Insurance Company Assets to GDP for Ethiopia
DDDI11ETA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-25.05%
Date Range
1/1/2006 - 1/1/2017
Summary
The 'Insurance Company Assets to GDP for Ethiopia' trend measures the total assets held by insurance companies as a percentage of Ethiopia's gross domestic product (GDP). This metric provides insight into the size and importance of the insurance industry within the broader Ethiopian 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 trend reflects the relative scale of Ethiopia's insurance sector compared to the overall economy. It is an indicator of the insurance industry's level of development and its potential to contribute to economic growth through risk management, capital mobilization, and investment activities.
Methodology
The data is collected and calculated by the World Bank using information reported by national insurance regulators and statistical agencies.
Historical Context
Policymakers and analysts use this trend to evaluate the role of the insurance industry in Ethiopia's financial system and its capacity to support economic stability and expansion.
Key Facts
- Ethiopia's insurance company assets to GDP ratio was 0.82% in 2020.
- The insurance industry in Ethiopia has grown rapidly in recent decades.
- Increasing insurance penetration is a key goal for Ethiopia's financial sector development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total assets held by insurance companies in Ethiopia 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 insight into the relative size and importance of the insurance industry within the broader Ethiopian economy, which is relevant for evaluating the sector's development and its potential to contribute to economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information reported by national insurance regulators and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the role of the insurance industry in Ethiopia's financial system and its capacity to support economic stability and expansion.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank, and there may be delays in reporting from national sources.
Related Trends
Value of Exports to Ethiopia from Louisiana
LAETHA052SCEN
Boone Indicator in Banking Market for Ethiopia
DDOI05ETA156NWDB
Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Ethiopia
ETHFCLOFILPXDC
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Ethiopia
ETHFCBODCKNUM
Nominal Gross Capital Formation for Ethiopia
ETHNIGDPPT
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Ethiopia
ETHFCBODDNUM
Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Ethiopia (DDDI11ETA156NWDB), retrieved from FRED.