Use of Financial Services: Number of Non-life Insurance Depositors at Insurance Corporations for Costa Rica
CRIFCDOFINPPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,191,791.00
Year-over-Year Change
-21.25%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the number of non-life insurance depositors at insurance corporations in Costa Rica. It provides insights into the usage and demand for financial services in the country's 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 Use of Financial Services: Number of Non-life Insurance Depositors at Insurance Corporations for Costa Rica tracks the total number of individual customers holding non-life insurance policies with insurance companies operating in the country. This metric offers valuable data on the level of insurance market penetration and financial inclusion.
Methodology
The data is collected through surveys and reporting from insurance providers in Costa Rica.
Historical Context
This trend is used by economists and policymakers to assess the development and accessibility of the insurance industry in Costa Rica.
Key Facts
- Costa Rica has a population of over 5 million people.
- The insurance industry accounts for around 2% of Costa Rica's GDP.
- Non-life insurance products include auto, property, and liability coverage.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individual customers holding non-life insurance policies with insurance companies in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of insurance market penetration and financial inclusion in Costa Rica, which is valuable information for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from insurance providers in Costa Rica.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the development and accessibility of the insurance industry in Costa Rica.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by insurance companies, and the coverage may not include all non-life insurance providers in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Non-life Insurance Depositors at Insurance Corporations for Costa Rica (CRIFCDOFINPPENUM), retrieved from FRED.