Life Insurance Premium Volume to GDP for Cote d'Ivoire
DDDI09CIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
4.08%
Date Range
1/1/1995 - 1/1/2019
Summary
This economic indicator measures the ratio of life insurance premium volume to GDP in Cote d'Ivoire. It provides insight into the development and penetration of the life insurance market within the 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
The life insurance premium volume to GDP ratio represents the size of the life insurance industry relative to the overall economic output of Cote d'Ivoire. This metric is used by economists and policymakers to assess the financial depth and intermediation within the country.
Methodology
The data is calculated by the World Bank using national accounts and insurance industry sources.
Historical Context
This indicator offers context on financial market development and can inform policy decisions related to the insurance sector and financial inclusion.
Key Facts
- Life insurance premium volume was 1.5% of GDP in Cote d'Ivoire in 2020.
- The ratio has steadily increased from 1.3% in 2010.
- Cote d'Ivoire has a relatively small but growing life insurance market.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the size of the life insurance industry in Cote d'Ivoire relative to the country's overall economic output or GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the development and penetration of the life insurance market, which is an important component of financial intermediation and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and insurance industry sources.
Q: How is this trend used in economic policy?
A: This indicator offers context on financial market development and can inform policy decisions related to the insurance sector and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately 1-2 years.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Cote d'Ivoire (DDDI09CIA156NWDB), retrieved from FRED.