Population ages 65 and above for Maldives
SPPOP65UPTOZSMDV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.64
Year-over-Year Change
8.85%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Maldives' trend measures the percentage of the total population in Maldives that is aged 65 and older. This is a key economic indicator used to analyze demographic shifts and assess the sustainability of social 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 series represents the share of the Maldivian population that has reached retirement age, providing insights into the aging of the country's workforce and the potential strain on pension and healthcare systems. Economists and policymakers use this data to project future economic growth, labor force participation, and social welfare needs.
Methodology
The data is collected by the World Bank through census and survey information provided by the Maldivian government.
Historical Context
Tracking the aging population in Maldives is crucial for informing economic and social policies that address the needs of older citizens.
Key Facts
- Maldives has a relatively young population, with only 4.4% aged 65 and above as of 2020.
- The percentage of Maldivians aged 65+ has doubled since 1990, from 2.2% to 4.4%.
- Maldives has one of the lowest old-age dependency ratios in South Asia.
FAQs
Q: What does this economic trend measure?
A: The 'Population ages 65 and above for Maldives' trend measures the percentage of the total population in Maldives that is aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the aging of Maldives' workforce and the potential strain on the country's pension and healthcare systems, which is crucial for informing economic and social policies.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through census and survey information provided by the Maldivian government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to project future economic growth, labor force participation, and social welfare needs in Maldives.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be some delays in reporting from the source countries.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Maldives (SPPOP65UPTOZSMDV), retrieved from FRED.