Non-Life Insurance Premium Volume to GDP for Morocco
DDDI10MAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.85
Year-over-Year Change
22.93%
Date Range
1/1/1990 - 1/1/2020
Summary
The 'Non-Life Insurance Premium Volume to GDP for Morocco' trend measures the size of Morocco's non-life insurance industry relative to its overall economic output.
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 value of non-life insurance premiums (such as for property, casualty, and liability coverage) as a percentage of Morocco's gross domestic product. It provides insight into the development and penetration of the insurance sector within the Moroccan economy.
Methodology
The data is collected and reported by the World Bank based on national accounts statistics.
Historical Context
This metric is used by policymakers and analysts to assess the maturity and growth potential of Morocco's insurance market.
Key Facts
- Morocco's non-life insurance premiums equaled 2.7% of GDP in 2020.
- The non-life insurance sector has grown steadily in Morocco over the past decade.
- Insurance penetration remains relatively low compared to developed economies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the size of Morocco's non-life insurance industry (such as property, casualty, and liability coverage) relative to its overall GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the development and penetration of the insurance sector within the Moroccan economy, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the maturity and growth potential of Morocco's insurance market.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Non-Life Insurance Premium Volume to GDP for Morocco (DDDI10MAA156NWDB), retrieved from FRED.