Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Rwanda
RWAFCLOFILPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,711,000,000.00
Year-over-Year Change
258.72%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the outstanding deposits for life insurance at insurance corporations in Rwanda. It provides insight into the use of financial services and the level of liabilities in the Rwandan 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, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Rwanda metric tracks the total value of deposits held by insurance companies for life insurance policies. This data point is an important indicator of financial intermediation and risk management in the Rwandan economy.
Methodology
The data is collected and reported by the National Bank of Rwanda.
Historical Context
Policymakers and analysts use this metric to assess the development and stability of Rwanda's insurance sector.
Key Facts
- Rwanda is a developing economy in East Africa.
- The insurance industry is an important part of Rwanda's financial sector.
- Outstanding deposits for life insurance have grown in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by insurance companies in Rwanda for life insurance policies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the development and stability of Rwanda's insurance sector, which is an important part of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the growth and performance of the Rwandan insurance industry, which is crucial for financial intermediation and risk management.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the National Bank of Rwanda.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Life Insurance at Insurance Corporations for Rwanda (RWAFCLOFILPXDC), retrieved from FRED.