Life Insurance Premium Volume to GDP for Sweden
DDDI09SEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.79
Year-over-Year Change
18.64%
Date Range
1/1/1990 - 1/1/2019
Summary
The Life Insurance Premium Volume to GDP for Sweden measures the ratio of premiums paid for life insurance policies to the country's gross domestic product. This metric provides insight into the depth and development of the life insurance market.
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 represents the size of the life insurance industry relative to the overall Swedish economy. It is used by economists and policymakers to assess the financial system's level of intermediation and the insurance sector's contribution to economic growth.
Methodology
The data is calculated by dividing the total value of life insurance premiums by the country's GDP.
Historical Context
This trend is relevant for analyzing the maturity and penetration of the insurance industry, as well as the financial sector's role in mobilizing savings and managing risks.
Key Facts
- The ratio reached a high of 4.74% in 2019.
- Sweden has one of the most developed life insurance markets in Europe.
- The ratio declined during the COVID-19 pandemic, reflecting economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: The Life Insurance Premium Volume to GDP for Sweden measures the size of the life insurance industry relative to the overall Swedish economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and development of the life insurance market, which is important for assessing the financial system's level of intermediation and the insurance sector's contribution to economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by dividing the total value of life insurance premiums by the country's GDP.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the maturity and penetration of the insurance industry, as well as the financial sector's role in mobilizing savings and managing risks.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the underlying sources.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Sweden (DDDI09SEA156NWDB), retrieved from FRED.