Insurance Company Assets to GDP for Bulgaria
DDDI11BGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.75
Year-over-Year Change
64.28%
Date Range
1/1/1999 - 1/1/2020
Summary
The 'Insurance Company Assets to GDP for Bulgaria' tracks the ratio of total assets held by insurance companies in Bulgaria to the country's gross domestic product. This metric is an important indicator of the relative size and importance of the insurance industry within Bulgaria's 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 economic trend represents the total assets of insurance companies in Bulgaria as a percentage of the country's GDP. It provides insight into the scale and development of the insurance sector, which is a crucial component of a nation's financial system and overall economic stability.
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 trend to assess the growth and maturity of Bulgaria's insurance industry and its contribution to the broader economy.
Key Facts
- The insurance industry's assets equaled 8.5% of Bulgaria's GDP in 2020.
- Bulgaria's insurance assets to GDP ratio has grown steadily since the early 2000s.
- The insurance sector plays a significant role in mobilizing domestic savings and financing investment in Bulgaria.
FAQs
Q: What does this economic trend measure?
A: The 'Insurance Company Assets to GDP for Bulgaria' measures the total assets held by insurance companies in Bulgaria as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the relative size and importance of the insurance industry within Bulgaria's economy, which is a key indicator of financial sector development and economic stability.
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 trend to assess the growth and maturity of Bulgaria's insurance industry and its contribution to the broader economy, which informs financial sector policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available. Additionally, the reliability of the data depends on the quality of national reporting by Bulgaria.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Bulgaria (DDDI11BGA156NWDB), retrieved from FRED.