Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Fiji
FJIFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
251,312,113.00
Year-over-Year Change
88.96%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the outstanding deposits for non-life insurance at insurance corporations in Fiji. It provides insights into the level of financial services utilization and risk management practices in the Fijian economy.
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 Fiji trend represents the total value of deposits held by insurance companies in Fiji for non-life insurance products. This metric is used by economists and policymakers to assess the development and penetration of the insurance sector within the broader financial system.
Methodology
The data is collected and reported by the Fijian central bank and national statistical agencies.
Historical Context
This trend is relevant for analyzing the depth and resilience of Fiji's financial markets and the ability of households and businesses to manage non-life risks.
Key Facts
- Fiji is a Pacific island nation known for its tourism industry.
- The Fijian dollar is the official currency.
- Insurance penetration in Fiji is lower than other developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by insurance companies in Fiji for non-life insurance products, providing insights into the utilization of financial services and risk management practices.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for analyzing the depth and resilience of Fiji's financial markets and the ability of households and businesses to manage non-life risks, such as natural disasters.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Fijian central bank and national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the development and penetration of the insurance sector within the broader financial system in Fiji.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations based on the availability and reliability of information from Fijian sources.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Fiji (FJIFCLOFINPXDC), retrieved from FRED.