Life Insurance Premium Volume to GDP for the Plurinational State of Bolivia
DDDI09BOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
148.01%
Date Range
1/1/1990 - 1/1/2020
Summary
This economic trend measures the ratio of life insurance premium volume to GDP in Bolivia. It provides insights into the development and importance of the life insurance industry within the Bolivian 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 life insurance premium volume to GDP ratio is a key indicator of the size and relative significance of the life insurance sector in a country's economy. It can help analysts and policymakers understand the level of financial intermediation and risk management practices in Bolivia.
Methodology
The data is calculated by the World Bank using national accounts and insurance industry sources.
Historical Context
This trend is useful for assessing the financial depth and risk diversification capabilities of the Bolivian economy.
Key Facts
- Bolivia's life insurance premium volume to GDP ratio was 0.80% in 2020.
- The ratio has increased from 0.51% in 2000, indicating growth in the life insurance sector.
- Bolivia's ratio is lower than the Latin American and Caribbean regional average of 2.98% (2020).
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of life insurance premium volume to GDP in Bolivia. It provides insights into the size and relative importance of the life insurance industry within the Bolivian economy.
Q: Why is this trend relevant for users or analysts?
A: The life insurance premium volume to GDP ratio is a key indicator of financial intermediation and risk management practices in a country. It helps analysts and policymakers understand the development and significance of the life insurance sector.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and insurance industry sources.
Q: How is this trend used in economic policy?
A: This trend is useful for assessing the financial depth and risk diversification capabilities of the Bolivian economy, which is relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data may have a lag of 1-2 years due to the time required for national data collection and compilation by the World Bank.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for the Plurinational State of Bolivia (DDDI09BOA156NWDB), retrieved from FRED.