Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Bosnia and Herzegovina
BIHFCAOFILPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
972,357.00
Year-over-Year Change
243.69%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the total value of life insurance accounts held at insurance corporations in Bosnia and Herzegovina. It provides insight into the usage of financial services and deposit accounts within the country's 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 Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Bosnia and Herzegovina' series tracks the aggregate value of life insurance policies and accounts maintained with insurance providers in the country. This data point is useful for analyzing the size and growth of the insurance sector and consumer demand for life insurance products.
Methodology
The data is collected and reported by the Central Bank of Bosnia and Herzegovina.
Historical Context
This economic indicator offers insights relevant to policymakers, financial analysts, and insurance industry participants.
Key Facts
- Bosnia and Herzegovina has a population of around 3.3 million.
- The insurance industry accounts for approximately 2% of the country's GDP.
- Life insurance products are a key component of the Bosnian financial services sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of life insurance accounts held at insurance corporations in Bosnia and Herzegovina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and growth of the insurance sector and consumer demand for life insurance products in Bosnia and Herzegovina.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: This indicator offers insights relevant to policymakers, financial analysts, and insurance industry participants in Bosnia and Herzegovina.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodologies of the Central Bank of Bosnia and Herzegovina.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Bosnia and Herzegovina (BIHFCAOFILPNUM), retrieved from FRED.