Population ages 65 and above for Barbados
SPPOP65UPTOZSBRB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.55
Year-over-Year Change
36.34%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the population aged 65 and above in Barbados, providing insights into the country's demographic shifts and aging population.
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 for Barbados' series tracks the percentage of the total population in Barbados that is 65 years old and older. This metric is widely used by economists and policymakers to analyze population aging, social welfare needs, and long-term economic implications.
Methodology
The data is collected and calculated by the World Bank based on official national statistics.
Historical Context
Monitoring the aging population in Barbados is crucial for informing social policies, retirement systems, and healthcare planning.
Key Facts
- Barbados has one of the highest percentages of elderly population in the Caribbean region.
- The 65 and above population in Barbados has steadily increased from 7.7% in 1960 to 15.3% in 2021.
- An aging population impacts Barbados' social safety net, healthcare system, and labor force dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total population in Barbados that is 65 years old and older, providing insights into the country's demographic aging.
Q: Why is this trend relevant for users or analysts?
A: Tracking the aging population in Barbados is crucial for informing social policies, retirement systems, and healthcare planning to address the needs of the elderly.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national statistics from Barbados.
Q: How is this trend used in economic policy?
A: Policymakers in Barbados use this trend to understand demographic shifts and plan for the growing elderly population's impact on the social welfare system, healthcare, and labor force.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical 1-2 year delay in availability.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Barbados (SPPOP65UPTOZSBRB), retrieved from FRED.