Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Bosnia and Herzegovina
BIHFCAOFILNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,155,947.00
Year-over-Year Change
128.08%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the use of non-life insurance accounts at insurance corporations in Bosnia and Herzegovina. It provides insights into the level of financial services activity and insurance sector development 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: Non-life Insurance Accounts at Insurance Corporations for Bosnia and Herzegovina metric tracks the total value of deposit accounts held by non-life insurance companies. This data point serves as an indicator of the overall size and activity within the insurance industry.
Methodology
The data is collected and reported by the Central Bank of Bosnia and Herzegovina.
Historical Context
This trend is relevant for analyzing the financial health and growth of the insurance sector, which is an important component of a country's economic and financial system.
Key Facts
- Bosnia and Herzegovina has a developing insurance industry.
- Non-life insurance accounts make up a significant portion of total financial services deposits.
- The value of non-life insurance accounts has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposit accounts held by non-life insurance companies in Bosnia and Herzegovina, providing insights into the size and activity of the insurance sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for analyzing the financial health and growth of the insurance industry, which is an important component of Bosnia and Herzegovina's overall economic and financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor the development and performance of the insurance sector, which can inform economic and financial policies aimed at supporting the growth of the financial services industry.
Q: Are there update delays or limitations?
A: The data is published with a delay, and there may be limitations in its coverage or granularity compared to other financial indicators.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Bosnia and Herzegovina (BIHFCAOFILNNUM), retrieved from FRED.