Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Lesotho
LSOFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,808,000,000.00
Year-over-Year Change
9329.36%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures outstanding deposits for life insurance at insurance corporations in Lesotho. It provides insights into the usage of financial services and the liability structure of the insurance industry in the country.
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 Lesotho series tracks the total value of deposits held by insurance companies in Lesotho for life insurance policies. This metric offers a window into the financial intermediation and risk management activities of the Lesotho insurance sector.
Methodology
The data is collected by the Central Bank of Lesotho as part of its financial sector monitoring and reporting.
Historical Context
Policymakers and analysts use this trend to assess the development and stability of Lesotho's insurance industry and broader financial system.
Key Facts
- Lesotho's life insurance deposits totaled $XXX million in the latest period.
- The trend has grown at an average annual rate of X% over the past Y years.
- Insurance companies hold approximately Z% of Lesotho's total financial system liabilities.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the outstanding deposits held by insurance companies in Lesotho for life insurance policies, providing insight into the size and activity of the country's insurance industry.
Q: Why is this trend relevant for users or analysts?
A: The outstanding life insurance deposits metric offers valuable data on the development and stability of Lesotho's insurance sector and broader financial system, which is of interest to policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Lesotho as part of its regular monitoring and reporting on the financial sector.
Q: How is this trend used in economic policy?
A: Policymakers and regulators in Lesotho utilize this trend to assess the health and growth of the insurance industry, which is a key component of the country's financial system and economic development.
Q: Are there update delays or limitations?
A: There may be delays of up to X months in the reporting and publication of this data by the Central Bank of Lesotho. Additionally, the coverage and scope of the series may be limited to certain insurance products or institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Lesotho (LSOFCLOFILPXDC), retrieved from FRED.