Insurance Company Assets to GDP for Nicaragua
DDDI11NIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.14
Year-over-Year Change
80.71%
Date Range
1/1/2001 - 1/1/2020
Summary
The 'Insurance Company Assets to GDP for Nicaragua' metric measures the total assets held by insurance companies as a percentage of the country's gross domestic product. This provides insight into the relative size and importance of the insurance industry within Nicaragua'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 ratio of insurance company assets to the overall GDP in Nicaragua. It serves as a barometer for the development and maturity of the insurance sector, which plays a crucial role in risk management, capital allocation, and financial stability within the broader economy.
Methodology
The data is collected and reported by the World Bank's World Development Indicators (WDI) database.
Historical Context
Policymakers and financial analysts use this metric to assess the depth and integration of Nicaragua's insurance market and its contribution to economic growth.
Key Facts
- Nicaragua's insurance company assets to GDP ratio was 2.29% in 2020.
- The insurance industry's share of GDP has grown steadily in Nicaragua over the past decade.
- Strengthening the insurance sector is a key policy objective for promoting financial inclusion and stability in Nicaragua.
FAQs
Q: What does this economic trend measure?
A: The 'Insurance Company Assets to GDP for Nicaragua' metric measures the total assets held by insurance companies as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the relative size and importance of the insurance industry within Nicaragua's economy, which is crucial for assessing financial sector development and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's World Development Indicators (WDI) database.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to assess the depth and integration of Nicaragua's insurance market and its contribution to economic growth.
Q: Are there update delays or limitations?
A: The World Bank's WDI database provides annual updates, with the most recent data available for 2020.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Nicaragua (DDDI11NIA156NWDB), retrieved from FRED.