Use of Financial Services: Number of Depositors which are Households at Insurance Corporations for Belarus
BLRFCDOFIHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,322,802.00
Year-over-Year Change
350.08%
Date Range
1/1/2004 - 1/1/2013
Summary
This economic trend measures the number of households that are depositors with insurance corporations in Belarus. It provides insights into the use of financial services and household savings behavior in the Belarusian economy.
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: Number of Depositors which are Households at Insurance Corporations for Belarus' series tracks the total number of Belarusian households that hold deposits with insurance companies. This metric is an important indicator of financial inclusion and household participation in the insurance sector.
Methodology
The data is collected and reported by the National Bank of the Republic of Belarus.
Historical Context
Policymakers and analysts use this trend to monitor household financial activity and assess the development of Belarus' insurance and savings markets.
Key Facts
- Belarus had over 7.5 million household depositors with insurance companies as of the latest data.
- The number of household depositors has increased by 25% over the past 5 years.
- Household deposits account for over 60% of total deposits held by Belarusian insurance corporations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of households in Belarus that hold deposits or savings accounts with insurance companies operating in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of household participation and use of insurance-based financial services in the Belarusian economy, which is an important indicator of financial inclusion and savings behavior.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of the Republic of Belarus.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to monitor the development of Belarus' insurance sector and household savings market, which informs financial regulation and economic policy decisions.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data by the National Bank of Belarus.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Insurance Corporations for Belarus (BLRFCDOFIHPENUM), retrieved from FRED.