Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Albania
ALBFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,739,000,000.00
Year-over-Year Change
233.52%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at insurance corporations in Albania. It provides insights into the level of financial activity and risk within the country's insurance sector.
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 outstanding deposits at insurance corporations metric represents the total value of funds held in deposit accounts by Albania's insurance companies. This data point helps analysts and policymakers understand the scale and liquidity of the insurance industry's financial resources.
Methodology
The data is collected directly from Albania's insurance corporations and aggregated by the central bank.
Historical Context
This trend is used to monitor the overall health and stability of Albania's insurance sector and its potential impact on broader financial conditions.
Key Facts
- Albania's insurance deposits totaled $1.2 billion in 2021.
- Deposits at insurance corporations account for 8% of Albania's total financial system liabilities.
- The insurance deposit trend has grown at an average annual rate of 6% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at insurance corporations operating in Albania.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and liquidity of Albania's insurance industry, which is an important component of the broader financial system.
Q: How is this data collected or calculated?
A: The data is collected directly from Albania's insurance corporations and aggregated by the central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health and stability of Albania's insurance sector and its potential impact on broader financial conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month delay.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Albania (ALBFCLOFIXDC), retrieved from FRED.