Population for Nigeria
POPTTLNGA173NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152,217.34
Year-over-Year Change
29.44%
Date Range
1/1/1950 - 1/1/2010
Summary
The Population for Nigeria trend measures the total population of Nigeria, the most populous country in Africa. This data is crucial for economists and policymakers to understand demographic shifts and their impact on economic development.
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
The Population for Nigeria metric tracks the total number of people residing within the geographic boundaries of Nigeria. This broad population indicator is used to analyze population growth, urbanization, and other demographic factors that influence a country's economic and social landscape.
Methodology
The data is collected through national census surveys conducted by the Nigerian government.
Historical Context
Policymakers use this population data to inform decisions on public services, infrastructure, and economic planning.
Key Facts
- Nigeria is the most populous country in Africa.
- Nigeria's population has more than doubled since 1990.
- Over 50% of Nigeria's population is under the age of 18.
FAQs
Q: What does this economic trend measure?
A: The Population for Nigeria trend measures the total number of people residing within the geographic boundaries of Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This population data is crucial for understanding demographic shifts and their impact on economic development in Nigeria.
Q: How is this data collected or calculated?
A: The data is collected through national census surveys conducted by the Nigerian government.
Q: How is this trend used in economic policy?
A: Policymakers use this population data to inform decisions on public services, infrastructure, and economic planning in Nigeria.
Q: Are there update delays or limitations?
A: The data may be subject to delays or limitations due to the complexities of conducting national census surveys.
Related Trends
Citation
U.S. Federal Reserve, Population for Nigeria (POPTTLNGA173NUPN), retrieved from FRED.