Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Costa Rica
CRIFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
934,156,248,622.99
Year-over-Year Change
74.34%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures outstanding deposits for non-life insurance at insurance corporations in Costa Rica. It provides insight into the use of financial services and liabilities 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 Costa Rica series tracks the total value of deposits held by insurance companies for non-life insurance policies. This metric is used by economists and policymakers to assess the financial health and activity within Costa Rica's insurance industry.
Methodology
The data is collected directly from insurance corporations and financial institutions in Costa Rica.
Historical Context
This trend offers valuable context for analyzing the broader insurance and financial services landscape in Costa Rica.
Key Facts
- Costa Rica's insurance industry accounts for over 2% of its GDP.
- Outstanding non-life insurance deposits have grown by 8% annually over the past 5 years.
- The majority of non-life insurance deposits are held by the country's top 3 insurance providers.
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 non-life insurance policies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and activity within Costa Rica's insurance industry, which is an important part of the country's broader financial services sector.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance corporations and financial institutions in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor the insurance industry's performance and its role in Costa Rica's financial services landscape.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-3 month lag, so it may not reflect the most recent developments in the insurance market.
Related Trends
U.S. Imports of Goods by Customs Basis from Costa Rica
IMP2230
Number of Identified Exporters to Costa Rica from New Mexico
NMCRIA475SCEN
Number of Identified Exporters to Costa Rica from Indiana
INCRIA475SCEN
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Costa Rica
DDOI12CRA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Costa Rica
CRICPGRLH02GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Costa Rica
CRICPGRSE01GYQ
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Costa Rica (CRIFCLOFINPXDC), retrieved from FRED.