Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Ethiopia
ETHFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
701,000,000.00
Year-over-Year Change
504.31%
Date Range
1/1/2004 - 1/1/2012
Summary
This economic trend measures the outstanding deposits for life insurance at insurance corporations in Ethiopia. It provides insights into the financial services and liability levels in the country's insurance industry.
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 for Life Insurance at Insurance Corporations for Ethiopia series tracks the total value of deposits held by insurance corporations for life insurance policies. This metric offers a window into the depth and activity of Ethiopia's life insurance market.
Methodology
The data is collected through surveys of insurance corporations operating in Ethiopia.
Historical Context
Policymakers and financial analysts use this trend to gauge the development and stability of Ethiopia's insurance sector.
Key Facts
- Ethiopia's life insurance deposits totaled $X.XX billion in the latest period.
- The trend has grown at an average annual rate of Y% over the past Z years.
- Insurance corporations account for XX% of Ethiopia's total financial services liabilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits for life insurance policies held by insurance corporations in Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and development of Ethiopia'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 through surveys of insurance corporations operating in Ethiopia.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to gauge the stability and growth of Ethiopia's insurance industry, which is crucial for financial inclusion and overall economic development.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or gaps in coverage, as the data is collected through surveys of insurance companies.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Ethiopia (ETHFCLOFILPXDC), retrieved from FRED.