Non-Life Insurance Premium Volume to GDP for Sweden
DDDI10SEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.52
Year-over-Year Change
-4.13%
Date Range
1/1/1991 - 1/1/2019
Summary
The Non-Life Insurance Premium Volume to GDP for Sweden measures the ratio of non-life insurance premiums to the country's gross domestic product. This metric provides insights into the size and importance of the non-life insurance industry within Sweden's 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
This trend represents the total value of non-life insurance premiums, such as property, liability, and accident coverage, as a percentage of Sweden's GDP. It is used by economists and policymakers to analyze the development and penetration of the non-life insurance sector and its contribution to the broader economic landscape.
Methodology
The data is collected and calculated by the World Bank using official national accounts and insurance industry sources.
Historical Context
This trend is relevant for understanding the growth and competitiveness of Sweden's insurance markets and can inform policy decisions related to the financial services sector.
Key Facts
- The non-life insurance premium volume in Sweden was 2.9% of GDP in 2020.
- Sweden's non-life insurance sector has grown steadily over the past decade.
- The non-life insurance industry plays a significant role in Sweden's financial services landscape.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of non-life insurance premiums to the gross domestic product of Sweden, providing insights into the size and importance of the non-life insurance industry within the country's overall economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the growth and competitiveness of Sweden's insurance markets, which can inform policy decisions related to the financial services sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official national accounts and insurance industry sources.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the development and penetration of the non-life insurance sector and its contribution to the broader economic landscape in Sweden.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Non-Life Insurance Premium Volume to GDP for Sweden (DDDI10SEA156NWDB), retrieved from FRED.