Non-Life Insurance Premium Volume to GDP for El Salvador
DDDI10SVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.32
Year-over-Year Change
-28.35%
Date Range
1/1/1990 - 1/1/2020
Summary
The 'Non-Life Insurance Premium Volume to GDP for El Salvador' metric measures the relative size of the country's non-life insurance industry compared to its overall economic output. This provides insight into the development and penetration of the insurance sector.
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 ratio of non-life insurance premiums to gross domestic product (GDP) in El Salvador. It is used to assess the maturity and importance of the non-life insurance industry within the broader economy.
Methodology
The data is collected and calculated by the World Bank using national accounts and insurance industry information.
Historical Context
Policymakers and analysts use this metric to evaluate the role of insurance in economic development and financial system stability.
Key Facts
- The non-life insurance premium to GDP ratio in El Salvador was 1.7% in 2020.
- This indicator has remained relatively stable in El Salvador over the past decade.
- Emerging markets typically have lower non-life insurance penetration compared to developed economies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the size of the non-life insurance industry in El Salvador relative to the country's overall economic output, as represented by its GDP.
Q: Why is this trend relevant for users or analysts?
A: The non-life insurance premium to GDP ratio provides insight into the development and importance of the insurance sector within El Salvador's economy, which is a key indicator of financial system maturity and stability.
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 information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the role of insurance in supporting economic development and financial system stability in El Salvador.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, typically 1-2 years after the reference year.
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Citation
U.S. Federal Reserve, Non-Life Insurance Premium Volume to GDP for El Salvador (DDDI10SVA156NWDB), retrieved from FRED.