Population, Total for Ecuador
POPTOTECA647NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,135,478.00
Year-over-Year Change
16.46%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population, Total for Ecuador' trend measures the total population of Ecuador, providing valuable insights into demographic and economic patterns.
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
This data series tracks the overall population of Ecuador, which is a key indicator for economists and policymakers as they analyze factors like labor force, consumer demand, and resource allocation.
Methodology
The data is collected and reported by the World Bank as part of their World Development Indicators database.
Historical Context
Population trends are crucial for informing economic and social policies in Ecuador.
Key Facts
- Ecuador's population exceeded 17 million as of 2021.
- The population has grown by over 25% in the past two decades.
- Urban areas account for more than 60% of the total population.
FAQs
Q: What does this economic trend measure?
A: The 'Population, Total for Ecuador' trend measures the overall population of Ecuador, tracking changes in the size and composition of the country's population over time.
Q: Why is this trend relevant for users or analysts?
A: Population data is crucial for economists and policymakers to understand demographic shifts, labor force dynamics, and consumer market potential in Ecuador.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of their World Development Indicators database.
Q: How is this trend used in economic policy?
A: Population trends inform a wide range of economic and social policies in Ecuador, from labor market regulations to infrastructure planning and public service delivery.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay, and may be subject to revisions based on new census or survey information.
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Citation
U.S. Federal Reserve, Population, Total for Ecuador (POPTOTECA647NWDB), retrieved from FRED.