Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Romania
ROUFCAOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,999,176.00
Year-over-Year Change
-2.03%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the use of financial services deposit accounts held at insurance corporations in Romania. It provides insights into the level of financial inclusion and access to banking services 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: Accounts at Insurance Corporations for Romania tracks the total value of deposit accounts held at insurance companies by individuals and businesses in Romania. This metric is used by economists and policymakers to assess financial sector development and financial inclusion.
Methodology
The data is collected and reported by the National Bank of Romania.
Historical Context
This trend is relevant for monitoring financial sector stability and progress towards greater financial access in the Romanian economy.
Key Facts
- Romania has a population of approximately 19 million people.
- The financial services sector accounts for around 5% of Romania's GDP.
- Access to banking services remains a challenge for many Romanians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposit accounts held at insurance companies by individuals and businesses in Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to banking services in the Romanian economy, which is important for understanding financial sector development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Romania.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor financial sector stability and progress towards greater financial access in Romania.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or changes in methodology by the National Bank of Romania.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Romania (ROUFCAOFINUM), retrieved from FRED.