Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for China, P.R.: Hong Kong
HKGFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,933,087,000,000.00
Year-over-Year Change
214.62%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding deposits for life insurance at insurance corporations in China's Hong Kong region. It provides insights into the use of financial services and serves as a key metric for economists and policymakers analyzing Hong Kong's insurance and financial markets.
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 China, P.R.: Hong Kong series measures the total value of deposits held by insurance companies in Hong Kong for life insurance policies. This metric offers insights into the scale and activity of the life insurance industry, which is an important component of the broader financial services sector.
Methodology
The data is collected and reported by the Hong Kong Monetary Authority.
Historical Context
Policymakers and financial analysts use this indicator to assess the health and growth of Hong Kong's insurance market and its broader economic implications.
Key Facts
- Hong Kong is a major global financial center.
- The life insurance industry is a significant component of Hong Kong's financial services sector.
- Outstanding deposits for life insurance provide insights into consumer demand and industry trends.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding deposits held by insurance companies in Hong Kong for life insurance policies.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the scale and activity of Hong Kong's life insurance industry, which is an important component of the broader financial services sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hong Kong Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this indicator to assess the health and growth of Hong Kong's insurance market and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential limitations of the Hong Kong Monetary Authority.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for China, P.R.: Hong Kong (HKGFCLOFILPXDC), retrieved from FRED.