Life Insurance Premium Volume to GDP for Morocco
DDDI09MAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
108.06%
Date Range
1/1/1990 - 1/1/2020
Summary
The Life Insurance Premium Volume to GDP for Morocco tracks the ratio of life insurance premium volume to the country's gross domestic product. This indicator provides insight into the development and importance of the life insurance industry within the Moroccan 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 for Morocco measures the total volume of life insurance premiums written in the country as a percentage of its GDP. This statistic is used by economists and policymakers to assess the penetration and maturity of the life insurance market and its role in financial intermediation and risk management within the broader economy.
Methodology
The data is collected and calculated by the World Bank using national accounts and insurance industry sources.
Historical Context
Monitoring this trend helps policymakers evaluate the depth and inclusiveness of the Moroccan financial sector.
Key Facts
- Morocco's life insurance premium volume was 2.7% of GDP in 2020.
- The life insurance industry in Morocco has grown significantly since the early 2000s.
- Increased life insurance penetration is associated with higher economic growth in developing countries.
FAQs
Q: What does this economic trend measure?
A: The Life Insurance Premium Volume to GDP for Morocco measures the total volume of life insurance premiums written in the country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the development and importance of the life insurance industry within the Moroccan economy, which is relevant for assessing financial sector depth and inclusiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and insurance industry sources.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps policymakers evaluate the depth and inclusiveness of the Moroccan financial sector and can inform policies to promote insurance market development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture informal or unregulated insurance activities.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Morocco (DDDI09MAA156NWDB), retrieved from FRED.