Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Georgia
GEOFCAOFILNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,030,302.00
Year-over-Year Change
-9.79%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the use of non-life insurance deposit accounts by insurance corporations in Georgia. It provides insights into the financial services and insurance industry activity in the state.
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: Non-life Insurance Accounts at Insurance Corporations for Georgia series tracks the balances held in deposit accounts by insurance companies for non-life insurance products in the state of Georgia. This data is used by economists and policymakers to analyze trends in the insurance and financial services sectors.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of insurance corporations.
Historical Context
This trend is relevant for understanding the broader financial landscape and insurance industry dynamics in Georgia.
Key Facts
- Georgia's non-life insurance deposit account balances totaled $X.XX billion in the latest period.
- Insurance industry deposit accounts have grown by Y% over the past Z years in Georgia.
- Deposit account usage varies across different non-life insurance product lines in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the balances held in deposit accounts by insurance companies for non-life insurance products in the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial services and insurance industry activity in Georgia, which is useful for economists and policymakers analyzing economic and market trends.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of insurance corporations.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the broader financial landscape and insurance industry dynamics in Georgia, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of the Federal Reserve's survey and reporting processes.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Georgia (GEOFCAOFILNNUM), retrieved from FRED.