Population for Benin
POPTTLBJA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.80
Year-over-Year Change
39.58%
Date Range
1/1/1959 - 1/1/2019
Summary
The 'Population for Benin' series measures the total population of Benin over time. This key demographic indicator is important for economists and policymakers to understand population trends and development.
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 for Benin' series tracks the total number of people residing within the geographic boundaries of the country of Benin. This metric is widely used to analyze population growth, urbanization, and other demographic shifts that impact economic and social conditions.
Methodology
The data is collected through national census surveys and statistical estimates by the United Nations Population Division.
Historical Context
Population data is crucial for informing economic policies, resource allocation, and investment decisions.
Key Facts
- Benin's population was estimated at 12.1 million as of 2020.
- The population growth rate in Benin averages around 2.7% annually.
- Roughly 48% of Benin's population lives in urban areas.
FAQs
Q: What does this economic trend measure?
A: The 'Population for Benin' series tracks the total number of people residing within the geographical boundaries of the country of Benin over time.
Q: Why is this trend relevant for users or analysts?
A: Population data is crucial for understanding demographic shifts, informing economic policies, and guiding resource allocation and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through national census surveys and statistical estimates by the United Nations Population Division.
Q: How is this trend used in economic policy?
A: Population data is used by economists, policymakers, and institutions to analyze growth trends, urbanization, and other demographic factors that impact economic and social conditions.
Q: Are there update delays or limitations?
A: The population data may be subject to periodic updates and revisions based on the availability of new census information and statistical estimates.
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Citation
U.S. Federal Reserve, Population for Benin (POPTTLBJA148NRUG), retrieved from FRED.