Non-Life Insurance Premium Volume to GDP for Tunisia
DDDI10TNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.31
Year-over-Year Change
1.07%
Date Range
1/1/1991 - 1/1/2019
Summary
This economic trend measures the volume of non-life insurance premiums in Tunisia as a percentage of its gross domestic product (GDP). It provides insight into the size and growth of the insurance industry relative to the 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
The non-life insurance premium to GDP ratio is an important indicator of a country's insurance market development and the role of insurance in supporting economic activity. It reflects the penetration and utilization of non-life insurance products by businesses and households.
Methodology
The data is collected by the World Bank through national accounts and insurance industry sources.
Historical Context
Policymakers and analysts use this trend to assess the financial depth and stability of a country's insurance sector and its contribution to economic growth.
Key Facts
- Tunisia's non-life insurance premium to GDP ratio was 1.9% in 2020.
- The ratio has remained relatively stable over the past decade.
- Insurance penetration in Tunisia is lower compared to other North African countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of non-life insurance premiums in Tunisia as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The non-life insurance premium to GDP ratio provides insights into the size and growth of the insurance industry relative to the overall economy, which is important for assessing financial sector development and economic stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through national accounts and insurance industry sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial depth and stability of a country's insurance sector and its contribution to economic growth.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limitations due to the reliance on national sources and varying data collection methodologies across countries.
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Citation
U.S. Federal Reserve, Non-Life Insurance Premium Volume to GDP for Tunisia (DDDI10TNA156NWDB), retrieved from FRED.