Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for West Bank and Gaza
WBGFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
341,000,000.00
Year-over-Year Change
134.97%
Date Range
1/1/2012 - 1/1/2021
Summary
This economic trend measures the outstanding deposits for non-life insurance at insurance corporations in the West Bank and Gaza. It provides insight into the utilization of financial services in this region.
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 Non-life Insurance at Insurance Corporations for West Bank and Gaza trend represents the total value of deposits held by insurance companies for non-life insurance products. This metric reflects the level of financial intermediation and risk management activities in the local economy.
Methodology
The data is collected directly from insurance corporations operating in the West Bank and Gaza.
Historical Context
This trend is relevant for policymakers and analysts assessing the development of the financial sector and insurance industry in the region.
Key Facts
- This trend has been recorded since 2005.
- Outstanding deposits for non-life insurance represent about 10% of total financial services liabilities in the region.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by insurance corporations in the West Bank and Gaza for non-life insurance products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of financial intermediation and risk management activities in the local economy, which is useful for policymakers and economists analyzing the development of the insurance industry in the region.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance corporations operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing the development of the financial sector and insurance industry in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data is updated regularly, with a typical delay of 1-2 quarters.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for West Bank and Gaza (WBGFCLOFINPXDC), retrieved from FRED.