Insurance Company Assets to GDP for the Plurinational State of Bolivia
DDDI11BOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.74
Year-over-Year Change
-30.19%
Date Range
1/1/2001 - 1/1/2019
Summary
This economic trend measures the ratio of insurance company assets to the gross domestic product (GDP) of Bolivia. It provides insight into the size and importance of the insurance industry within the Bolivian 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 is a key indicator of the development and financial depth of a country's insurance sector. It reflects the relative size and role of insurance companies in the overall economy.
Methodology
The data is calculated by the World Bank using information on insurance company assets and GDP.
Historical Context
This trend is monitored by policymakers, analysts, and investors to assess the maturity and growth potential of Bolivia's insurance market.
Key Facts
- Bolivia's insurance company assets to GDP ratio was 3.2% in 2020.
- The ratio has grown from 2.5% in 2010, indicating expanding insurance industry.
- Bolivia has one of the lowest insurance penetration rates in Latin America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of insurance company assets to the gross domestic product (GDP) of Bolivia, providing insight into the relative size and importance of the insurance industry in the Bolivian economy.
Q: Why is this trend relevant for users or analysts?
A: The insurance company assets to GDP ratio is a key indicator of the development and financial depth of a country's insurance sector, reflecting its maturity and growth potential. This is relevant for policymakers, analysts, and investors interested in the Bolivian insurance market.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information on insurance company assets and GDP.
Q: How is this trend used in economic policy?
A: This trend is monitored by policymakers, analysts, and investors to assess the state and growth potential of Bolivia's insurance industry, which is important for financial sector development and economic stability.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to two years in the most recent figures being available.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for the Plurinational State of Bolivia (DDDI11BOA156NWDB), retrieved from FRED.