Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Samoa
WSMFCAOFILPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,269.00
Year-over-Year Change
-1.73%
Date Range
1/1/2011 - 1/1/2023
Summary
This trend measures the use of life insurance deposit accounts at insurance corporations in Samoa. It provides insights into the financial services and saving patterns of individuals and households in the Samoan economy.
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 Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Samoa trend tracks the total value of life insurance deposit accounts held by the public at insurance companies operating in Samoa. This metric offers a window into the financial behaviors and risk management strategies of Samoan consumers.
Methodology
The data is collected through surveys and reporting from insurance providers in Samoa.
Historical Context
This trend is relevant for policymakers and financial analysts seeking to understand the state of Samoa's insurance and savings markets.
Key Facts
- Samoa has a population of approximately 200,000 people.
- The insurance industry in Samoa is a key component of the financial sector.
- Life insurance products are an important savings and risk management tool for Samoan households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of life insurance deposit accounts held by the public at insurance companies operating in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the financial behaviors and risk management strategies of Samoan consumers, which is valuable information for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from insurance providers in Samoa.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial analysts seeking to understand the state of Samoa's insurance and savings markets, which can inform economic policies and regulations.
Q: Are there update delays or limitations?
A: The data may be subject to occasional reporting delays from insurance providers in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Samoa (WSMFCAOFILPNUM), retrieved from FRED.