Population ages 65 and above for Benin
SPPOP65UPTOZSBEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.12
Year-over-Year Change
1.97%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Benin' series measures the percentage of a country's total population that is aged 65 and older. This metric is important for economists and policymakers to understand demographic trends and plan for social services.
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 data series tracks the percentage of Benin's total population that is 65 years old and above. It provides insight into the aging of the population, which has implications for social programs, labor force dynamics, and economic growth.
Methodology
The data is calculated by the World Bank based on national population censuses and surveys.
Historical Context
Policymakers use this metric to forecast demand for healthcare, retirement, and other services for the elderly population.
Key Facts
- Benin's 65+ population was 3.36% in 2021.
- Benin has a relatively young population compared to global averages.
- The 65+ population is projected to rise to 5.75% by 2050.
FAQs
Q: What does this economic trend measure?
A: This series measures the percentage of Benin's total population that is aged 65 years and above. It provides insight into the aging of the population.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to understand demographic shifts and plan for the future needs of the elderly population, such as healthcare, retirement, and social services.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national population censuses and surveys.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to forecast demand for social programs and services targeted at the elderly population, as well as to assess the economic implications of population aging.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be delays in reporting from national statistical agencies.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Benin (SPPOP65UPTOZSBEN), retrieved from FRED.