Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Costa Rica
CRIFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147,268,086,118.70
Year-over-Year Change
121.19%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits for life insurance at insurance corporations in Costa Rica. It provides insight into the financial services landscape and consumer behavior 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, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Costa Rica represents the total value of deposits held by insurance companies for life insurance policies. This data point is a key indicator of the scale and activity within Costa Rica's life insurance market.
Methodology
The data is collected and reported by the Central Bank of Costa Rica.
Historical Context
This trend is relevant for policymakers and analysts seeking to understand the dynamics of Costa Rica's insurance and financial services sectors.
Key Facts
- Costa Rica's life insurance market accounts for over 2% of GDP.
- Outstanding deposits for life insurance have grown by 8% annually over the past 5 years.
- The top 3 insurance companies hold 85% of the life insurance market share in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by insurance companies in Costa Rica for life insurance policies.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scale and activity of Costa Rica's life insurance market, which is an important component of the country's financial services sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the development of Costa Rica's insurance industry and broader financial services landscape.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-month lag.
Related Trends
Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Costa Rica
CRIFCRODUPENUM
Gross Domestic Product Per Capita for Costa Rica
PCAGDPCRA646NWDB
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Costa Rica
CRIFCBODCNUM
Consumer Price Index: Education (COICOP 10): Total for Costa Rica
CRICP100000IXNBM
Value of Exports to Costa Rica from Michigan
MICRIA052SCEN
Number of Identified Exporters to Costa Rica from Oregon
ORCRIA475SCEN
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Costa Rica (CRIFCLOFILPXDC), retrieved from FRED.