Insurance company assets to GDP in Australia
Australia: Insurance company assets to GDP was 12.6% in 2020. ▼ Falling
Insurance company assets to GDP in Australia, 1988–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2020, insurance company assets to gdp in Australia stood at 12.6%. That is the lowest value across all 33 years on record.
Compared with earlier readings it is down 16.3% on the previous year and down 47.9% over ten years.
Over the whole period, insurance company assets to gdp in Australia peaked at 41.8% in 2006 and was at its lowest, 12.6%, in 2020.
That places Australia 46th out of 138 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 33 years of available data.
Insurance company assets to GDP in Australia, year by year
| Year | % | Change |
|---|---|---|
| 1988 | 22.8% | — |
| 1989 | 24.2% | +6.2% |
| 1990 | 22.3% | -7.9% |
| 1991 | 29.4% | +31.9% |
| 1992 | 29.5% | +0.5% |
| 1993 | 35.6% | +20.7% |
| 1994 | 32.4% | -8.9% |
| 1995 | 33.4% | +2.9% |
| 1996 | 34.3% | +2.9% |
| 1997 | 36.7% | +6.9% |
| 1998 | 40.0% | +9.1% |
| 1999 | 40.7% | +1.6% |
| 2000 | 40.3% | -0.9% |
| 2001 | 40.0% | -0.8% |
| 2002 | 38.7% | -3.2% |
| 2003 | 40.8% | +5.5% |
| 2004 | 41.1% | +0.8% |
| 2005 | 41.7% | +1.4% |
| 2006 | 41.8% | +0.3% |
| 2007 | 40.8% | -2.3% |
| 2008 | 32.0% | -21.7% |
| 2009 | 25.3% | -20.9% |
| 2010 | 24.2% | -4.4% |
| 2011 | 22.7% | -6.2% |
| 2012 | 23.1% | +1.7% |
| 2013 | 23.9% | +3.7% |
| 2014 | 24.4% | +2.1% |
| 2015 | 24.5% | +0.2% |
| 2016 | 19.8% | -19.0% |
| 2017 | 18.7% | -5.8% |
| 2018 | 18.0% | -3.5% |
| 2019 | 15.0% | -16.5% |
| 2020 | 12.6% | -16.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 23.5% | 22.8% | 24.2% | 2 |
| 1990s | 33.4% | 22.3% | 40.7% | 10 |
| 2000s | 38.2% | 25.3% | 41.8% | 10 |
| 2010s | 21.4% | 15.0% | 24.5% | 10 |
| 2020s | 12.6% | 12.6% | 12.6% | 1 |
Countries ranked near Australia
More financial sector data for Australia
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 8.19 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0183 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,189 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 8.62 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,642 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 14.51 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,921 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 14.5 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,921 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 17.18 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in Australia?
- Insurance company assets to gdp in Australia was 12.6% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Australia?
- The highest recorded value was 41.8% in 2006.
- What is the lowest insurance company assets to gdp recorded in Australia?
- The lowest recorded value was 12.6% in 2020.
- How does Australia rank for insurance company assets to gdp?
- Australia ranks 46th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Australia?
- Over the last ten years it is down 47.9%. The long-run trend across the full record is falling.
- Where does this Australia 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.