Insurance company assets to GDP (%) in Barbados
Barbados: Insurance company assets to GDP (%) was 35.0% in 2019. ▲ Rising
Insurance company assets to GDP in Barbados, 2002–2019
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2019, insurance company assets to gdp in Barbados stood at 35.0%.
Compared with earlier readings it is up 2.7% on the previous year and up 27.4% over ten years.
Over the whole period, insurance company assets to gdp in Barbados peaked at 37.6% in 2016 and was at its lowest, 12.2%, in 2002.
That places Barbados 25th out of 138 countries with data for 2019, putting it in the top quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Insurance company assets to GDP (%) in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 12.2% | — |
| 2003 | 13.3% | +9.2% |
| 2004 | 16.8% | +26.0% |
| 2005 | 22.9% | +36.3% |
| 2006 | 22.0% | -3.7% |
| 2009 | 27.5% | +24.9% |
| 2010 | 27.5% | -0.1% |
| 2011 | 28.0% | +1.7% |
| 2012 | 34.1% | +21.9% |
| 2013 | 32.3% | -5.3% |
| 2014 | 32.2% | -0.3% |
| 2015 | 34.4% | +6.8% |
| 2016 | 37.6% | +9.4% |
| 2017 | 35.7% | -5.2% |
| 2018 | 34.1% | -4.4% |
| 2019 | 35.0% | +2.7% |
Barbados compared with similar countries
- Barbados's 35.0% is above the median for high income countries, which is 17.3%, 2.0× the median. (55 countries reporting)
- Barbados's 35.0% is above the median for Latin America & Caribbean, which is 7.3%, 4.8× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.1% | 12.2% | 27.5% | 6 |
| 2010s | 33.1% | 27.5% | 37.6% | 10 |
Countries ranked near Barbados
More financial sector data for Barbados
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0022 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 61.36 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 44.81 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0022 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 61.36 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in Barbados?
- Insurance company assets to gdp in Barbados was 35.0% in 2019, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Barbados?
- The highest recorded value was 37.6% in 2016.
- What is the lowest insurance company assets to gdp recorded in Barbados?
- The lowest recorded value was 12.2% in 2002.
- How does Barbados rank for insurance company assets to gdp?
- Barbados ranks 25th out of 138 countries with data for 2019.
- Is insurance company assets to gdp rising or falling in Barbados?
- Over the last ten years it is up 27.4%. The long-run trend across the full record is rising.
- Where does this Barbados 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.