Insurance Company Assets to GDP for El Salvador
DDDI11SVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.94
Year-over-Year Change
36.30%
Date Range
1/1/2002 - 1/1/2020
Summary
The Insurance Company Assets to GDP for El Salvador measures the total assets of insurance companies as a percentage of the country's Gross Domestic Product. This trend provides insight into the size and importance of the insurance industry within the Salvadoran 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 indicator represents the value of assets held by insurance companies in El Salvador, including life, non-life, and reinsurance providers. It is used by economists and policymakers to assess the financial depth and development of the insurance sector, which plays a crucial role in risk management and economic stability.
Methodology
The data is collected and calculated by the World Bank from national insurance regulatory and statistical agencies.
Historical Context
The Insurance Company Assets to GDP ratio is a key metric for evaluating the maturity and penetration of the insurance market, which can influence investment, risk mitigation, and overall economic resilience.
Key Facts
- El Salvador's insurance company assets were 4.1% of GDP in 2020.
- The insurance sector in El Salvador has grown steadily over the past decade.
- Regulatory reforms have aimed to increase insurance penetration in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total assets held by insurance companies in El Salvador as a percentage of the country's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The Insurance Company Assets to GDP ratio provides insights into the size and development of the insurance industry, which is an important component of a country's financial system and overall economic stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national insurance regulatory and statistical agencies in El Salvador.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the depth and penetration of the insurance market, which can inform decisions related to financial regulation, risk management, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is reported annually by the World Bank, and there may be some delays in publication compared to real-time market conditions.
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Citation
U.S. Federal Reserve, Insurance Company Assets to GDP for El Salvador (DDDI11SVA156NWDB), retrieved from FRED.