Population for Republic of Korea
POPTTLKRA173NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,636.07
Year-over-Year Change
5.38%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Population for Republic of Korea' metric tracks the total population of South Korea. This data is crucial for economists and policymakers to understand demographic trends and plan public services.
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 measures the total population residing within the geographical boundaries of the Republic of Korea, also known as South Korea. It is an important indicator for analyzing population growth, urbanization, and other demographic shifts that impact the Korean economy and society.
Methodology
The population data is collected through national census surveys conducted periodically by the government of South Korea.
Historical Context
Policymakers use this population data to inform decisions around infrastructure, healthcare, education, and other public services.
Key Facts
- South Korea has a population of over 51 million people.
- The population grew by 0.2% in 2022.
- Seoul is the most populous city with over 9.7 million residents.
FAQs
Q: What does this economic trend measure?
A: The 'Population for Republic of Korea' metric tracks the total number of people residing within the geographical boundaries of South Korea.
Q: Why is this trend relevant for users or analysts?
A: This population data is crucial for economists, policymakers, and other stakeholders to understand demographic shifts and plan public services accordingly.
Q: How is this data collected or calculated?
A: The population data is collected through national census surveys conducted periodically by the government of South Korea.
Q: How is this trend used in economic policy?
A: Policymakers use this population data to inform decisions around infrastructure, healthcare, education, and other public services to meet the needs of the Korean population.
Q: Are there update delays or limitations?
A: The population data is updated periodically based on the national census, which may result in some delay in the most recent figures being available.
Related Trends
Citation
U.S. Federal Reserve, Population for Republic of Korea (POPTTLKRA173NUPN), retrieved from FRED.