Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Bosnia and Herzegovina
BIHFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,843,769,913.15
Year-over-Year Change
150.55%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at insurance corporations in Bosnia and Herzegovina, providing insight into the use of financial services and the liability side of the insurance sector's balance sheet.
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 represents the total value of funds held by insurance companies on behalf of their customers or policyholders. This metric is used by economists and policymakers to assess the level of financial intermediation and the insurance industry's role in mobilizing domestic savings.
Methodology
The data is collected directly from Bosnia and Herzegovina's insurance regulatory authorities.
Historical Context
This trend is relevant for monitoring the development of the country's insurance and financial services sectors.
Key Facts
- Bosnia and Herzegovina is an emerging market economy in Southeastern Europe.
- The insurance industry plays a key role in the country's financial system.
- Deposit-taking is a major function of insurance corporations in Bosnia and Herzegovina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at insurance corporations in Bosnia and Herzegovina, providing insight into the use of financial services and the liability side of the insurance sector's balance sheet.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for monitoring the development of Bosnia and Herzegovina's insurance and financial services sectors, as it reflects the level of financial intermediation and the insurance industry's role in mobilizing domestic savings.
Q: How is this data collected or calculated?
A: The data is collected directly from Bosnia and Herzegovina's insurance regulatory authorities.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the level of financial intermediation and the insurance industry's role in the country's financial system.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and practices of Bosnia and Herzegovina's insurance regulatory authorities.
Related Trends
Bank Deposits to GDP for Bosnia and Herzegovina
DDOI02BAA156NWDB
Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Bosnia and Herzegovina
BIHFCSODCHXDC
Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Non-deposit Taking Microfinance Institutions (MFIs for Bosnia and Herzegovina
BIHFCRMFSPENUM
Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Bosnia and Herzegovina
BIHFCRMPENUM
Number of Identified Exporters to Bosnia and Herzegovina from Alabama
ALBIHA475SCEN
Population, Total for Bosnia and Herzegovina
POPTOTBAA647NWDB
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Bosnia and Herzegovina (BIHFCLOFIXDC), retrieved from FRED.