Resident Population in North Dakota
NDPOP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
796.57
Year-over-Year Change
13.43%
Date Range
1/1/1900 - 1/1/2024
Summary
The Resident Population in North Dakota trend measures the total population living in the state of North Dakota. This metric is important for economists and policymakers to understand demographic changes and inform decisions around resource allocation and economic planning.
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 Resident Population in North Dakota represents the estimated total number of people living within the geographic boundaries of the state. This data is widely used to analyze population growth, migration patterns, and the changing socioeconomic profile of the state's residents.
Methodology
The data is collected and calculated by the U.S. Census Bureau through a combination of decennial census counts and ongoing population surveys.
Historical Context
Resident population data is critical for state and local governments to project future infrastructure, social service, and budgetary needs.
Key Facts
- North Dakota's resident population was 779,094 as of 2021.
- The state experienced 15.8% population growth from 2010 to 2020.
- Energy production and agriculture are major drivers of North Dakota's economy.
FAQs
Q: What does this economic trend measure?
A: The Resident Population in North Dakota trend measures the total number of people living within the geographic boundaries of the state.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding demographic changes, informing resource allocation, and supporting economic planning at the state and local level.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and calculates the resident population data through a combination of decennial census counts and ongoing population surveys.
Q: How is this trend used in economic policy?
A: Resident population data is critical for state and local governments to project future infrastructure, social service, and budgetary needs.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Census Bureau, but there may be some delay between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Resident Population in North Dakota (NDPOP), retrieved from FRED.