Norway vs South Africa: Insurance company assets to GDP

Norway
53.2%
in 2020
South Africa
60.1%
in 2020
Norway rank
21st
South Africa rank
18th

Insurance company assets to GDP over time

  • Norway
  • South Africa
0204060199720082020

How they compare

South Africa currently reports 60.1% against 53.2% in Norway, a difference of 6.9%.

That makes South Africa's figure about 1.1 times Norway's.

The two have swapped places 2 times across 20 shared years of data; in 2000 it was South Africa ahead.

Norway ranks 21st and South Africa ranks 18th of 138 countries.

South Africa has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Norway South Africa Difference Ahead
2000s 35.7% 35.7% 0.1% South Africa
2010s 45.4% 57.8% 12.5% South Africa
2020s 53.2% 60.1% 6.9% South Africa

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance company assets to gdp, Norway or South Africa?
South Africa, at 60.1% against 53.2% in Norway as of 2020.
What is the difference in insurance company assets to gdp between Norway and South Africa?
6.9%, with South Africa ahead.
How many years of comparable data are there for Norway and South Africa?
20 years are reported by both, from 2000 to 2020.
How do Norway and South Africa rank globally for insurance company assets to gdp?
Norway ranks 21st and South Africa ranks 18th of 138 countries.
Where does this data come from?
Nonbanking financial database, World Bank, published as Insurance company assets to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Norway vs South Africa: Insurance company assets to GDP. Statizoid, drawing on Nonbanking financial database, World Bank. Retrieved 14 September 2026, from https://financial-sector.statizoid.com/compare/insurance-company-assets-to-gdp-percent/norway/south-africa/

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About this data

Indicator
Insurance company assets to GDP (%)
Unit
%
Source
Nonbanking financial database, World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
138 places, 2,595 data points, 1980–2020
Last refreshed

Data taken from a variety of sources such as AXCO and national sources.