Population ages 65 and above for Canada
SPPOP65UPTOZSCAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.80
Year-over-Year Change
33.59%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Canada' trend measures the percentage of the Canadian population aged 65 and older. This statistic is critical for economists and policymakers to understand demographic shifts and their implications for social programs, retirement planning, 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 Canadian population that is aged 65 and above. Tracking this population segment is vital for analyzing trends in aging, dependency ratios, and the economic and social impacts of an older population.
Methodology
The data is compiled by the World Bank from national statistical offices and household surveys.
Historical Context
Policymakers and analysts use this data to inform decisions around healthcare, retirement policies, and economic planning.
Key Facts
- Canada's 65+ population reached 17.2% in 2021.
- This represents a 3.4% increase from 2011.
- The aging population presents challenges for retirement systems and healthcare.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total Canadian population that is aged 65 and above.
Q: Why is this trend relevant for users or analysts?
A: Tracking the aging population in Canada is crucial for understanding demographic shifts and their implications for social programs, retirement planning, and economic growth.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from national statistical offices and household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to inform decisions around healthcare, retirement policies, and broader economic planning.
Q: Are there update delays or limitations?
A: The World Bank updates this data annually, with some potential delays in data collection and publication.
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Citation
World Bank, Population ages 65 and above (% of total population) - Canada (SPPOP65UPTOZSCAN), retrieved from World Development Indicators.