Insurance Company Assets to GDP for Panama
DDDI11PAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.67
Year-over-Year Change
46.43%
Date Range
1/1/2002 - 1/1/2020
Summary
This economic trend measures the ratio of insurance company assets to the gross domestic product (GDP) of Panama. It provides insight into the relative size and importance of the insurance industry within the Panamanian 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 depth of the insurance sector in a country. It helps economists and policymakers assess the contribution of the insurance industry to economic growth and financial stability.
Methodology
The data is calculated by the World Bank using national accounts and insurance industry statistics.
Historical Context
This trend is used by analysts to evaluate the financial sector development and risk diversification in Panama.
Key Facts
- Panama's insurance company assets to GDP ratio was 10.1% in 2020.
- The ratio has increased from 6.4% in 2000, indicating growth in the insurance sector.
- The insurance industry contributes around 2% to Panama's GDP.
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 Panama. It provides insight into the relative size and importance of the insurance industry within the Panamanian 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 depth of the insurance sector in a country. It helps economists and policymakers assess the contribution of the insurance industry to economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and insurance industry statistics.
Q: How is this trend used in economic policy?
A: This trend is used by analysts to evaluate the financial sector development and risk diversification in Panama.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and may have a delay of several months to a year.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Panama (DDDI11PAA156NWDB), retrieved from FRED.