Insurance company assets to GDP in Armenia
Armenia: Insurance company assets to GDP was 1.1% in 2020. ▲ Rising
Insurance company assets to GDP in Armenia, 2006–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2020, insurance company assets to gdp in Armenia stood at 1.1%. That is the highest value across all 14 years on record.
The figure is up 7.8% on the previous year and up 49.0% over ten years.
Over the whole period, insurance company assets to gdp in Armenia peaked at 1.1% in 2020 and was at its lowest, 0.3%, in 2006.
Armenia ranks 125th of 138 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Insurance company assets to GDP in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2006 | 0.3% | — |
| 2008 | 0.3% | +2.6% |
| 2009 | 0.5% | +65.1% |
| 2010 | 0.7% | +36.9% |
| 2011 | 0.8% | +12.4% |
| 2012 | 0.9% | +8.0% |
| 2013 | 1.1% | +22.1% |
| 2014 | 0.9% | -18.1% |
| 2015 | 0.8% | -9.3% |
| 2016 | 0.9% | +13.0% |
| 2017 | 0.9% | -3.4% |
| 2018 | 0.9% | -3.5% |
| 2019 | 1.0% | +19.1% |
| 2020 | 1.1% | +7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.4% | 0.3% | 0.5% | 3 |
| 2010s | 0.9% | 0.7% | 1.1% | 10 |
| 2020s | 1.1% | 1.1% | 1.1% | 1 |
Countries ranked near Armenia
- 122 Madagascar 1.3% compare
- 123 Papua New Guinea 1.3% compare
- 124 Angola 1.3% compare
- 126 Nigeria 1.0% compare
- 127 Mongolia 1.0% compare
- 128 Lao People's Democratic Republic 0.9% compare
More financial sector data for Armenia
- Net domestic credit (current LCU), per capita 3.10 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 327.57 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 17.7 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 3.71 billion SDR (2025)
- Reserves excluding gold 3.72 billion SDR (2025)
- Total reserves (gold at market value) 3.72 billion SDR (2025)
- Total reserves (gold at national valuation) 3.72 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,204 SDR per person (2025)
Frequently asked questions
- What is insurance company assets to gdp in Armenia?
- Insurance company assets to gdp in Armenia was 1.1% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Armenia?
- The highest recorded value was 1.1% in 2020.
- What is the lowest insurance company assets to gdp recorded in Armenia?
- The lowest recorded value was 0.3% in 2006.
- How does Armenia rank for insurance company assets to gdp?
- Armenia ranks 125th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Armenia?
- Over the last ten years it is up 49.0%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Nonbanking financial database, World Bank, published as part of Insurance company assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Data taken from a variety of sources such as AXCO and national sources.