Non-Life Insurance Premium Volume to GDP for Mozambique
DDDI10MZA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
110.09%
Date Range
1/1/1991 - 1/1/2020
Summary
The 'Non-Life Insurance Premium Volume to GDP for Mozambique' trend measures the ratio of non-life insurance premiums to the country's gross domestic product, providing insights into the relative size and importance of the non-life insurance sector.
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 total value of non-life insurance premiums, such as property, liability, and accident insurance, as a proportion of Mozambique's GDP. It is used to analyze the development and penetration of the insurance industry within the broader economy.
Methodology
The data is collected and calculated by the World Bank using national accounts and insurance industry statistics.
Historical Context
This trend is relevant for policymakers, investors, and analysts seeking to understand the financial services landscape and risk management practices in Mozambique.
Key Facts
- Non-life insurance premiums account for around 1% of Mozambique's GDP.
- The non-life insurance sector has seen steady growth in recent years.
- Mozambique's non-life insurance penetration rate is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of non-life insurance premiums to the gross domestic product of Mozambique, providing insight into the relative size and importance of the country's non-life insurance sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, investors, and analysts as it offers insights into the development and penetration of the insurance industry within Mozambique's broader economy, which is crucial for understanding risk management practices and financial services development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and insurance industry statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, regulators, and industry analysts to assess the growth and contribution of the non-life insurance sector, which can inform policy decisions and investments aimed at strengthening the financial services industry in Mozambique.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank, and there can be delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Non-Life Insurance Premium Volume to GDP for Mozambique (DDDI10MZA156NWDB), retrieved from FRED.