Insurance Company Assets to GDP for Mozambique
DDDI11MZA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
139.97%
Date Range
1/1/2005 - 1/1/2020
Summary
The Insurance Company Assets to GDP trend measures the total assets held by insurance companies as a percentage of a country's gross domestic product. This metric provides insights into the relative size and importance of the insurance industry within the broader 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 trend represents the total assets of insurance companies, including life, non-life, and reinsurance providers, as a share of the country's GDP. This ratio is a key indicator of the financial depth and development of the insurance sector, which plays a vital role in risk management, capital mobilization, and economic growth.
Methodology
The data is collected and calculated by the World Bank using national accounts and insurance industry statistics.
Historical Context
Policymakers and analysts use this trend to assess the insurance industry's contribution to economic stability and financial intermediation.
Key Facts
- Mozambique's insurance company assets to GDP ratio was 1.3% in 2020.
- The insurance industry's contribution to Mozambique's GDP has remained relatively stable over the past decade.
- Mozambique's insurance sector is small compared to other developing economies in the region.
FAQs
Q: What does this economic trend measure?
A: The Insurance Company Assets to GDP trend measures the total assets held by insurance companies as a percentage of a country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative size and importance of the insurance industry within the broader economy, which is crucial for understanding financial depth and economic 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 statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the insurance industry's contribution to economic stability and financial intermediation.
Q: Are there update delays or limitations?
A: The data may have update delays and may not capture all aspects of the insurance industry in some countries.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Mozambique (DDDI11MZA156NWDB), retrieved from FRED.