Population ages 65 and above for Romania
SPPOP65UPTOZSROU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.98
Year-over-Year Change
22.84%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Romania' trend measures the percentage of the Romanian population aged 65 and older. This data is crucial for economists and policymakers to analyze demographic shifts and their economic implications.
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 proportion of the total Romanian population that has reached retirement age. It is an important statistic for understanding the country's age distribution, labor force participation, and social welfare needs.
Methodology
The data is collected through national census and survey efforts by the Romanian government.
Historical Context
Policymakers use this metric to inform decisions around pension systems, healthcare, and economic planning.
Key Facts
- Romania's 65+ population has grown from 10.3% in 1960 to 18.5% in 2020.
- The 65+ age group is projected to reach 21.3% of Romania's total population by 2030.
- Romania has one of the fastest-aging populations in the European Union.
FAQs
Q: What does this economic trend measure?
A: The 'Population ages 65 and above for Romania' indicator tracks the percentage of Romania's total population that is aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Romania's demographic shifts and their economic implications, such as labor force participation, social welfare needs, and pension system requirements.
Q: How is this data collected or calculated?
A: The data is collected through national census and survey efforts by the Romanian government.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to inform decisions around pension systems, healthcare, and overall economic planning in response to Romania's aging population.
Q: Are there update delays or limitations?
A: The data is published regularly by the Romanian government, but there may be some delays in availability depending on census cycles.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Romania (SPPOP65UPTOZSROU), retrieved from FRED.