Population for Saudi Arabia
POPTTLSAA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.27
Year-over-Year Change
36.07%
Date Range
1/1/1970 - 1/1/2019
Summary
The Population for Saudi Arabia metric tracks the total population of Saudi Arabia, a major economy and regional power in the Middle East. This metric is crucial for policymakers and economists to understand demographic trends and their economic implications.
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 Saudi Arabia metric represents the total number of people residing within the geographical boundaries of the Kingdom of Saudi Arabia. It is an essential indicator for analyzing the country's economic and social development, as population size and growth significantly impact labor supply, consumption, and public service demands.
Methodology
This data is collected and reported by the World Bank based on official government sources.
Historical Context
Policymakers and economists use this metric to assess the potential for economic growth, labor market dynamics, and the sustainability of public services in Saudi Arabia.
Key Facts
- Saudi Arabia has a population of over 34 million as of 2021.
- The population has grown by over 20% in the past decade.
- Saudi Arabia has a young population, with a median age of 32 years.
FAQs
Q: What does this economic trend measure?
A: The Population for Saudi Arabia metric measures the total number of people residing within the geographical boundaries of the Kingdom of Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to understand demographic trends and their economic implications in Saudi Arabia, a major economy and regional power in the Middle East.
Q: How is this data collected or calculated?
A: This data is collected and reported by the World Bank based on official government sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the potential for economic growth, labor market dynamics, and the sustainability of public services in Saudi Arabia.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a potential delay of up to 2 years.
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Citation
U.S. Federal Reserve, Population for Saudi Arabia (POPTTLSAA148NRUG), retrieved from FRED.