Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Romania
ROUFCAOFILPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,061,174.00
Year-over-Year Change
-42.06%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the use of financial services deposit accounts, specifically life insurance accounts at insurance corporations in Romania. It provides insights into the savings and investment behavior of the Romanian population.
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 Romania' series tracks the value of life insurance accounts held by individuals and households with insurance corporations in Romania. This metric is useful for analyzing the financial health and savings patterns of the Romanian population.
Methodology
The data is collected by the National Bank of Romania through surveys of insurance corporations operating in the country.
Historical Context
This trend is relevant for policymakers and financial analysts seeking to understand the broader savings and investment landscape in Romania.
Key Facts
- Romania has a population of over 19 million people.
- The insurance industry in Romania is relatively small compared to other European countries.
- Life insurance accounts make up a significant portion of household financial assets in Romania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of life insurance accounts held by individuals and households with insurance corporations in Romania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the savings and investment behavior of the Romanian population, which is important for understanding the broader financial landscape in the country.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Romania through surveys of insurance corporations operating in the country.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial analysts seeking to understand the savings and investment patterns of the Romanian population, which can inform economic policies and financial regulations.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the data, as it is collected through surveys of insurance corporations.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Romania (ROUFCAOFILPNUM), retrieved from FRED.