Life Insurance Premium Volume to GDP for Kyrgyzstan
DDDI09KGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-97.99%
Date Range
1/1/2004 - 1/1/2010
Summary
This economic trend measures the volume of life insurance premiums as a percentage of GDP in Kyrgyzstan. It provides insight into the size 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
The life insurance premium volume to GDP ratio is an important indicator of financial sector development and the insurance industry's role in the broader economy. Analysts use this metric to assess the level of insurance market penetration and financial inclusion in Kyrgyzstan.
Methodology
The data is collected and calculated by the World Bank based on national accounts and insurance industry statistics.
Historical Context
Policymakers and economists monitor this trend to understand how the insurance sector is evolving and contributing to economic stability and household risk management.
Key Facts
- Kyrgyzstan's life insurance premium volume was 0.13% of GDP in 2020.
- The ratio has grown from 0.07% in 2010, indicating gradual development of the insurance industry.
- Life insurance is an important component of financial inclusion and risk management for households.
FAQs
Q: What does this economic trend measure?
A: This metric measures the volume of life insurance premiums as a percentage of GDP in Kyrgyzstan, providing insight into the size and growth of the life insurance industry relative to the overall economy.
Q: Why is this trend relevant for users or analysts?
A: The life insurance premium volume to GDP ratio is an important indicator of financial sector development and the insurance industry's role in the broader economy. Analysts use this metric to assess the level of insurance market penetration and financial inclusion in Kyrgyzstan.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and insurance industry statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand how the insurance sector is evolving and contributing to economic stability and household risk management.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limitations inherent in national accounts and insurance industry reporting.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Kyrgyzstan (DDDI09KGA156NWDB), retrieved from FRED.