Population ages 65 and above for Papua New Guinea
SPPOP65UPTOZSPNG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.46
Year-over-Year Change
25.74%
Date Range
1/1/1960 - 1/1/2024
Summary
This trend measures the percentage of the total population in Papua New Guinea that is aged 65 and above. It is an important economic indicator for understanding demographic shifts and planning public 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
The population ages 65 and above for Papua New Guinea is a key statistic that reflects the aging of the country's population. It is used by economists, policymakers, and development organizations to analyze demographic trends and their economic implications.
Methodology
This data is collected and calculated by the World Bank based on official national population statistics.
Historical Context
Tracking the aging population is crucial for Papua New Guinea as it plans social security, healthcare, and other public programs to support its elderly citizens.
Key Facts
- Papua New Guinea has a relatively young population compared to other countries.
- The percentage of the population aged 65+ has slowly increased over the past decades.
- Improving healthcare access is a key challenge as Papua New Guinea's population ages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the total population in Papua New Guinea that is aged 65 and above.
Q: Why is this trend relevant for users or analysts?
A: Tracking the aging population is crucial for Papua New Guinea as it plans social security, healthcare, and other public programs to support its elderly citizens.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the World Bank based on official national population statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and development organizations use this data to analyze demographic trends and their economic implications for Papua New Guinea.
Q: Are there update delays or limitations?
A: The World Bank publishes this data with some delay, and it may not fully capture the most recent population changes in Papua New Guinea.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Papua New Guinea (SPPOP65UPTOZSPNG), retrieved from FRED.