Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Nicaragua
NICFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,442,000,000.00
Year-over-Year Change
87.73%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits for life insurance at insurance corporations in Nicaragua. It provides insights into the level of financial services usage and the overall state 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 Nicaragua tracks the total value of life insurance deposits held by insurance companies operating in the Nicaraguan market. This metric offers a gauge of the insurance sector's activity and the public's engagement with life insurance products.
Methodology
The data is collected directly from insurance companies and aggregated by the Central Bank of Nicaragua.
Historical Context
This trend is useful for analyzing the development of Nicaragua's insurance market and financial sector.
Key Facts
- Nicaragua's life insurance deposits totaled $X.XX billion in the latest period.
- The trend has grown by Y% over the past Z years.
- Insurance corporations account for approximately A% of Nicaragua's financial sector liabilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits for life insurance policies held with insurance companies operating in Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial services usage and the overall state of the insurance industry in Nicaragua, which is important for understanding the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance companies and aggregated by the Central Bank of Nicaragua.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the growth and maturity of Nicaragua's insurance market and financial sector, which can inform policies aimed at promoting financial inclusion and economic stability.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting by insurance companies, and the trend may not capture all informal or unregulated insurance activities in Nicaragua.
Related Trends
General Government Primary Net Lending/Borrowing for Nicaragua
NICGGXONLBGDP
Value of Exports to Nicaragua from Hawaii
HINICA052SCEN
Credit to Government and State-Owned Enterprises to GDP for Nicaragua
DDEI08NIA156NWDB
Internet users for Nicaragua
ITNETUSERP2NIC
Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Nicaragua
NICFCAOFILPNUM
Gross Domestic Product Per Capita for Nicaragua
PCAGDPNIA646NWDB
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Nicaragua (NICFCLOFILPXDC), retrieved from FRED.