Insurance Company Assets to GDP for Barbados
DDDI11BBA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.03
Year-over-Year Change
59.17%
Date Range
1/1/2002 - 1/1/2019
Summary
The 'Insurance Company Assets to GDP for Barbados' measures the total assets held by insurance companies as a percentage of the country's Gross Domestic Product. This provides insight into the size and significance of the insurance industry within Barbados' broader 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 economic indicator tracks the relative importance of the insurance sector in Barbados by comparing the total value of assets held by insurance companies to the overall size of the national economy. It is used by policymakers and analysts to assess the development and financial stability of the insurance industry.
Methodology
The data is collected and calculated by the World Bank based on official national accounts and insurance industry statistics.
Historical Context
This metric is relevant for understanding the role of the insurance sector in Barbados' economic structure and its potential influence on financial markets and risk management.
Key Facts
- Insurance companies in Barbados held assets worth over 90% of GDP in 2020.
- The insurance industry's assets-to-GDP ratio in Barbados is among the highest in the Caribbean region.
- This metric has steadily increased in Barbados over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The 'Insurance Company Assets to GDP for Barbados' measures the total assets held by insurance companies in Barbados as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and significance of the insurance industry within Barbados' broader economy, which is relevant for policymakers and analysts assessing the development and financial stability of the insurance sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national accounts and insurance industry statistics.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to understand the role of the insurance sector in Barbados' economic structure and its potential influence on financial markets and risk management.
Q: Are there update delays or limitations?
A: The World Bank updates this data annually, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Barbados (DDDI11BBA156NWDB), retrieved from FRED.