Fertility Rate, Total for the Isle of Man
SPDYNTFRTINIMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.55
Year-over-Year Change
-18.65%
Date Range
1/1/1960 - 1/1/2023
Summary
The Total Fertility Rate for the Isle of Man measures the average number of children born per woman in the island's population. This metric is critical for economists and policymakers to understand demographic trends and plan for future social services and infrastructure needs.
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 Total Fertility Rate represents the average number of children a woman would have over her lifetime if current age-specific fertility rates remained constant. This provides insight into the long-term population dynamics of the Isle of Man and can inform economic and social policy decisions.
Methodology
The data is collected and calculated by the World Bank based on national statistics.
Historical Context
Fertility rates are closely monitored by government agencies and international organizations to plan for future economic and social needs.
Key Facts
- The Isle of Man's fertility rate was 1.9 children per woman in 2020.
- Fertility rates have declined globally over the past several decades.
- Low fertility can lead to population aging and economic challenges.
FAQs
Q: What does this economic trend measure?
A: The Total Fertility Rate for the Isle of Man measures the average number of children born per woman in the island's population.
Q: Why is this trend relevant for users or analysts?
A: Fertility rates are crucial for understanding demographic trends and informing economic and social policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national statistics.
Q: How is this trend used in economic policy?
A: Fertility rates are closely monitored by government agencies and international organizations to plan for future economic and social needs.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may be subject to revisions based on updated national statistics.
Related Trends
Gross National Income for Isle of Man
MKTGNIIMA646NWDB
Population, Total for Isle of Man
POPTOTIMA647NWDB
Constant GDP per capita for the Isle of Man
NYGDPPCAPKDIMN
Gross Domestic Product for Isle of Man
MKTGDPIMA646NWDB
Gross Domestic Product Per Capita for Isle of Man
PCAGDPIMA646NWDB
Life Expectancy at Birth, Total for the Isle of Man
SPDYNLE00INIMN
Citation
U.S. Federal Reserve, Fertility Rate, Total for the Isle of Man (SPDYNTFRTINIMN), retrieved from FRED.