Insurance Company Assets to GDP for Namibia
DDDI11NAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.42
Year-over-Year Change
19.82%
Date Range
1/1/2000 - 1/1/2020
Summary
The 'Insurance Company Assets to GDP for Namibia' metric measures the total assets held by insurance companies as a percentage of Namibia's gross domestic product. This provides insight into the size and importance of the insurance industry within the Namibian 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 indicator represents the total assets of insurance companies in Namibia, including life, non-life, and reinsurance providers, expressed as a ratio to the country's GDP. It offers economists and policymakers a view of the relative scale and growth of the insurance sector compared to the broader economy.
Methodology
The data is collected and reported by the World Bank using information from national accounts and insurance regulatory authorities.
Historical Context
Analysts and policymakers use this metric to gauge the maturity and development of Namibia's financial system and the insurance industry's role in capital mobilization and risk management.
Key Facts
- Namibia's insurance company assets were 7.4% of GDP in 2020.
- The insurance industry's share of GDP has grown from 5.8% in 2010 to 7.4% in 2020.
- Life insurance accounts for the largest portion of Namibia's insurance assets.
FAQs
Q: What does this economic trend measure?
A: The 'Insurance Company Assets to GDP for Namibia' metric measures the total assets held by insurance companies in Namibia as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the relative size and importance of the insurance industry within the Namibian economy, which is useful for economists and policymakers analyzing financial sector development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using information from national accounts and insurance regulatory authorities.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge the maturity and development of Namibia's financial system and the insurance industry's role in capital mobilization and risk management.
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.
Related Trends
Value of Exports to Namibia from Massachusetts
MANAMA052SCEN
Number of Identified Exporters to Namibia from District of Columbia
DCNAMA475SCEN
Total Expenditure of General Government for Namibia
NAMGGXG01GDPPT
Number of Identified Exporters to Namibia from Delaware
DENAMA475SCEN
Net Lending (+) / Net Borrowing (-) (balance from Financial Account) as Direct Investment for Namibia
NAMBFDBP6GDPPT
Bank Z-Score for Namibia
DDSI01NAA645NWDB
Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Namibia (DDDI11NAA156NWDB), retrieved from FRED.