Insurance Company Assets to GDP for Argentina
DDDI11ARA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.98
Year-over-Year Change
130.51%
Date Range
1/1/2003 - 1/1/2020
Summary
The Insurance Company Assets to GDP for Argentina metric measures the total assets held by insurance companies as a percentage of the country's gross domestic product. This indicator provides insight into the size and importance of the insurance industry within the broader Argentine 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 Insurance Company Assets to GDP ratio represents the total assets of insurance companies, including life, non-life, and reinsurance providers, relative to the country's GDP. This metric is used by economists and policymakers to assess the development and financial depth of the insurance sector, which plays a crucial role in risk management and mobilizing long-term savings.
Methodology
The data is collected by the World Bank from official national sources and calculated as the total assets of insurance companies divided by the country's GDP.
Historical Context
This indicator is relevant for understanding the role of the insurance industry in Argentina's financial system and economic growth.
Key Facts
- Argentina's insurance company assets equal 5.5% of its GDP as of the latest data.
- The insurance industry's share of GDP has grown steadily in Argentina over the past decade.
- Argentina ranks in the middle-income range globally for insurance sector development.
FAQs
Q: What does this economic trend measure?
A: The Insurance Company Assets to GDP for Argentina metric measures the total assets held by insurance companies as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and importance of the insurance industry within the broader Argentine economy, which is relevant for understanding financial sector development and risk management.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official national sources and calculated as the total assets of insurance companies divided by the country's GDP.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and economists seeking to understand the role of the insurance industry in Argentina's financial system and economic growth.
Q: Are there update delays or limitations?
A: The data may have a delay of up to a year or more in availability due to the time required for national reporting and compilation by the World Bank.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Argentina (DDDI11ARA156NWDB), retrieved from FRED.