Population for Libya
POPTTLLYA173NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,461.45
Year-over-Year Change
32.30%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Population for Libya' trend measures the total population of Libya. It is a key indicator for economists and policymakers to understand demographic and labor market trends.
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 of Libya, a key indicator of the size and composition of the country's workforce and consumer base. Tracking population growth and changes is vital for economic planning and policy decisions.
Methodology
The data is collected through census surveys and population estimates by the U.S. Census Bureau.
Historical Context
Population data is used by governments, businesses, and analysts to inform a range of economic policies and market strategies.
Key Facts
- Libya's population is approximately 6.9 million as of 2021.
- The population has grown by over 50% since 2000.
- Libya has a young population, with a median age of 29 years.
FAQs
Q: What does this economic trend measure?
A: The 'Population for Libya' trend measures the total population of the country, providing a key indicator of demographic and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Population data is crucial for understanding the size and composition of a country's workforce, consumer base, and overall economic potential.
Q: How is this data collected or calculated?
A: The data is collected through census surveys and population estimates by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Population data is used by governments, businesses, and analysts to inform a range of economic policies and market strategies, such as labor force planning, consumer demand forecasting, and infrastructure investment.
Q: Are there update delays or limitations?
A: The population data may have some update delays due to the complexity of conducting comprehensive census surveys, particularly in developing countries like Libya.
Related Trends
Citation
U.S. Federal Reserve, Population for Libya (POPTTLLYA173NUPN), retrieved from FRED.