Life Insurance Premium Volume to GDP for Argentina
DDDI09ARA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
-39.79%
Date Range
1/1/1990 - 1/1/2020
Summary
The 'Life Insurance Premium Volume to GDP for Argentina' trend measures the ratio of life insurance premiums to the country's total economic output. This metric provides insights into the importance of the life insurance industry within Argentina's broader economy.
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 size of Argentina's life insurance market relative to its overall GDP. It is used by economists and policymakers to gauge the depth and development of the country's insurance sector and its role in supporting long-term savings and financial stability.
Methodology
The data is calculated by the World Bank using official government sources and insurance industry reports.
Historical Context
Policymakers and analysts monitor this trend to assess Argentina's progress in expanding access to life insurance as part of broader efforts to promote financial inclusion and economic resilience.
Key Facts
- Argentina's life insurance premium volume was 3.1% of GDP in 2020.
- The ratio has fluctuated between 2-4% over the past decade.
- Latin America has lower life insurance penetration compared to developed markets.
FAQs
Q: What does this economic trend measure?
A: The 'Life Insurance Premium Volume to GDP for Argentina' measures the size of the country's life insurance market relative to its overall economic output or GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the importance of the life insurance industry within Argentina's broader economy and is used by economists and policymakers to gauge the depth and development of the country's insurance sector.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government sources and insurance industry reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess Argentina's progress in expanding access to life insurance as part of broader efforts to promote financial inclusion and economic resilience.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, so the most recent figures may not reflect the latest economic conditions.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Argentina (DDDI09ARA156NWDB), retrieved from FRED.