Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Thailand
THAFCAOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102,360,168.00
Year-over-Year Change
48.58%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the use of financial services deposit accounts held at insurance corporations in Thailand. It provides insights into the financial activities and savings behavior of the Thai 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: Accounts at Insurance Corporations for Thailand trend tracks the total value of deposit accounts maintained with insurance companies in the country. This metric is useful for analyzing the financial sector's intermediation role and the public's savings preferences.
Methodology
The data is collected by the Bank of Thailand through surveys of financial institutions.
Historical Context
Policymakers and analysts use this trend to assess the depth and diversification of Thailand's financial system.
Key Facts
- Thailand's insurance deposit accounts totaled $XXX billion in [latest year].
- Deposit accounts at insurance firms account for X% of total financial system deposits in Thailand.
- The trend has grown at an average annual rate of X% over the past [X] years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposit accounts held with insurance companies in Thailand. It provides insights into the public's use of insurance firms for financial intermediation and savings.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for assessing the depth and diversification of Thailand's financial system, as well as understanding household savings behavior and the role of insurance companies in financial intermediation.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Thailand through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the development of Thailand's financial sector and identify opportunities to promote greater financial inclusion and intermediation.
Q: Are there update delays or limitations?
A: There may be a [X]-month delay in the availability of the most recent data. The trend does not capture all deposit-taking activities outside the formal financial system.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Thailand (THAFCAOFINUM), retrieved from FRED.