Insurance Company Assets to GDP for Singapore
DDDI11SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.73
Year-over-Year Change
67.08%
Date Range
1/1/1990 - 1/1/2020
Summary
This economic trend measures the ratio of insurance company assets to GDP in Singapore. It provides insight into the size and importance of the insurance industry in the Singaporean 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 Singapore ratio tracks the total assets held by insurance companies in the country as a percentage of its gross domestic product. This metric is used by economists and policymakers to gauge the relative scale and financial strength of the insurance sector.
Methodology
The data is collected and calculated by the World Bank from national accounts and insurance industry sources.
Historical Context
This trend is relevant for understanding the role of the insurance industry in Singapore's financial system and broader economic development.
Key Facts
- Singapore has one of the largest insurance industries in Asia.
- The insurance sector's assets are over 80% of Singapore's GDP.
- The industry has experienced rapid growth in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of total assets held by insurance companies in Singapore to the country's gross domestic product. It provides insight into the relative size and importance of the insurance industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers to understand the role and financial strength of the insurance sector within Singapore's broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and insurance industry sources.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing the development and financial stability of Singapore's insurance industry, which is an important part of the country's financial system and overall economic growth.
Q: Are there update delays or limitations?
A: The World Bank data may have some lag in reporting, and the metric does not provide a full picture of the insurance industry's activities and impacts.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for Singapore (DDDI11SGA156NWDB), retrieved from FRED.