Population, Total for Nicaragua
POPTOTNIA647NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,916,140.00
Year-over-Year Change
17.20%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population, Total for Nicaragua' trend measures the total population of Nicaragua. This data is crucial for economists and policymakers to analyze demographic shifts and plan for public services and infrastructure.
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 economic indicator tracks the total number of people residing in Nicaragua, including citizens and non-citizens. It is an essential metric for understanding population growth, density, and distribution, which impact economic development, resource allocation, and standards of living.
Methodology
The World Bank collects this data from national statistical offices and censuses.
Historical Context
Policymakers use this data to inform decisions on public investment, social programs, and economic planning.
Key Facts
- Nicaragua's total population was 6.5 million as of 2020.
- The population grew by 1.2% annually between 2015-2020.
- Over 50% of Nicaraguans live in urban areas.
FAQs
Q: What does this economic trend measure?
A: The 'Population, Total for Nicaragua' trend measures the total number of people residing in Nicaragua, including citizens and non-citizens.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for economists and policymakers to analyze demographic shifts and plan for public services and infrastructure.
Q: How is this data collected or calculated?
A: The World Bank collects this data from national statistical offices and censuses.
Q: How is this trend used in economic policy?
A: Policymakers use this data to inform decisions on public investment, social programs, and economic planning.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be delays in reporting from some national statistical offices.
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Citation
U.S. Federal Reserve, Population, Total for Nicaragua (POPTOTNIA647NWDB), retrieved from FRED.