Life Insurance Premium Volume to GDP for France
DDDI09FRA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.29
Year-over-Year Change
-13.86%
Date Range
1/1/1991 - 1/1/2020
Summary
The 'Life Insurance Premium Volume to GDP for France' trend measures the ratio of life insurance premiums to the country's gross domestic product, providing insight into the relative size and importance of the life insurance industry.
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 life insurance premiums in France as a percentage of its GDP, offering a gauge of the life insurance sector's contribution to the overall economy. It is used by economists and policymakers to analyze the financial services industry and monitor trends in household savings and risk management.
Methodology
The data is collected by the World Bank from national accounts and insurance industry sources.
Historical Context
Policymakers and financial analysts use this metric to assess the development and penetration of the life insurance market.
Key Facts
- France's life insurance premium-to-GDP ratio was 8.7% in 2021.
- The ratio peaked at 10.7% in 2007 before declining during the global financial crisis.
- Life insurance is a significant component of France's financial services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of life insurance premiums to the gross domestic product (GDP) in France, providing insight into the relative size and importance of the life insurance industry in the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for economists, policymakers, and financial analysts as it offers a gauge of the development and penetration of the life insurance market, which is an important component of the financial services industry and household finance.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national accounts and insurance industry sources.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to assess the growth and maturity of the life insurance market, which can inform policies and regulations related to the financial services industry and household financial security.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in the accuracy or completeness of the information collected from various national sources.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for France (DDDI09FRA156NWDB), retrieved from FRED.