Pension Fund Assets to GDP for Albania
DDDI13ALA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
2270.30%
Date Range
1/1/2007 - 1/1/2020
Summary
The 'Pension Fund Assets to GDP for Albania' metric tracks the total assets held by pension funds as a percentage of Albania's gross domestic product (GDP). This indicator provides insight into the size and development of Albania's pension system.
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 'Pension Fund Assets to GDP' ratio measures the scale of a country's private pension system relative to the overall economy. It is an important indicator of a nation's progress in building robust retirement savings and insurance mechanisms.
Methodology
The data is collected and reported by the World Bank from national statistical agencies.
Historical Context
Policymakers and economists use this metric to assess the maturity and resilience of Albania's pension system and its ability to provide for aging populations.
Key Facts
- Albania's pension fund assets equaled 2.7% of GDP in 2020.
- The ratio has grown from 0.1% in 2000, indicating pension system expansion.
- Albania seeks to increase private pension coverage to supplement its state pension.
FAQs
Q: What does this economic trend measure?
A: The 'Pension Fund Assets to GDP for Albania' metric tracks the total assets held by Albania's pension funds as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and development of Albania's private pension system, which is important for assessing the country's progress in building robust retirement savings mechanisms.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank from Albania's national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the maturity and resilience of Albania's pension system and its ability to provide for the country's aging population.
Q: Are there update delays or limitations?
A: The World Bank updates this data annually, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Pension Fund Assets to GDP for Albania (DDDI13ALA156NWDB), retrieved from FRED.