Population, Total for Australia
POPTOTAUA647NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,204,809.00
Year-over-Year Change
19.67%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the total population of Australia. It is a key metric for understanding demographic and economic changes in the country.
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 total population of Australia is a fundamental economic indicator that represents the size of the country's labor force, consumer base, and overall economic potential. It is widely used by policymakers, analysts, and businesses to inform decisions and forecasts.
Methodology
The data is collected and reported by the World Bank based on official government statistics.
Historical Context
This population metric is crucial for evaluating Australia's economic growth, labor market, and development policies.
Key Facts
- Australia's population reached over 25 million as of 2020.
- Population growth has averaged around 1.5% annually over the past decade.
- Australia has one of the highest population growth rates among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population of Australia, including citizens and non-citizens residing in the country.
Q: Why is this trend relevant for users or analysts?
A: The total population is a fundamental economic indicator that informs analysis of Australia's labor force, consumer demand, and overall economic potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on official government statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this population data to evaluate economic growth, labor market dynamics, and the effectiveness of development policies.
Q: Are there update delays or limitations?
A: The data is updated annually with a lag of about 1-2 years.
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Citation
U.S. Federal Reserve, Population, Total for Australia (POPTOTAUA647NWDB), retrieved from FRED.