Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Costa Rica
CRIFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,081,424,334,741.68
Year-over-Year Change
79.52%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by insurance corporations in Costa Rica. It provides insights into the use of financial services and the liability-side activities of the 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 outstanding deposits at insurance corporations represent liabilities on the balance sheets of insurance companies operating in Costa Rica. This metric is useful for analyzing the financial intermediation role of the insurance industry and its integration with the broader financial system.
Methodology
The data is collected by the central bank of Costa Rica through surveys of insurance companies.
Historical Context
This trend is relevant for policymakers and analysts studying the development and stability of Costa Rica's insurance and financial sectors.
Key Facts
- Costa Rica's insurance industry held over $4 billion in outstanding deposits as of the latest data.
- Deposits at insurance corporations account for over 10% of Costa Rica's total financial system liabilities.
- The insurance sector's deposit-taking activities have grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposit liabilities held by insurance corporations operating in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial intermediation role of the insurance industry and its integration with the broader financial system in Costa Rica.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Costa Rica through surveys of insurance companies.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts studying the development and stability of Costa Rica's insurance and financial sectors.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may be subject to revisions by the central bank.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Costa Rica (CRIFCLOFIXDC), retrieved from FRED.