Population ages 65 and above for the Dominican Republic
SPPOP65UPTOZSDOM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.88
Year-over-Year Change
49.08%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the percentage of the Dominican Republic's population aged 65 and above. Understanding a country's aging demographics is crucial for policymakers to address social welfare and healthcare 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 'Population ages 65 and above' metric represents the share of a country's total population that is aged 65 years or older. This data point is widely used by economists and analysts to study demographic shifts and their implications for economic and social development.
Methodology
This data is collected and calculated by the World Bank based on population estimates and projections.
Historical Context
Tracking the aging population is vital for policymakers to plan for social security, healthcare, and other public services.
Key Facts
- The Dominican Republic's 65+ population was 8.1% in 2021.
- The 65+ population in the Dominican Republic has grown from 4.9% in 1990 to 8.1% in 2021.
- Aging populations can strain social safety nets and healthcare systems.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Dominican Republic's total population that is aged 65 years and above.
Q: Why is this trend relevant for users or analysts?
A: Tracking the aging population is crucial for policymakers to plan for social security, healthcare, and other public services needed to support older citizens.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on population estimates and projections.
Q: How is this trend used in economic policy?
A: Governments and analysts use this data to understand demographic shifts and their implications for social welfare programs, healthcare, and economic development.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, but there may be lags in reporting or limitations in data collection in certain regions.
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Citation
U.S. Federal Reserve, Population ages 65 and above for the Dominican Republic (SPPOP65UPTOZSDOM), retrieved from FRED.