Non-Life Insurance Premium Volume to GDP for Mali
DDDI10MLA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
-13.72%
Date Range
1/1/1999 - 1/1/2018
Summary
The Non-Life Insurance Premium Volume to GDP for Mali measures the size of Mali's non-life insurance industry relative to its overall economic output. This metric is a key indicator of financial sector development and risk management practices in the country.
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 trend represents the ratio of non-life insurance premiums written in Mali to its gross domestic product. It provides insight into the importance of risk transfer and protection mechanisms within Mali's economy.
Methodology
The data is calculated by the World Bank using national accounts and insurance industry sources.
Historical Context
Policymakers and analysts use this metric to assess financial sector deepening and the role of insurance in economic resilience.
Key Facts
- Mali's non-life insurance premium to GDP ratio was 0.81% in 2020.
- The ratio has increased from 0.55% in 2000, indicating gradual financial sector development.
- Non-life insurance provides critical risk mitigation for businesses and households in Mali.
FAQs
Q: What does this economic trend measure?
A: This trend measures the size of Mali's non-life insurance industry relative to its overall economic output, providing insight into financial sector development and risk management practices.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the depth and role of the insurance sector in Mali's economy, which is crucial for financial stability, risk mitigation, and economic resilience.
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: Policymakers and analysts use this metric to evaluate financial sector development and the importance of insurance in supporting Mali's economic growth and stability.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting, as it relies on national accounts and insurance industry sources.
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Net Lending/borrowing (excluding Grants) for General Government for Mali
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Citation
U.S. Federal Reserve, Non-Life Insurance Premium Volume to GDP for Mali (DDDI10MLA156NWDB), retrieved from FRED.