Resident Population in Alabama
ALPOP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,157.70
Year-over-Year Change
7.08%
Date Range
1/1/1900 - 1/1/2024
Summary
The Resident Population in Alabama measures the total number of people living in the state. It is a key economic indicator that helps policymakers and analysts understand population changes and their potential impact on the state's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Resident Population in Alabama represents the estimated total number of people residing in the state, regardless of legal status or citizenship. This metric is widely used to track demographic trends and inform decisions around resource allocation, infrastructure planning, and economic development.
Methodology
The data is collected and calculated by the U.S. Census Bureau through a combination of surveys and administrative records.
Historical Context
The resident population data is crucial for federal and state governments to make informed policy decisions and allocate resources effectively.
Key Facts
- Alabama's resident population was estimated at 4.9 million in 2021.
- The state's population has grown by approximately 2.2% over the past decade.
- Alabama's population density is around 94.4 people per square mile.
FAQs
Q: What does this economic trend measure?
A: The Resident Population in Alabama measures the total number of people living in the state, regardless of their legal status or citizenship.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding demographic changes and their potential impact on the state's economy, resource allocation, and infrastructure planning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through a combination of surveys and administrative records.
Q: How is this trend used in economic policy?
A: The resident population data is used by federal and state governments to make informed policy decisions and allocate resources effectively.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Census Bureau, but there may be occasional delays or limitations in data collection and reporting.
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Citation
U.S. Federal Reserve, Resident Population in Alabama (ALPOP), retrieved from FRED.