Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Argentina
ARGFCAOFILPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,569,611.00
Year-over-Year Change
80.21%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the use of life insurance deposit accounts at insurance corporations in Argentina. It provides insights into the financial services and savings behavior of individuals and institutions in the country.
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 Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Argentina metric tracks the total value of life insurance deposit accounts held with insurance companies in the Argentine financial system. This data point is a key indicator of insurance and savings market activity.
Methodology
The data is collected and reported by the Central Bank of Argentina.
Historical Context
Policymakers and financial analysts use this metric to assess the stability and growth of the insurance industry and broader financial sector in Argentina.
Key Facts
- Argentina's life insurance deposit accounts totaled $X.XX billion in the latest period.
- The value of these accounts has grown by Y% over the past Z years.
- Insurance companies hold approximately A% of total financial services deposits in Argentina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of life insurance deposit accounts held with insurance corporations in the Argentine financial system.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the insurance and savings behavior of individuals and institutions in Argentina, which is crucial for understanding the stability and growth of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to assess the performance and development of the insurance industry and broader financial system in Argentina.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential revisions by the Central Bank of Argentina.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Argentina (ARGFCAOFILPNUM), retrieved from FRED.