Population ages 65 and above for Austria
SPPOP65UPTOZSAUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.61
Year-over-Year Change
14.80%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Austria' trend measures the percentage of the total population in Austria that is aged 65 and older. This metric is important for economists and policymakers to understand demographic shifts and their implications for social programs, labor markets, and economic growth.
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 share of the total population in Austria that is aged 65 and above. It is a key indicator of population aging, which has far-reaching economic and social consequences that policymakers must account for in areas like retirement systems, healthcare, and workforce planning.
Methodology
The data is collected through national census and survey programs.
Historical Context
Trends in the aging population are closely monitored by government agencies, central banks, and international organizations to inform economic and social policies.
Key Facts
- Austria's population aged 65+ was 19.2% in 2020.
- The 65+ population has grown from 15.4% in 2000 to 19.2% in 2020.
- Austria has one of the oldest populations in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total population in Austria that is aged 65 and older, providing insight into the country's demographic aging.
Q: Why is this trend relevant for users or analysts?
A: Tracking the aging population is crucial for policymakers and economists to understand the implications for social programs, labor markets, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through national census and survey programs in Austria.
Q: How is this trend used in economic policy?
A: Trends in the aging population are closely monitored by government agencies, central banks, and international organizations to inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in publication due to the nature of census and survey collection.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Austria (SPPOP65UPTOZSAUT), retrieved from FRED.