Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Lesotho
LSOFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
906,000,000.00
Year-over-Year Change
551.80%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits for non-life insurance at insurance corporations in Lesotho. It provides insights into the financial services and liabilities within 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 Non-life Insurance at Insurance Corporations for Lesotho is an important indicator of the insurance sector's activities and financial health. It represents the total value of deposits held by insurance companies for non-life insurance policies, offering a window into the overall utilization of financial services in Lesotho.
Methodology
The data is collected and reported by the Central Bank of Lesotho.
Historical Context
This trend is used by policymakers, analysts, and investors to assess the growth and stability of Lesotho's insurance industry and broader financial system.
Key Facts
- Lesotho is a small, mountainous country in Southern Africa.
- The insurance industry is an important component of Lesotho's financial sector.
- Non-life insurance includes coverage for property, casualty, and liability risks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits for non-life insurance policies held at insurance corporations in Lesotho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial health and growth of Lesotho's insurance industry, which is an important part of the country's overall financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Lesotho.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors use this trend to assess the stability and development of Lesotho's insurance sector and broader financial system.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the Central Bank of Lesotho, and may have lags or revisions over time.
Related Trends
General Government Revenue for Lesotho
LSOGGRG01GDPPT
Deposit Money Bank Assets to GDP for Lesotho
DDDI02LSA156NWDB
Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Lesotho
LSOFCIODUNUM
Claims on Private Sector for Lesotho
LSOFDSAOPPCPPPT
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Lesotho
LSOFCBODDNUM
Gross Domestic Product for Lesotho
MKTGDPLSA646NWDB
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Lesotho (LSOFCLOFINPXDC), retrieved from FRED.