Population ages 65 and above for Ireland
SPPOP65UPTOZSIRL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.89
Year-over-Year Change
31.53%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Ireland' economic trend measures the percentage of the total Irish population aged 65 and older. This statistic is a key indicator of demographic change and can inform policy decisions related to healthcare, retirement systems, and social services.
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 share of the Irish population that has reached the traditional retirement age of 65 or above. Tracking this metric over time provides insights into the aging of Ireland's population, which has important implications for economic and social planning.
Methodology
The data is calculated based on national population surveys and census reports compiled by the World Bank.
Historical Context
Policymakers and analysts use this trend to assess the fiscal sustainability of pension and healthcare programs, as well as to anticipate future changes in labor force participation and consumer demand.
Key Facts
- The percentage of the Irish population aged 65 and above was 13.8% in 2020.
- Ireland's elderly population has grown from 11.1% in 2000 to 13.8% in 2020.
- Rapid population aging could strain Ireland's pension and healthcare systems.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total population in Ireland that is aged 65 and above, providing insights into the aging of the country's demographics.
Q: Why is this trend relevant for users or analysts?
A: Tracking the share of the elderly population is crucial for policymakers and economists to assess the sustainability of social programs and plan for future changes in labor force participation and consumer demand.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank based on national population surveys and census reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the fiscal sustainability of pension and healthcare programs, as well as to anticipate future changes in the labor force and consumer demand.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in the most recent updates due to the time required for national surveys and census reporting.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Ireland
IRLCPHP0500GYM
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Ireland
NAEXKP02IEQ189S
Financial Market: Share Prices for Ireland
SPASTT01IEM661N
Outstanding International Public Debt Securities to GDP for Ireland
DDDM06IEA156NWDB
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Ireland
PRMNTO01IEQ661N
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Ireland
LRHU24MAIEM156N
Citation
U.S. Federal Reserve, Population ages 65 and above for Ireland (SPPOP65UPTOZSIRL), retrieved from FRED.