Population, Total for Philippines
POPTOTPHA647NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115,843,670.00
Year-over-Year Change
15.64%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population, Total for Philippines' metric tracks the total population of the Philippines, a key economic and demographic indicator for one of Southeast Asia's largest nations.
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 series represents the total population residing within the geographical boundaries of the Philippines, regardless of legal status or citizenship. It is a crucial data point for economists, policymakers, and researchers to understand the size and growth of the Philippine population, which has significant implications for the country's economic and social development.
Methodology
The data is collected and reported by the World Bank based on official population statistics.
Historical Context
Population data is essential for analyzing a wide range of economic and social factors, from labor force dynamics to consumer demand.
Key Facts
- The Philippines has a population of over 109 million as of 2021.
- The population growth rate of the Philippines was 1.35% in 2020.
- Over 40% of the Philippine population is under the age of 24.
FAQs
Q: What does this economic trend measure?
A: The 'Population, Total for Philippines' metric tracks the total number of people residing within the geographical boundaries of the Philippines, regardless of legal status or citizenship.
Q: Why is this trend relevant for users or analysts?
A: Population data is a critical input for a wide range of economic analysis and policymaking, from labor force projections to consumer demand forecasting.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on official population statistics from the Philippine government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use population data to inform decisions and forecasts across sectors, including infrastructure planning, public service provision, and labor market regulations.
Q: Are there update delays or limitations?
A: The World Bank updates this population series annually, with a typical 1-2 year lag in the most recent data.
Related Trends
Number of Identified Exporters to Philippines from West Virginia
WVPHLA475SCEN
Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Philippines
PHLFCAODNUM
Inflation, consumer prices for the Philippines
FPCPITOTLZGPHL
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Philippines
DDOI10PHA156NWDB
Net migration for the Philippines
SMPOPNETMPHL
Number of Identified Exporters to Philippines from New Hampshire
NHPHLA475SCEN
Citation
U.S. Federal Reserve, Population, Total for Philippines (POPTOTPHA647NWDB), retrieved from FRED.