Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Fiji
FJIFCAOFILPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101,415.00
Year-over-Year Change
15.62%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the use of life insurance deposit accounts at insurance corporations in Fiji. It provides insights into the financial services and insurance landscape 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 Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Fiji data series tracks the total value of life insurance deposit accounts held by individuals and businesses with insurance companies operating in Fiji. This metric is used by economists and policymakers to assess the development and utilization of insurance and financial services in the Fijian economy.
Methodology
The data is collected by the Fijian government's statistical agency through surveys of insurance providers.
Historical Context
This trend is relevant for understanding the role of the insurance industry and financial services in Fiji's economic and social development.
Key Facts
- Fiji has a population of approximately 900,000 people.
- The insurance industry accounts for over 2% of Fiji's GDP.
- Life insurance is the largest segment of Fiji's insurance market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of life insurance deposit accounts held by individuals and businesses with insurance companies operating in Fiji.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the development and utilization of insurance and financial services in the Fijian economy, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the Fijian government's statistical agency through surveys of insurance providers.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the role of the insurance industry and financial services in Fiji's economic and social development.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in coverage or reporting by insurance providers.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Fiji (FJIFCAOFILPNUM), retrieved from FRED.