Population, Total for Senegal
POPTOTSNA647NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,501,984.00
Year-over-Year Change
39.00%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population, Total for Senegal' trend measures the total population of Senegal over time. This metric is crucial for economists and policymakers to understand demographic and labor force 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
This series represents the total number of people residing in Senegal, regardless of legal status or citizenship. It is an important indicator for analyzing population growth, urbanization, and the potential labor supply in the Senegalese economy.
Methodology
The data is collected through national censuses and household surveys by the World Bank.
Historical Context
Policymakers use this population data to inform decisions around economic development, resource allocation, and social programs.
Key Facts
- Senegal's population reached over 16.7 million in 2020.
- The population growth rate in Senegal is around 2.7% annually.
- Over 40% of Senegal's population is under the age of 14.
FAQs
Q: What does this economic trend measure?
A: The 'Population, Total for Senegal' trend measures the total number of people residing in Senegal, regardless of legal status or citizenship.
Q: Why is this trend relevant for users or analysts?
A: This population data is crucial for economists and policymakers to understand demographic changes and the labor force in Senegal.
Q: How is this data collected or calculated?
A: The data is collected through national censuses and household surveys by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers use this population data to inform decisions around economic development, resource allocation, and social programs in Senegal.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting due to the time required for national census collection and compilation.
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Citation
U.S. Federal Reserve, Population, Total for Senegal (POPTOTSNA647NWDB), retrieved from FRED.