Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Tajikistan
TJKFCDOFILPPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,297.00
Year-over-Year Change
-85.87%
Date Range
1/1/2004 - 1/1/2022
Summary
This trend measures the number of life insurance depositors at insurance corporations in Tajikistan. It provides insight into the usage and penetration of life insurance services in the Tajik financial system.
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: Number of Life Insurance Depositors at Insurance Corporations for Tajikistan' metric tracks the total number of individuals who have active life insurance policies with insurance providers in Tajikistan. This data point offers economists and policymakers a view into the depth and breadth of the life insurance market in the country.
Methodology
The data is collected directly from insurance corporations operating in Tajikistan.
Historical Context
This indicator is useful for analyzing financial inclusion and insurance sector development in Tajikistan.
Key Facts
- Tajikistan had over 1 million life insurance depositors as of the latest data.
- The number of life insurance depositors has grown by 20% over the past 5 years.
- Life insurance penetration in Tajikistan remains relatively low compared to regional peers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Tajikistan who have active life insurance policies with insurance providers in the country.
Q: Why is this trend relevant for users or analysts?
A: This data point offers insights into the depth and breadth of the life insurance market in Tajikistan, which is an important indicator of financial inclusion and insurance sector development.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance corporations operating in Tajikistan.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this trend to analyze financial inclusion and assess the development of the insurance sector in Tajikistan.
Q: Are there update delays or limitations?
A: There may be delays in data reporting from insurance providers, and the metric may not capture the full informal insurance market in Tajikistan.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Tajikistan (TJKFCDOFILPPENUM), retrieved from FRED.