Insurance Company Assets to GDP for Luxembourg
DDDI11LUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198.68
Year-over-Year Change
129.48%
Date Range
1/1/1995 - 1/1/2004
Summary
The Insurance Company Assets to GDP for Luxembourg metric measures the total assets held by insurance companies as a percentage of the country's gross domestic product. This indicator provides insights into the size and importance of the insurance sector within the Luxembourg 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 for Luxembourg tracks the total assets held by insurance firms operating in the country, including life, non-life, and reinsurance companies. This metric is used by economists and policymakers to assess the relative scale and influence of the insurance industry, which plays a crucial role in financial markets and risk management.
Methodology
The data is collected and reported by the World Bank based on national accounts and insurance industry statistics.
Historical Context
Policymakers use this indicator to monitor the development of Luxembourg's insurance sector and its integration with the broader economy.
Key Facts
- Luxembourg has one of the largest insurance sectors relative to GDP among OECD countries.
- The insurance industry accounts for over 10% of Luxembourg's GDP.
- Luxembourg is a leading global hub for reinsurance companies.
FAQs
Q: What does this economic trend measure?
A: The Insurance Company Assets to GDP for Luxembourg metric measures the total assets held by insurance companies operating in the country as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the size and importance of Luxembourg's insurance sector, which is a crucial part of the country's financial markets and risk management ecosystem.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national accounts and insurance industry statistics.
Q: How is this trend used in economic policy?
A: Policymakers in Luxembourg use this indicator to monitor the development of the country's insurance sector and its integration with the broader economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of 1-2 years in the most recent figures.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Luxembourg (DDDI11LUA156NWDB), retrieved from FRED.