Insurance Company Assets to GDP for Hong Kong SAR, China
DDDI11HKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.79
Year-over-Year Change
365.10%
Date Range
1/1/2001 - 1/1/2011
Summary
This economic trend measures the ratio of insurance company assets to GDP in Hong Kong SAR, China, providing insights into the relative size and importance of the insurance industry within the 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
The insurance company assets to GDP ratio tracks the total assets held by insurance companies in Hong Kong SAR, China as a percentage of the country's gross domestic product. This metric is used by economists and policymakers to assess the development and relative significance of the insurance sector in the overall financial system.
Methodology
The data is collected and calculated by the World Bank using financial reports and national accounts.
Historical Context
This trend is relevant for understanding the role of the insurance industry in Hong Kong's economic and financial landscape.
Key Facts
- Hong Kong's insurance company assets equal 91.7% of its GDP (2021).
- The insurance sector has grown rapidly in Hong Kong, tripling in size since 2000.
- Hong Kong is a global hub for insurance, ranking 3rd worldwide by insurance premiums.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total assets held by insurance companies in Hong Kong SAR, China 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 provides insights into the relative size and significance of the insurance industry within Hong Kong's broader economy, which is important for understanding the financial landscape and development of the sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using financial reports and national accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the role and growth of the insurance industry in Hong Kong's financial system, which can inform regulatory and development policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with the most recent year available typically lagging by 1-2 years.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Hong Kong SAR, China (DDDI11HKA156NWDB), retrieved from FRED.