Population ages 65 and above for Samoa
SPPOP65UPTOZSWSM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.88
Year-over-Year Change
20.06%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic indicator tracks the percentage of Samoa's total population aged 65 and above. Understanding demographic trends is crucial for policymakers to plan public services and social 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
The Population ages 65 and above for Samoa metric represents the share of a country's total population that is 65 years old or older. This data provides insights into the aging of Samoa's population, which impacts economic and social dynamics.
Methodology
The data is collected through national census and household survey efforts coordinated by the World Bank.
Historical Context
Policymakers use this indicator to anticipate needs for healthcare, retirement, and other services supporting the elderly population.
Key Facts
- Samoa's 65+ population was 4.7% in 2021.
- The 65+ share has increased from 3.3% in 1960.
- Samoa has a younger population compared to other Pacific island nations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of Samoa's total population that is aged 65 and above.
Q: Why is this trend relevant for users or analysts?
A: Understanding demographic shifts, like an aging population, is crucial for policymakers to plan public services and social programs.
Q: How is this data collected or calculated?
A: The data is collected through national census and household survey efforts coordinated by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to anticipate needs for healthcare, retirement, and other services supporting the elderly population in Samoa.
Q: Are there update delays or limitations?
A: The data may have delays due to the time required for national census and survey collection efforts.
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Citation
U.S. Federal Reserve, Population ages 65 and above for Samoa (SPPOP65UPTOZSWSM), retrieved from FRED.