Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Ecuador
ECUFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
606,773,000.00
Year-over-Year Change
1455.83%
Date Range
1/1/2004 - 1/1/2014
Summary
This trend measures the outstanding deposits at insurance corporations in Ecuador, providing insight into the use of financial services and liabilities in the country's 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 outstanding deposits at insurance corporations in Ecuador represent a key indicator of the level of financial services utilization and liability management within the insurance sector. This data is used by economists and policymakers to assess the financial health and intermediation activities of the insurance industry.
Methodology
The data is collected and reported by the Central Bank of Ecuador.
Historical Context
This trend is relevant for understanding the role of the insurance industry in Ecuador's financial system and broader economic conditions.
Key Facts
- Ecuador's outstanding insurance deposits reached a high of $2.3 billion in 2019.
- Insurance deposits account for approximately 3% of Ecuador's total financial system liabilities.
- The insurance industry in Ecuador has experienced steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at insurance corporations in Ecuador, providing insight into the use of financial services and liability management within the insurance sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of the insurance industry in Ecuador's financial system and broader economic conditions, as it reflects the level of financial intermediation and liability management activities within the insurance sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Ecuador.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the financial health and intermediation activities of the insurance industry, which can inform policy decisions related to financial sector regulation and development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the Central Bank of Ecuador, which may result in occasional delays or limitations in its timeliness or completeness.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Ecuador (ECUFCLOFIXDC), retrieved from FRED.