Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Norway
LFWA55TTNOA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
688,775.00
Year-over-Year Change
16.47%
Date Range
1/1/2000 - 1/1/2024
Summary
This economic trend measures the total working-age population in Norway aged 55 to 64 years. It provides insights into labor force participation and demographic shifts that can inform workforce and retirement policies.
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 working-age population aged 55 to 64 years is a key indicator for economists and policymakers analyzing labor force dynamics, aging trends, and the potential impact on economic productivity and social systems.
Methodology
This data is collected through national labor force surveys conducted by Statistics Norway.
Historical Context
Tracking changes in the 55-64 age cohort can help governments and businesses plan for evolving workforce and retirement patterns.
Key Facts
- Norway's 55-64 working-age population was 732,400 in 2022.
- The 55-64 age group accounts for 13.7% of Norway's total working-age population.
- Norway's 55-64 working-age population has grown by 8.1% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 55 to 64 years in Norway's working-age population.
Q: Why is this trend relevant for users or analysts?
A: Tracking the 55-64 age cohort helps economists and policymakers understand labor force participation, aging trends, and the potential impact on economic productivity and social systems.
Q: How is this data collected or calculated?
A: This data is collected through national labor force surveys conducted by Statistics Norway.
Q: How is this trend used in economic policy?
A: Changes in the 55-64 age group can inform workforce and retirement policies, as well as planning for evolving labor force dynamics.
Q: Are there update delays or limitations?
A: The data is updated regularly by Statistics Norway, but may have a short delay compared to the reference period.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Norway (LFWA55TTNOA647N), retrieved from FRED.