Insurance Company Assets to GDP for Austria
DDDI11ATA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.55
Year-over-Year Change
-2.78%
Date Range
1/1/1981 - 1/1/2020
Summary
The 'Insurance Company Assets to GDP for Austria' trend measures the value of assets held by insurance companies in Austria as a percentage of the country's gross domestic product (GDP). This metric provides insights into the size and significance of the insurance industry within the Austrian 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 Austria' indicator tracks the ratio of total assets owned by insurance companies to the overall size of the Austrian economy, as measured by GDP. This statistic is used by economists and policymakers to assess the relative importance and financial strength of the insurance sector in Austria.
Methodology
The data is collected by the World Bank using national accounts and insurance industry information.
Historical Context
Monitoring the 'Insurance Company Assets to GDP' ratio helps inform decisions related to financial regulation, economic stability, and the development of the insurance industry in Austria.
Key Facts
- Austria's insurance company assets to GDP ratio was 59.78% in 2020.
- The insurance industry in Austria accounts for a significant portion of the country's economic activity.
- Tracking this metric helps monitor the financial health and importance of the insurance sector in Austria.
FAQs
Q: What does this economic trend measure?
A: The 'Insurance Company Assets to GDP for Austria' trend measures the value of assets held by insurance companies in Austria as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and significance of the insurance industry within the Austrian economy, which is important for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank using national accounts and insurance industry information.
Q: How is this trend used in economic policy?
A: Monitoring the 'Insurance Company Assets to GDP' ratio helps inform decisions related to financial regulation, economic stability, and the development of the insurance industry in Austria.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and insurance industry information provided to the World Bank.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Austria (DDDI11ATA156NWDB), retrieved from FRED.