Population ages 65 and above for Denmark
SPPOP65UPTOZSDNK • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.87
Year-over-Year Change
18.53%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the percentage of Denmark's total population aged 65 and above. It is a key indicator for analyzing population aging and its implications for social and economic policy.
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 Denmark' metric tracks the share of Denmark's population that has reached retirement age. This data is used by economists, demographers, and policymakers to understand population dynamics and forecast the future needs of an aging society.
Methodology
The data is collected and reported by the World Bank using national census and survey information.
Historical Context
Monitoring population aging is crucial for projecting labor force trends, social security liabilities, and healthcare expenditures.
Key Facts
- Denmark's population over 65 reached 19.6% in 2020.
- The percentage of Danes aged 65+ has increased by over 5% since 2000.
- Population aging may strain Denmark's social welfare system in coming decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Denmark's total population that is aged 65 and above. It is an indicator of population aging in the country.
Q: Why is this trend relevant for users or analysts?
A: Tracking the aging of Denmark's population is crucial for policymakers to forecast the future needs of retirees and plan for the social and economic impacts of an older society.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using national census and survey information.
Q: How is this trend used in economic policy?
A: Monitoring population aging is important for projecting labor force trends, social security liabilities, and healthcare expenditures, which inform economic and social policies in Denmark.
Q: Are there update delays or limitations?
A: The data is reported annually with a slight delay, so it may not reflect the most recent population changes in Denmark.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Denmark (SPPOP65UPTOZSDNK), retrieved from FRED.