Population ages 65 and above for Bangladesh
SPPOP65UPTOZSBGD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.50
Year-over-Year Change
44.76%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the percentage of the total population in Bangladesh aged 65 and above. It is an important demographic indicator for policymakers and economists tracking aging populations and their economic implications.
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 ages 65 and above metric represents the proportion of a country's total population that is 65 years old or older. This data point is widely used to analyze aging trends, labor force participation, and the sustainability of social welfare programs.
Methodology
The data is collected and reported annually by the World Bank based on national population surveys.
Historical Context
Monitoring the growth rate of the elderly population is crucial for governments to plan for healthcare, retirement, and other social services.
Key Facts
- Bangladesh's 65+ population was 4.6% in 2021.
- The 65+ population is projected to reach 7.5% by 2030.
- Bangladesh has a relatively young population compared to other Asian nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total population in Bangladesh that is aged 65 and above.
Q: Why is this trend relevant for users or analysts?
A: Tracking the growth of the elderly population is crucial for policymakers to plan for healthcare, social services, and economic implications of aging demographics.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the World Bank based on national population surveys.
Q: How is this trend used in economic policy?
A: Governments use this data to forecast the sustainability of social welfare programs and plan for the needs of the aging population.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Bangladesh (SPPOP65UPTOZSBGD), retrieved from FRED.