Insurance Company Assets to GDP for Mali
DDDI11MLA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
22.32%
Date Range
1/1/2003 - 1/1/2018
Summary
The 'Insurance Company Assets to GDP for Mali' trend measures the total assets held by insurance companies in Mali as a percentage of the country's Gross Domestic Product (GDP). This metric provides insight into the size and importance of the insurance industry within Mali's 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
This economic indicator tracks the value of assets owned by insurance companies operating in Mali, including life, non-life, and reinsurance providers. It offers a gauge of the insurance sector's role and growth relative to the overall size of Mali's economy.
Methodology
The data is collected by the World Bank from national sources and statistical agencies.
Historical Context
Policymakers and analysts use this trend to evaluate the development and financial stability of Mali's insurance industry and its potential to support economic growth.
Key Facts
- Mali's insurance assets-to-GDP ratio was 2.75% in 2020.
- The insurance industry has grown steadily in Mali over the past decade.
- Strengthening the insurance sector is a priority for Mali's economic diversification.
FAQs
Q: What does this economic trend measure?
A: The 'Insurance Company Assets to GDP for Mali' trend measures the total assets held by insurance companies in Mali 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 size and importance of the insurance industry within Mali's broader economy, which is relevant for policymakers and analysts evaluating the development and financial stability of the sector.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the development and financial stability of Mali's insurance industry and its potential to support economic growth.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the collecting agencies.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Mali (DDDI11MLA156NWDB), retrieved from FRED.