Insurance Company Assets to GDP for Costa Rica
DDDI11CRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.10
Year-over-Year Change
296.66%
Date Range
1/1/2003 - 1/1/2020
Summary
This economic trend measures the ratio of insurance company assets to Costa Rica's GDP, providing insights into the 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 for Costa Rica ratio indicates the scale of the insurance sector relative to the overall economy. It is used by economists and policymakers to assess the development and role of the insurance industry in Costa Rica's financial system.
Methodology
The data is calculated by the World Bank using information on insurance company assets and GDP reported by the Costa Rican government.
Historical Context
This metric helps inform policy decisions and market analysis related to financial sector growth and stability in Costa Rica.
Key Facts
- Insurance company assets in Costa Rica were 12.3% of GDP in 2020.
- The insurance industry's share of GDP has grown from 8.3% in 2000 to 12.3% in 2020.
- Costa Rica has one of the largest insurance sectors relative to GDP in Central 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 Costa Rica, providing insight into the size and importance of the insurance industry within the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for economists, policymakers, and financial analysts as it helps assess the development and role of the insurance industry in Costa Rica's financial system and overall economic growth.
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 reported by the Costa Rican government.
Q: How is this trend used in economic policy?
A: This trend informs policy decisions and market analysis related to financial sector growth and stability in Costa Rica, as it provides insights into the scale and significance of the insurance industry within the country's economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of several months between the end of the reference year and the data release.
Related Trends
Consumer Price Index: All Items: Total for Costa Rica
CRICPALTT01IXNBQ
Number of Identified Exporters to Costa Rica from South Carolina
SCCRIA475SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Costa Rica
CRICP030000IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Costa Rica
CRICPGRSE01GYM
Value of Exports to Costa Rica from Oklahoma
OKCRIA052SCEN
Value of Exports to Costa Rica from Missouri
MOCRIA052SCEN
Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Costa Rica (DDDI11CRA156NWDB), retrieved from FRED.