Insurance Company Assets to GDP for Malawi
DDDI11MWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.97
Year-over-Year Change
25.39%
Date Range
1/1/2006 - 1/1/2020
Summary
The 'Insurance Company Assets to GDP for Malawi' trend measures the total assets held by insurance companies in Malawi as a percentage of the country's gross domestic product. This provides insights into the size and importance of the insurance sector within Malawi's 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 insurance company assets in Malawi, including life, non-life, and reinsurance companies. It offers a gauge of the insurance industry's development and financial intermediation role in supporting economic growth and risk management.
Methodology
The data is collected and reported by the World Bank's World Development Indicators program.
Historical Context
Policymakers use this metric to assess the depth and stability of Malawi's financial system.
Key Facts
- Insurance assets were 4.6% of Malawi's GDP in 2020.
- Malawi's insurance sector has grown steadily since the 1990s.
- The life insurance segment accounts for the majority of insurance assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total assets held by insurance companies in Malawi 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 insights into the size and importance of Malawi's insurance sector, which is a key component of the country's financial system and supports economic growth and risk management.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's World Development Indicators program.
Q: How is this trend used in economic policy?
A: Policymakers in Malawi use this metric to assess the depth and stability of the country's financial system, which is important for promoting economic development and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Malawi (DDDI11MWA156NWDB), retrieved from FRED.