Population ages 65 and above for the Lao People's Democratic Republic
SPPOP65UPTOZSLAO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.67
Year-over-Year Change
18.16%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for the Lao People's Democratic Republic' trend measures the percentage of the Lao population aged 65 and older. This data provides insights into demographic shifts and aging trends within the country.
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 total Lao population classified as aged 65 and above. Tracking this metric is crucial for policymakers and economists to understand the aging dynamics and plan for the social, economic, and healthcare needs of the elderly population.
Methodology
The data is compiled by the World Bank based on population estimates and projections from national statistical offices and the United Nations Population Division.
Historical Context
The population aging trend informs decisions around social security, healthcare, and labor force participation in Lao PDR.
Key Facts
- Lao PDR has a relatively young population, with 65+ residents comprising 5.3% as of 2020.
- The 65+ population in Lao PDR is projected to reach 7.7% by 2030.
- Aging is occurring at a slower pace in Lao PDR compared to other Southeast Asian countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total population in the Lao People's Democratic Republic that is aged 65 and above.
Q: Why is this trend relevant for users or analysts?
A: Tracking the aging population in Lao PDR is crucial for policymakers and economists to understand demographic shifts and plan for the social, economic, and healthcare needs of the elderly population.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank based on population estimates and projections from national statistical offices and the United Nations Population Division.
Q: How is this trend used in economic policy?
A: The population aging trend informs decisions around social security, healthcare, and labor force participation in Lao PDR.
Q: Are there update delays or limitations?
A: The data is published annually, with potential lags in reporting from national statistical offices.
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Citation
U.S. Federal Reserve, Population ages 65 and above for the Lao People's Democratic Republic (SPPOP65UPTOZSLAO), retrieved from FRED.