Insurance Company Assets to GDP for Kyrgyzstan
DDDI11KGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.82
Year-over-Year Change
183.35%
Date Range
1/1/2007 - 1/1/2019
Summary
This economic trend measures the ratio of insurance company assets to the gross domestic product (GDP) in Kyrgyzstan. It provides insight 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 is a key indicator of the financial depth and development of a country's insurance sector. It reflects the industry's capacity to mobilize and allocate financial resources, which is crucial for economic growth and risk management.
Methodology
The data is calculated by the World Bank using national accounts and insurance industry data.
Historical Context
Policymakers and analysts use this trend to evaluate the role of insurance in a country's financial system and assess progress in financial sector development.
Key Facts
- Kyrgyzstan's insurance company assets to GDP ratio was 0.03 in 2020.
- The ratio has increased from 0.01 in 2000, indicating gradual growth in the insurance industry.
- Kyrgyzstan's ratio is lower than the global average, suggesting potential for further development of the insurance sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of insurance company assets to the gross domestic product (GDP) in Kyrgyzstan. It provides insight into the relative size and importance of the insurance industry within the broader economy.
Q: Why is this trend relevant for users or analysts?
A: The insurance company assets to GDP ratio is a key indicator of the financial depth and development of a country's insurance sector, which is crucial for economic growth and risk management.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and insurance industry data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the role of insurance in a country's financial system and assess progress in financial sector development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Kyrgyzstan (DDDI11KGA156NWDB), retrieved from FRED.