Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for West Bank and Gaza
WBGFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,000,000.00
Year-over-Year Change
-47.15%
Date Range
1/1/2012 - 1/1/2021
Summary
This trend measures the outstanding deposits for life insurance at insurance corporations in the West Bank and Gaza. It provides insights into the use of financial services and the liabilities held by the insurance industry in this region.
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 West Bank and Gaza series tracks the total amount of deposits held by insurance companies for life insurance policies in the West Bank and Gaza. This metric is important for understanding the size and activity of the insurance sector in the region.
Methodology
The data is collected directly from insurance corporations operating in the West Bank and Gaza.
Historical Context
This trend is used by policymakers and economists to monitor the development of the insurance industry and financial services sector in the West Bank and Gaza.
Key Facts
- The West Bank and Gaza have a developing insurance industry.
- Life insurance is an important financial service in the region.
- Outstanding deposits for life insurance reflect the size of the insurance sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of outstanding deposits held by insurance corporations for life insurance policies in the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the size and activity of the insurance industry in the West Bank and Gaza, which is an important component of the region's financial services sector.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance corporations operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the development of the insurance industry and financial services sector in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting from the insurance corporations in the region.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for West Bank and Gaza (WBGFCLOFILPXDC), retrieved from FRED.