Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Guinea
GINFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,109,486,000,000.00
Year-over-Year Change
5220.99%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures outstanding deposits for non-life insurance at insurance corporations in Guinea. It provides insights into the level of financial intermediation and risk management activities in the country's 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 Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Guinea metric tracks the total value of deposits held by insurance companies for non-life insurance policies. This indicator offers a window into the development and utilization of the insurance industry in the Guinean economy.
Methodology
The data is collected through surveys of insurance corporations operating in Guinea.
Historical Context
This trend is relevant for policymakers and financial analysts assessing the depth and stability of the insurance market in Guinea.
Key Facts
- Guinea is a lower-middle-income country in West Africa.
- The insurance industry in Guinea is relatively small and underdeveloped.
- Outstanding non-life insurance deposits are an indicator of risk management activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by insurance companies in Guinea for non-life insurance policies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and risk management activities in Guinea's insurance sector, which is important for assessing the development of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys of insurance corporations operating in Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts can use this trend to evaluate the depth and stability of the insurance market in Guinea, which is relevant for financial sector development policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage due to the relatively small and underdeveloped nature of Guinea's insurance industry.
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Amount Outstanding of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Guinea
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Guinea (GINFCLOFINPXDC), retrieved from FRED.