Population ages 65 and above for Fiji
SPPOP65UPTOZSFJI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.49
Year-over-Year Change
35.31%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Fiji' trend measures the percentage of Fiji's total population aged 65 and older. This metric is important for policymakers and economists to understand demographic shifts and plan for social welfare programs.
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
This indicator represents the portion of Fiji's population that has reached retirement age. It is used to analyze population aging, which has significant implications for economic growth, labor force participation, and the provision of public services.
Methodology
The data is collected and calculated by the World Bank using census and survey information.
Historical Context
Tracking this trend helps governments and institutions anticipate the changing needs of an aging population.
Key Facts
- Fiji's 65+ population was 4.9% in 1960.
- The 65+ share reached 6.3% in 2020.
- Fiji has a younger population compared to other Pacific Island nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Fiji's total population that is aged 65 and older. It represents the aging demographic in the country.
Q: Why is this trend relevant for users or analysts?
A: Tracking the aging population is crucial for policymakers and economists to plan for the social, economic, and healthcare needs of an older demographic.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using census and survey information.
Q: How is this trend used in economic policy?
A: This trend helps governments and institutions anticipate the changing needs of an aging population and allocate resources for social welfare programs accordingly.
Q: Are there update delays or limitations?
A: The data is updated regularly by the World Bank, but there may be some delays in reporting, especially for smaller economies like Fiji.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Fiji (SPPOP65UPTOZSFJI), retrieved from FRED.