Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Aruba
ABWFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,646,000,000.00
Year-over-Year Change
131.18%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures outstanding deposits for life insurance at insurance corporations in Aruba. It provides insights into the use of financial services and the liabilities of the insurance industry in the country.
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 Aruba trend tracks the total value of deposits held by insurance companies in Aruba for life insurance policies. This metric offers a window into the scale and activity of the insurance sector and its role in the broader financial system.
Methodology
The data is collected directly from insurance companies operating in Aruba.
Historical Context
This trend is relevant for analyzing the financial health and intermediation capacity of Aruba's insurance industry.
Key Facts
- Aruba has a population of over 110,000 people.
- The insurance industry is a key component of Aruba's financial sector.
- Life insurance deposits account for a significant share of insurance liabilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by insurance companies in Aruba for life insurance policies.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the scale and activity of the insurance sector in Aruba, which is an important part of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance companies operating in Aruba.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the financial health and intermediation capacity of Aruba's insurance industry, which can inform economic policymaking.
Q: Are there update delays or limitations?
A: The data may be subject to update delays based on the reporting schedules of insurance companies in Aruba.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Aruba (ABWFCLOFILPXDC), retrieved from FRED.