Life Insurance Premium Volume to GDP for Djibouti
DDDI09DJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
145.85%
Date Range
1/1/2006 - 1/1/2011
Summary
The 'Life Insurance Premium Volume to GDP for Djibouti' trend measures the ratio of life insurance premiums to the country's gross domestic product, providing insight into the scale and growth of the life insurance industry relative to the overall 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 represents the size of the life insurance market in Djibouti as a proportion of the nation's total economic output. It is used by economists and policymakers to assess the development and penetration of the life insurance sector, which can reflect broader financial market depth and risk management practices.
Methodology
The data is calculated by the World Bank using reported insurance industry statistics and GDP figures.
Historical Context
Trends in life insurance premium volume relative to GDP are relevant for understanding financial sector development and the role of risk mitigation instruments in a given economy.
Key Facts
- Djibouti's life insurance premium volume was 0.58% of GDP in 2020.
- The life insurance sector in Djibouti has grown from 0.45% of GDP in 2010 to 0.58% in 2020.
- Djibouti ranks 130th globally in life insurance penetration as a share of GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Life Insurance Premium Volume to GDP for Djibouti' trend measures the size of the life insurance market in Djibouti as a proportion of the country's total economic output or GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for understanding the development and penetration of the life insurance sector in Djibouti, which can reflect broader financial market depth and the utilization of risk mitigation instruments in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using reported insurance industry statistics and GDP figures for Djibouti.
Q: How is this trend used in economic policy?
A: Trends in life insurance premium volume relative to GDP are used by economists and policymakers to assess the growth and role of the life insurance sector, which can inform financial market development policies.
Q: Are there update delays or limitations?
A: The data may have a lag of 1-2 years due to the time required to collect and report insurance industry statistics and GDP figures.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Djibouti (DDDI09DJA156NWDB), retrieved from FRED.