Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Rwanda
RWAFCAOFILNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
407,962.00
Year-over-Year Change
-16.58%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the use of non-life insurance deposit accounts at insurance corporations in Rwanda. It provides insight into the activity and growth of the country's insurance industry.
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 Rwanda series tracks the volume of deposits held in non-life insurance accounts by insurance providers in the country. This metric offers valuable data on the size and activity of Rwanda's insurance sector.
Methodology
The data is collected by the National Bank of Rwanda through surveys of insurance companies.
Historical Context
This trend is relevant for policymakers and analysts seeking to understand the development of Rwanda's financial services and insurance markets.
Key Facts
- Rwanda's non-life insurance deposit accounts have grown steadily in recent years.
- The insurance industry is an important part of Rwanda's financial sector.
- Tracking this metric provides insights into the country's economic progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of non-life insurance deposit accounts held at insurance corporations in Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable insights into the size and activity of Rwanda's insurance industry, which is an important part of the country's financial sector and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda through surveys of insurance companies operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this trend to monitor the growth and evolution of Rwanda's insurance market, which can inform financial sector policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the National Bank of Rwanda, but there may be occasional delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Rwanda (RWAFCAOFILNNUM), retrieved from FRED.