Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Bangladesh
BGDFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
404,594,624,585.00
Year-over-Year Change
112.53%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at insurance corporations in Bangladesh. It provides insights into the use of financial services and the liability structure of the 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 in Bangladesh represent the liabilities of the insurance industry. This metric offers valuable information about the depth and development of the financial services sector and the insurance industry's role in mobilizing domestic savings.
Methodology
The data is collected and reported by the Bangladesh Bank, the central bank of Bangladesh.
Historical Context
Policymakers and analysts use this trend to assess the financial health and intermediation role of the insurance industry in Bangladesh.
Key Facts
- Bangladesh's insurance industry held $XX.XX billion in outstanding deposits as of the latest data.
- Deposits at insurance corporations account for X% of Bangladesh's total financial sector liabilities.
- The insurance industry's deposit-taking activities have grown by X% over the past Y years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at insurance corporations in Bangladesh, which represent the liabilities of the insurance industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and development of Bangladesh's financial services sector, as well as the insurance industry's role in mobilizing domestic savings.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the central bank of Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial health and intermediation role of the insurance industry in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published with a delay of X months, and may be subject to revisions by the Bangladesh Bank.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Bangladesh (BGDFCLOFIXDC), retrieved from FRED.