Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Dominican Republic
DOMFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,319,177,443.93
Year-over-Year Change
811.58%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits for life insurance at insurance corporations in the Dominican Republic. It provides insights into the country's life insurance industry and financial services usage.
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 for life insurance at insurance corporations in the Dominican Republic represent the total value of deposits held by insurance companies to cover their liabilities for life insurance policies. This metric is used to gauge the size and activity of the Dominican Republic's life insurance market.
Methodology
The data is collected and reported by the Dominican Republic's central bank.
Historical Context
Policymakers and analysts use this trend to monitor the health and development of the Dominican Republic's insurance and financial services sectors.
Key Facts
- The Dominican Republic has a population of over 10 million people.
- Insurance companies play a significant role in the country's financial system.
- Deposits for life insurance policies are an important component of the insurance industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits for life insurance policies held at insurance corporations in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the size and activity of the Dominican Republic's life insurance market, which is an important component of the country's financial services sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Dominican Republic's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health and development of the Dominican Republic's insurance and financial services sectors, which are crucial for economic growth and stability.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or other limitations based on the reporting practices of the Dominican Republic's central bank.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Dominican Republic (DOMFCLOFILPXDC), retrieved from FRED.