Insurance Company Assets to GDP for Albania
DDDI11ALA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
67.25%
Date Range
1/1/2004 - 1/1/2020
Summary
The Insurance Company Assets to GDP for Albania metric measures the total assets held by insurance companies as a percentage of the country's gross domestic product. This indicator provides insights into the size and importance of the insurance industry within the Albanian 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 Insurance Company Assets to GDP for Albania represents the total assets of insurance companies operating in the country, expressed as a proportion of the nation's GDP. This metric is used by economists and policymakers to evaluate the development and financial strength of Albania's insurance sector and its integration with the broader economy.
Methodology
The data is collected by the World Bank from national insurance regulators and statistical agencies.
Historical Context
This indicator is relevant for understanding financial sector development and can inform policy decisions related to insurance market regulations and growth strategies.
Key Facts
- Albania's Insurance Company Assets to GDP ratio was 1.7% in 2020.
- The insurance industry's share of GDP has grown from 1.2% in 2010 to 1.7% in 2020.
- Albania's insurance penetration, measured as premiums to GDP, stands at around 1.5%.
FAQs
Q: What does this economic trend measure?
A: The Insurance Company Assets to GDP for Albania metric measures the total assets held by insurance companies as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the size and importance of the insurance industry within the Albanian economy, which is useful for evaluating financial sector development and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national insurance regulators and statistical agencies.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding financial sector development and can inform policy decisions related to insurance market regulations and growth strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential delays in data availability.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Albania (DDDI11ALA156NWDB), retrieved from FRED.