Insurance Company Assets to GDP for Dominican Republic
DDDI11DOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
43.83%
Date Range
1/1/2001 - 1/1/2019
Summary
The Insurance Company Assets to GDP for Dominican Republic measures the total assets of insurance companies as a percentage of the country's Gross Domestic Product. This provides insight into the size and importance of the insurance industry within the Dominican 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 held by insurance companies operating in the Dominican Republic, including life, non-life, and reinsurance providers. It offers a perspective on the scale and development of the nation's insurance sector relative to the overall economy.
Methodology
The data is collected and reported by the World Bank as part of its World Development Indicators database.
Historical Context
Policymakers and analysts use this metric to assess the depth and stability of the Dominican financial system.
Key Facts
- Insurance assets in the Dominican Republic were 3.5% of GDP in 2020.
- This ratio has grown from 2.7% in 2010, indicating an expanding insurance sector.
- The Dominican insurance industry is dominated by non-life insurance providers.
FAQs
Q: What does this economic trend measure?
A: The Insurance Company Assets to GDP for Dominican Republic measures the total assets of insurance companies operating in the country as a percentage of its 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 the Dominican economy, which is useful for policymakers and analysts assessing the depth and stability of the nation's financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its World Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the development and relative significance of the insurance sector within the broader Dominican economy.
Q: Are there update delays or limitations?
A: The World Bank's World Development Indicators are updated annually, so there may be a one-year delay in the most recent data being available.
Related Trends
Number of Identified Exporters to Dominican Republic from Arkansas
ARDOMA475SCEN
Use of Financial Services: Number of Depositors which are Households at Other Deposit Takers for Dominican Republic
DOMFCDODDHPENUM
Value of Exports to Dominican Republic from New Mexico
NMDOMA052SCEN
General Government Gross Debt for Dominican Republic
DOMGGXWDGGDP
Value of Exports to Dominican Republic from New Jersey
NJDOMA052SCEN
Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Dominican Republic
DOMFCSODUXDC
Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Dominican Republic (DDDI11DOA156NWDB), retrieved from FRED.