Use of Financial Services: Number of Depositors which are Households at Insurance Corporations for Guinea
GINFCDOFIHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,080.00
Year-over-Year Change
98.13%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of households that are depositors with insurance corporations in Guinea. It provides insight into the level of household participation in the country's financial services 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 Depositors which are Households at Insurance Corporations for Guinea tracks the total number of household depositors with insurance companies. This metric offers a window into the accessibility and utilization of insurance products by the general population.
Methodology
The data is collected through surveys and reporting from Guinea's insurance industry regulators.
Historical Context
Policymakers and analysts use this trend to evaluate financial inclusion and the development of Guinea's insurance market.
Key Facts
- Guinea's insurance market has grown rapidly in recent years.
- Household participation in insurance services remains low compared to regional peers.
- Increasing financial inclusion is a key development goal for the Guinean government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of households that are depositors with insurance corporations in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of household participation and access to insurance products, which is an important indicator of financial inclusion and market development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Guinea's insurance industry regulators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate financial inclusion goals and the growth of Guinea's insurance sector.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential coverage gaps, as data collection can be challenging in developing financial markets.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Insurance Corporations for Guinea (GINFCDOFIHPENUM), retrieved from FRED.