Life Insurance Premium Volume to GDP for Portugal
DDDI09PTA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.23
Year-over-Year Change
-62.81%
Date Range
1/1/1994 - 1/1/2020
Summary
The 'Life Insurance Premium Volume to GDP for Portugal' metric measures the ratio of life insurance premiums to the country's gross domestic product. This trend provides insights into the size and importance of the life insurance industry within the Portuguese 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 series tracks the total value of life insurance premiums as a percentage of Portugal's GDP. It serves as an indicator of the financial development and depth of the country's life insurance market. Economists and policymakers analyze this metric to assess the role of the life insurance sector in capital formation and risk management.
Methodology
The data is collected and calculated by the World Bank based on national accounts and insurance industry statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the integration of the life insurance industry within the broader Portuguese financial system and its contribution to economic growth.
Key Facts
- Portugal's life insurance premium volume was 6.1% of GDP in 2020.
- The life insurance industry in Portugal has grown steadily over the past decade.
- Portugal has one of the highest life insurance penetration rates in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of life insurance premiums in Portugal as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the size and importance of the life insurance industry within the Portuguese economy, which is relevant for evaluating financial development and the role of the insurance sector in capital formation and risk management.
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: Policymakers and analysts use this metric to evaluate the integration of the life insurance industry within the broader Portuguese financial system and its contribution to economic growth.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with some potential for delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Portugal (DDDI09PTA156NWDB), retrieved from FRED.