Population ages 65 and above for Jamaica
SPPOP65UPTOZSJAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.21
Year-over-Year Change
32.70%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Jamaica' trend measures the percentage of the Jamaican population aged 65 and older. This metric is crucial for understanding demographic shifts and informing policymaking around social services, healthcare, and economic planning.
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 tracks the size of the elderly population in Jamaica over time. It is used by economists, policymakers, and planners to analyze aging trends, assess the pressure on social systems, and forecast future needs for infrastructure, healthcare, and retirement programs.
Methodology
The data is compiled by the World Bank from national statistical agencies and household surveys.
Historical Context
Monitoring the elderly population share is important for Jamaica to anticipate and respond to the needs of its aging society.
Key Facts
- Jamaica's elderly population reached 9.7% in 2021.
- The proportion of Jamaicans aged 65+ has doubled since 1990.
- Aging trends impact pensions, healthcare, and social services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total population in Jamaica that is aged 65 and above.
Q: Why is this trend relevant for users or analysts?
A: Tracking the elderly population share is crucial for Jamaica to plan for the needs of its aging society, including healthcare, retirement programs, and other social services.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from national statistical agencies and household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and planners in Jamaica use this data to forecast demographic shifts, assess the burden on social systems, and develop strategies to address the needs of the growing elderly population.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be delays in reporting from some national sources.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Jamaica (SPPOP65UPTOZSJAM), retrieved from FRED.