Population ages 65 and above for the Philippines
SPPOP65UPTOZSPHL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.49
Year-over-Year Change
60.03%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for the Philippines' trend measures the percentage of a country's total population aged 65 and older. This metric is crucial for economists and policymakers to assess demographic shifts and inform 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 indicator represents the proportion of a population that has reached retirement age in the Philippines. It is used to analyze aging trends, retirement system sustainability, and the need for healthcare and social services targeting the elderly.
Methodology
The data is calculated by the World Bank using national population statistics.
Historical Context
Tracking the elderly population share is vital for economic and social policy planning.
Key Facts
- The 65+ population share in the Philippines was 7.1% in 2020.
- The elderly population has increased from 3.6% in 1960 to 7.1% in 2020.
- The Philippines has a younger population 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 Philippines that is aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: Tracking the elderly population share is crucial for economic and social policy planning, including retirement systems, healthcare, and social services.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national population statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze aging demographics and inform policies related to retirement, healthcare, and social welfare.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be lags in availability depending on the source country's reporting.
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PHLFCAODMFNUM
Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Philippines
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Use of Financial Services: Number of Depositors at Commercial Banks for Philippines
PHLFCDODCPENUM
Constant GDP per capita for the Philippines
NYGDPPCAPKDPHL
Bank Regulatory Capital to Risk-Weighted Assets for Philippines
DDSI05PHA156NWDB
Bank's Overhead Costs to Total Assets for Philippines
DDEI04PHA156NWDB
Citation
U.S. Federal Reserve, Population ages 65 and above for the Philippines (SPPOP65UPTOZSPHL), retrieved from FRED.