Population ages 65 and above for Thailand
SPPOP65UPTOZSTHA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.36
Year-over-Year Change
67.86%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Thailand' trend measures the percentage of Thailand's total population aged 65 and older. This demographic metric is crucial for policymakers and economists analyzing Thailand's aging population and its socioeconomic 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 series tracks the proportion of Thailand's population that has reached retirement age, providing insights into the country's demographic transition and the evolving needs of its elderly citizens. It is widely used to forecast social security obligations, healthcare demands, and labor force dynamics.
Methodology
The data is collected through national population censuses and household surveys conducted by Thailand's National Statistical Office.
Historical Context
Policymakers and development institutions utilize this trend to plan for the social, economic, and healthcare needs of Thailand's aging population.
Key Facts
- Thailand's population aged 65 and above has steadily increased from 6.8% in 2000 to 11.9% in 2020.
- The aging of Thailand's population is expected to accelerate, with projections estimating 17.1% of the population will be 65+ by 2030.
- Thailand has the second-highest proportion of elderly population in Southeast Asia, after Singapore.
FAQs
Q: What does this economic trend measure?
A: The 'Population ages 65 and above for Thailand' trend measures the percentage of Thailand's total population that is aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into Thailand's demographic transition and the evolving needs of its aging population, which is crucial for policymakers and economists to plan for social security, healthcare, and labor force dynamics.
Q: How is this data collected or calculated?
A: The data is collected through national population censuses and household surveys conducted by Thailand's National Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and development institutions utilize this trend to plan for the social, economic, and healthcare needs of Thailand's aging population.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in availability due to the time required for national statistical agencies to collect and process the information.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Thailand (SPPOP65UPTOZSTHA), retrieved from FRED.