Insurance Company Assets to GDP for Brunei Darussalam
DDDI11BNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.46
Year-over-Year Change
28.69%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic indicator measures the ratio of insurance company assets to the gross domestic product (GDP) of Brunei Darussalam. It provides insight into the relative size and importance of the insurance industry within the country'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
The insurance company assets to GDP ratio represents the total assets held by insurance companies in Brunei Darussalam as a percentage of the country's GDP. This metric is used to assess the development and financial depth of the insurance sector and its contribution to overall economic activity.
Methodology
The data is collected and calculated by the World Bank using national accounts and insurance industry sources.
Historical Context
Policymakers and analysts use this indicator to evaluate the insurance industry's role in Brunei Darussalam's financial system and economic growth.
Key Facts
- The ratio ranged from 4.4% to 6.3% between 2010 and 2020.
- Brunei Darussalam has a relatively small but growing insurance industry.
- The insurance sector's assets account for a small portion of the country's overall economic output.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total assets held by insurance companies in Brunei Darussalam as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relative size and importance of the insurance industry within Brunei Darussalam's economy, which is useful for policymakers and analysts assessing the financial sector's 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 sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate the insurance industry's role in Brunei Darussalam's financial system and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of reporting from national sources.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Brunei Darussalam (DDDI11BNA156NWDB), retrieved from FRED.