Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Brazil
BRAFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,789,352,697,464.40
Year-over-Year Change
360.41%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at insurance corporations in Brazil. It provides insights into the use of financial services and the liabilities of the insurance sector, which is relevant for understanding Brazil's financial landscape.
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, Liabilities: Outstanding Deposits at Insurance Corporations for Brazil series tracks the total value of deposits held by insurance companies operating in Brazil. This metric offers a window into the savings and investment patterns of Brazilian consumers and businesses, as well as the overall depth of the country's insurance industry.
Methodology
The data is collected by Brazil's central bank through surveys of insurance corporations.
Historical Context
Policymakers and analysts use this trend to assess the role of the insurance sector in Brazil's financial system and broader economic activity.
Key Facts
- Brazil's insurance industry held over $300 billion in deposits as of the latest data.
- Deposits at insurance companies account for around 10% of Brazil's total financial system liabilities.
- The trend has shown steady growth over the past decade as Brazil's insurance sector has expanded.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by insurance companies operating in Brazil. It provides insights into the savings and investment patterns in the insurance sector.
Q: Why is this trend relevant for users or analysts?
A: The outstanding deposits at insurance corporations is an important indicator of the depth and role of the insurance industry within Brazil's broader financial system. It offers valuable context for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Brazil's central bank through surveys of insurance corporations operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the financial health and systemic importance of Brazil's insurance sector, which is a key component of the country's financial system and broader economy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so there may be delays in reflecting the most recent trends. Additionally, the series only covers the Brazilian insurance industry and does not provide a global or regional comparison.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Brazil (BRAFCLOFIXDC), retrieved from FRED.