Insurance Company Assets to GDP for Senegal
DDDI11SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.32
Year-over-Year Change
87.06%
Date Range
1/1/2002 - 1/1/2018
Summary
The Insurance Company Assets to GDP for Senegal measures the total assets held by insurance companies in Senegal as a percentage of the country's Gross Domestic Product. This metric provides insight into the size and importance of the insurance industry within Senegal'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
This economic indicator tracks the value of assets owned by insurance companies operating in Senegal, including life, non-life, and reinsurance firms. It is used by economists and policymakers to assess the depth and development of Senegal's financial sector and the role of insurance in economic activities.
Methodology
The data is collected and reported by the World Bank based on national accounts and insurance industry statistics.
Historical Context
Monitoring the Insurance Company Assets to GDP ratio helps inform financial regulations and policies aimed at promoting a robust insurance market in Senegal.
Key Facts
- Senegal's Insurance Company Assets to GDP ratio was 2.4% in 2020.
- The insurance industry in Senegal has grown steadily in recent years.
- Expanding insurance coverage is a key policy goal for economic growth in Senegal.
FAQs
Q: What does this economic trend measure?
A: The Insurance Company Assets to GDP for Senegal measures the total assets held by insurance companies in Senegal as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and importance of the insurance industry within Senegal's economy, which is useful for economists and policymakers assessing financial sector development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national accounts and insurance industry statistics.
Q: How is this trend used in economic policy?
A: Monitoring the Insurance Company Assets to GDP ratio helps inform financial regulations and policies aimed at promoting a robust insurance market in Senegal.
Q: Are there update delays or limitations?
A: The data may have update delays or limitations typical of international statistical reporting.
Related Trends
Number of Identified Exporters to Senegal from Connecticut
CTSENA475SCEN
Number of Identified Exporters to Senegal from Virginia
VASENA475SCEN
Value of Exports to Senegal from Delaware
DESENA052SCEN
U.S. Imports of Goods by Customs Basis from Senegal
IMP7440
Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Senegal
SENFCBODMFNUM
Infant Mortality Rate for Senegal
SPDYNIMRTINSEN
Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Senegal (DDDI11SNA156NWDB), retrieved from FRED.