Non-Life Insurance Premium Volume to GDP for France
DDDI10FRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.45
Year-over-Year Change
8.89%
Date Range
1/1/1990 - 1/1/2020
Summary
This economic trend measures the ratio of non-life insurance premiums to GDP in France. It provides insights into the relative size and importance of the non-life insurance industry within the French 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 non-life insurance premium volume to GDP ratio tracks the value of non-life insurance premiums (such as for property, liability, and accident coverage) as a percentage of the country's total economic output. This metric is used to assess the development and penetration of the non-life insurance sector in France.
Methodology
The data is collected and calculated by the World Bank using official insurance industry and GDP statistics.
Historical Context
This trend is monitored by economists, policymakers, and insurance industry analysts to understand the role of non-life insurance in the French financial system and broader economy.
Key Facts
- France's non-life insurance premium to GDP ratio was 3.1% in 2021.
- The ratio has remained relatively stable over the past decade.
- Non-life insurance is an important part of the French financial services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of non-life insurance premiums to GDP in France. It provides insights into the relative size and importance of the non-life insurance industry within the French economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and insurance industry analysts to understand the development and penetration of the non-life insurance sector in France and its role in the broader financial system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official insurance industry and GDP statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to monitor the health and performance of the non-life insurance industry, which is an important part of the French financial services sector.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Non-Life Insurance Premium Volume to GDP for France (DDDI10FRA156NWDB), retrieved from FRED.