Population ages 65 and above for Saint Vincent and the Grenadines
SPPOP65UPTOZSVCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.89
Year-over-Year Change
32.64%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the percentage of the population in Saint Vincent and the Grenadines that is aged 65 and above. Understanding demographic shifts is crucial for policymakers to plan public services and allocate resources effectively.
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
The 'Population ages 65 and above' metric tracks the share of a country's total population that has reached retirement age. This data point is widely used by economists and government agencies to analyze aging trends and their potential socioeconomic impacts.
Methodology
The data is collected through national census surveys and population estimates by the World Bank.
Historical Context
Policymakers use this trend to anticipate changes in healthcare, social security, and other public programs catered to the elderly population.
Key Facts
- Saint Vincent and the Grenadines has a population of around 111,000 as of 2020.
- The percentage of the population aged 65 and above in Saint Vincent and the Grenadines was 8.4% in 2020.
- The elderly population in Saint Vincent and the Grenadines is projected to grow to 13.4% by 2050.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total population in Saint Vincent and the Grenadines that is aged 65 and above.
Q: Why is this trend relevant for users or analysts?
A: Understanding the aging population is crucial for policymakers to plan and allocate resources for healthcare, social security, and other programs catered to the elderly.
Q: How is this data collected or calculated?
A: The data is collected through national census surveys and population estimates by the World Bank.
Q: How is this trend used in economic policy?
A: Governments and policymakers use this trend to anticipate changes in public services and social programs for the elderly population.
Q: Are there update delays or limitations?
A: The data is updated regularly by the World Bank, but there may be lags in availability depending on national census cycles.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Saint Vincent and the Grenadines (SPPOP65UPTOZSVCT), retrieved from FRED.