Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Thailand
THAFCAOFILPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,424,489.00
Year-over-Year Change
25.74%
Date Range
1/1/2007 - 1/1/2024
Summary
The 'Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Thailand' metric tracks the total value of life insurance account deposits held at insurance companies in Thailand.
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
This economic indicator provides insight into the level of financial intermediation and household savings in Thailand's insurance sector. Analysts and policymakers use this data to assess the depth and development of the country's insurance and financial services industry.
Methodology
The data is collected and reported by the Bank of Thailand.
Historical Context
This metric is relevant for understanding the Thai government's policies and regulations around the insurance industry and financial services.
Key Facts
- Thailand's life insurance account deposits totaled over 7.5 trillion Thai baht in 2021.
- The value of these deposits has grown by over 50% in the past decade.
- The insurance industry accounts for a significant portion of Thailand's financial services sector.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of life insurance account deposits held at insurance companies in Thailand.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of financial intermediation and household savings in Thailand's insurance sector, which is relevant for assessing the depth and development of the country's financial services industry.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Thailand.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding the Thai government's policies and regulations around the insurance industry and financial services.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data by the Bank of Thailand.
Related Trends
Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Thailand
CRDQTHBPABIS
Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Thailand
THAFCAODCHANUM
Net Issues of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Thailand
IDSNFAMRINITH
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Deposit Takers for Thailand
THAFCLODDHXDC
Population, Total for Thailand
POPTOTTHA647NWDB
Value of Exports to Thailand from North Carolina
NCTHAA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Thailand (THAFCAOFILPNUM), retrieved from FRED.