Population ages 65 and above for Ecuador
SPPOP65UPTOZSECU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.34
Year-over-Year Change
36.62%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Population ages 65 and above for Ecuador' trend measures the percentage of the Ecuadorian population aged 65 and older. This statistic is crucial for policymakers and economists to assess demographic shifts and plan social welfare programs.
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 indicator represents the share of the total Ecuadorian population that is aged 65 and over. Understanding population aging is vital for forecasting labor force participation, healthcare needs, and pension system sustainability.
Methodology
The data is collected through national census and survey efforts.
Historical Context
Tracking the aging of Ecuador's population informs economic and social policies related to retirement, healthcare, and eldercare.
Key Facts
- Ecuador's 65+ population was 7.2% in 2020.
- The 65+ population is projected to reach 12.4% by 2050.
- Ecuador has a lower 65+ share than the Latin American average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Ecuador's total population that is aged 65 and older. It tracks the aging of the country's demographics.
Q: Why is this trend relevant for users or analysts?
A: Understanding Ecuador's aging population is crucial for policymakers to plan social programs, healthcare, and retirement systems to meet the needs of the growing elderly demographic.
Q: How is this data collected or calculated?
A: The data is collected through national census and survey efforts by the Ecuadorian government.
Q: How is this trend used in economic policy?
A: Trends in Ecuador's elderly population are used by economists and policymakers to forecast labor force participation, social welfare needs, and the sustainability of retirement programs.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting due to the time required for national census and survey collection and compilation.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Ecuador (SPPOP65UPTOZSECU), retrieved from FRED.