Life Insurance Premium Volume to GDP for Tajikistan
DDDI09TJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-86.25%
Date Range
1/1/2006 - 1/1/2013
Summary
The Life Insurance Premium Volume to GDP for Tajikistan measures the ratio of life insurance premiums to the country's gross domestic product, providing insight into the scale and importance of the life insurance industry in the Tajik 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 indicator represents the size of the life insurance market relative to the overall economic activity in Tajikistan. It is used by economists and policymakers to gauge the financial development and risk management practices within the country.
Methodology
The data is collected and calculated by the World Bank using information reported by national insurance regulators and statistical agencies.
Historical Context
This metric is relevant for understanding the financial sector's role in Tajikistan's economic growth and stability.
Key Facts
- Life insurance premiums in Tajikistan were 0.13% of GDP in 2020.
- The life insurance market in Tajikistan is underdeveloped compared to other Central Asian economies.
- Increasing life insurance penetration is a policy goal to improve financial inclusion and resilience in Tajikistan.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the size of the life insurance industry in Tajikistan relative to the country's overall economic output or GDP.
Q: Why is this trend relevant for users or analysts?
A: The life insurance premium to GDP ratio provides insight into the financial development and risk management practices within Tajikistan's economy.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data using information reported by Tajikistan's national insurance regulators and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers in Tajikistan monitor this metric to gauge the role of the financial sector in supporting economic growth and stability, and to inform policies aimed at improving financial inclusion and resilience.
Q: Are there update delays or limitations?
A: There may be delays in data reporting from national sources, and the metric does not capture the full scope of insurance activity in the informal sector.
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Citation
U.S. Federal Reserve, Life Insurance Premium Volume to GDP for Tajikistan (DDDI09TJA156NWDB), retrieved from FRED.