Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Thailand
THAFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,737,112,332,990.13
Year-over-Year Change
129.02%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by insurance corporations in Thailand. It provides insight into the financial services usage and liabilities within the Thai 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 at Insurance Corporations for Thailand trend tracks the total value of deposits held by insurance companies operating in the country. This metric offers visibility into the funding sources and liquidity levels of the Thai insurance sector.
Methodology
The data is collected through surveys and reports from Thailand's central bank and insurance regulatory authorities.
Historical Context
Policymakers and analysts use this trend to monitor the financial health and stability of Thailand's insurance industry.
Key Facts
- Thailand's insurance sector holds over $100 billion in outstanding deposits.
- Deposits at insurance companies account for 10% of Thailand's total financial liabilities.
- Deposit levels have grown by 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by insurance corporations operating in Thailand.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the funding sources, liquidity, and financial health of Thailand's insurance industry, which is a key part of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Thailand's central bank and insurance regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the stability and development of Thailand's insurance sector, which has implications for the broader financial system and economy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current conditions in the Thai insurance industry.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for Thailand (THAFCLOFIXDC), retrieved from FRED.