Population ages 65 and above for Colombia
SPPOP65UPTOZSCOL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.78
Year-over-Year Change
55.37%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Colombia' series measures the percentage of the total Colombian population aged 65 and older. This key demographic indicator is vital for economists and policymakers to understand trends in aging, social services, and retirement planning.
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 share of the Colombian population that has reached retirement age. It is widely used to analyze the aging of the population, the potential burden on social programs, and the economic implications of a shifting demographic profile.
Methodology
The data is collected through national census and survey efforts coordinated by Colombia's statistical agency.
Historical Context
Policymakers and market analysts closely monitor this indicator to assess the sustainability of pension systems, healthcare expenditures, and economic growth prospects.
Key Facts
- Colombia's 65+ population was 8.3% in 2010.
- This share is projected to reach 13.5% by 2030.
- The 65+ group grew by 2.3% annually from 2010-2020.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the percentage of the total Colombian population that is aged 65 and older. It is a key indicator of demographic aging and population structure.
Q: Why is this trend relevant for users or analysts?
A: The aging of the Colombian population has significant implications for social programs, healthcare expenditures, and long-term economic growth prospects. Monitoring this trend is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through national census and survey efforts coordinated by Colombia's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this indicator to assess the sustainability of pension systems, healthcare expenditures, and economic growth prospects in Colombia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as census and survey information is finalized.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Colombia (SPPOP65UPTOZSCOL), retrieved from FRED.