Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Guinea
GINFCAOFILNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
208,928.00
Year-over-Year Change
200.56%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the use of deposit accounts held by non-life insurance corporations in Guinea. It provides insights into the financial services activity of the insurance industry 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: Non-life Insurance Accounts at Insurance Corporations for Guinea series tracks the value of deposit accounts held by non-life insurance companies. This data point is used by economists and policymakers to analyze the financial intermediation activities of the insurance sector in Guinea.
Methodology
The data is collected by the Guinean central bank through surveys of insurance companies operating in the country.
Historical Context
This trend is relevant for understanding the role of the insurance industry in Guinea's financial system and broader economy.
Key Facts
- Guinea is a low-income country in West Africa.
- The insurance industry accounts for a small but growing share of Guinea's financial sector.
- Deposit accounts held by non-life insurers provide a source of funding for insurance activities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of deposit accounts held by non-life insurance corporations in Guinea. It provides insight into the financial services activity of the insurance industry in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of the insurance industry in Guinea's financial system and broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the Guinean central bank through surveys of insurance companies operating in the country.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze the financial intermediation activities of the insurance sector in Guinea.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Guinean central bank.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Guinea (GINFCAOFILNNUM), retrieved from FRED.