Insurance Company Assets to GDP for Canada
DDDI11CAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.32
Year-over-Year Change
161.05%
Date Range
1/1/1980 - 1/1/2019
Summary
This economic indicator measures the total assets held by insurance companies in Canada as a percentage of the country's gross domestic product (GDP). It provides insights into the size and importance of the insurance industry within the Canadian 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 ratio is a key metric used by economists and policymakers to gauge the relative size and growth of the insurance sector in a given economy. It helps analyze the insurance industry's contribution to overall economic activity and its potential impact on financial stability.
Methodology
The data is collected and calculated by the World Bank using national account data and insurance industry statistics.
Historical Context
This trend is closely monitored by financial regulators, central banks, and economic analysts to assess the financial system's resilience and the insurance industry's systemic importance.
Key Facts
- Canada's insurance company assets to GDP ratio was 108.7% in 2020.
- The ratio has increased from 82.4% in 2000, reflecting the growing importance of the insurance industry.
- Life insurance companies account for the largest share of total insurance assets in Canada.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total assets held by insurance companies in Canada as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The insurance company assets to GDP ratio is a key metric used to gauge the size and importance of the insurance industry within the Canadian economy, which is relevant for financial regulators, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national account data and insurance industry statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by financial regulators and central banks to assess the financial system's resilience and the insurance industry's systemic importance.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reporting schedules of national statistical agencies and the World Bank.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Canada (DDDI11CAA156NWDB), retrieved from FRED.