Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Romania
ROUFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,307,704,310.25
Year-over-Year Change
143.34%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the outstanding deposits held by insurance corporations in Romania. It provides insights into the liabilities and financing activities of the insurance sector 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 at Insurance Corporations for Romania metric tracks the total value of deposits held by insurance companies operating in the Romanian market. This data point offers visibility into the funding and liquidity profile of the domestic insurance industry.
Methodology
The data is collected through surveys and reporting by the National Bank of Romania.
Historical Context
Analysts and policymakers monitor this metric to assess the financial health and intermediation role of the insurance sector within the broader Romanian economy.
Key Facts
- Romania's insurance deposits were €3.2 billion as of 2021.
- Deposits have grown by 6.7% annually over the past 5 years.
- The insurance sector holds 5.2% of total financial system deposits in Romania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by insurance companies operating in the Romanian market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the funding and liquidity profile of the domestic insurance industry, which is an important financial services sector in the Romanian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to assess the financial health and intermediation role of the insurance sector within the broader Romanian economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the National Bank of Romania with typical lags of 1-2 quarters.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Romania (ROUFCLOFIXDC), retrieved from FRED.