Life Insurance Premium Volume to GDP for Mauritania
DDDI09MRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
226709.03%
Date Range
1/1/2003 - 1/1/2020
Summary
The 'Life Insurance Premium Volume to GDP for Mauritania' measures the ratio of life insurance premiums to the country's gross domestic product, providing insight into the development of the life insurance industry.
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 economic indicator represents the size of the life insurance market in Mauritania relative to the overall economy. It is used by policymakers and analysts to assess the level of financial sector development and the role of life insurance in the country's economic activities.
Methodology
The data is collected and calculated by the World Bank based on national accounts and insurance industry statistics.
Historical Context
This metric helps inform policy decisions and regulations related to the insurance industry and financial sector in Mauritania.
Key Facts
- Mauritania's life insurance premium volume was 0.23% of GDP in 2020.
- The life insurance industry in Mauritania is relatively small compared to other African countries.
- The ratio of life insurance premiums to GDP has remained relatively stable in Mauritania over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Life Insurance Premium Volume to GDP for Mauritania' measures the size of the life insurance market in Mauritania 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 level of financial sector development and the role of life insurance in Mauritania's economy, which is useful for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and insurance industry statistics.
Q: How is this trend used in economic policy?
A: This metric helps inform policy decisions and regulations related to the insurance industry and financial sector development in Mauritania.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be limited by the availability of national-level insurance and economic statistics in Mauritania.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Mauritania (DDDI09MRA156NWDB), retrieved from FRED.