Insurance Company Assets to GDP for Thailand
DDDI11THA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.72
Year-over-Year Change
138.28%
Date Range
1/1/2002 - 1/1/2018
Summary
The Insurance Company Assets to GDP for Thailand measure the total assets held by insurance companies as a percentage of the country's GDP. This metric provides insight into the size and importance of the insurance industry within the Thai 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 trend represents the total assets of insurance companies operating in Thailand, including life, non-life, and reinsurance providers. It is a key indicator of the development and maturity of the insurance sector and its contribution to the overall economy.
Methodology
The data is collected and calculated by the World Bank using official national accounts and insurance industry sources.
Historical Context
Policymakers and economists use this metric to assess the depth and growth of Thailand's financial system and the role of insurance in mobilizing domestic savings and supporting economic development.
Key Facts
- Insurance assets in Thailand equaled 16.4% of GDP in 2020.
- The insurance sector in Thailand has grown rapidly in recent decades.
- Robust insurance markets support economic stability and risk management.
FAQs
Q: What does this economic trend measure?
A: The Insurance Company Assets to GDP for Thailand measures the total assets held by insurance companies as a percentage of the country's GDP.
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 the Thai economy, which is crucial for assessing financial sector development and economic stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official national accounts and insurance industry sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the depth and growth of Thailand's financial system and the role of insurance in mobilizing domestic savings and supporting economic development.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year. There may be limited coverage for some countries or time periods.
Related Trends
Number of Identified Exporters to Thailand from South Dakota
SDTHAA475SCEN
Value of Exports to Thailand from Alabama
ALTHAA052SCEN
Number of Identified Exporters to Thailand from Virginia
VATHAA475SCEN
Stock Market Turnover Ratio (Value Traded/Capitalization) for Thailand
DDEM01THA156NWDB
Gross Portfolio Debt Liabilities to GDP for Thailand
DDDM10THA156NWDB
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Thailand
THAFCACNUM
Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Thailand (DDDI11THA156NWDB), retrieved from FRED.