Insurance Company Assets to GDP for Russian Federation
DDDI11RUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.17
Year-over-Year Change
77.14%
Date Range
1/1/2005 - 1/1/2020
Summary
This economic trend measures the ratio of insurance company assets to the gross domestic product (GDP) of the Russian Federation. It provides insights into the size and importance of the insurance industry relative to the overall 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 growth of the insurance sector in a country. It reflects the accumulation of insurance-related assets and their significance within the broader economic landscape.
Methodology
The data is collected and calculated by the World Bank based on official national accounts and insurance industry statistics.
Historical Context
This trend is used by policymakers, analysts, and investors to assess the financial depth and stability of the Russian insurance market.
Key Facts
- Insurance company assets in Russia were 6.3% of GDP in 2020.
- The ratio has steadily increased from 3.4% in 2000, indicating growth in the insurance sector.
- Russia's insurance company assets to GDP ratio is lower than the global average of around 10%.
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 the Russian Federation, providing insights into the size and importance of the insurance industry relative to the overall 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 growth of the insurance sector in a country, and it is used by policymakers, analysts, and investors to assess the financial depth and stability of the Russian insurance market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national accounts and insurance industry statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and investors to assess the financial depth and stability of the Russian insurance market, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in reporting due to the time required to collect and process the information from national sources.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Russian Federation (DDDI11RUA156NWDB), retrieved from FRED.