Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Samoa
WSMFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,029,000.00
Year-over-Year Change
-75.43%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the outstanding deposits for non-life insurance at insurance corporations in Samoa. It provides insight into the usage and demand for financial services in the country's insurance sector.
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 Non-life Insurance at Insurance Corporations for Samoa metric tracks the total value of deposits held by insurance companies in Samoa for non-life insurance products. This data point offers analysts a view into the scale and activity of the nation's insurance industry.
Methodology
The data is collected directly from insurance corporations operating in Samoa.
Historical Context
Policymakers and economists use this trend to assess the development and health of Samoa's insurance and financial services markets.
Key Facts
- Samoa is a small island nation in the South Pacific.
- The insurance industry is an important part of Samoa's financial sector.
- Outstanding deposits for non-life insurance have grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of deposits held by insurance companies in Samoa for non-life insurance products, providing insight into the scale and activity of the nation's insurance industry.
Q: Why is this trend relevant for users or analysts?
A: This data offers policymakers and economists a view into the development and health of Samoa's insurance and broader financial services markets.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance corporations operating in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the growth and stability of Samoa's insurance industry and overall financial services sector.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing a timely view of activity in Samoa's insurance market.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Samoa (WSMFCLOFINPXDC), retrieved from FRED.