Insurance company assets to GDP (%) in Belgium
Belgium: Insurance company assets to GDP (%) was 81.9% in 2020. ◆ Volatile
Insurance company assets to GDP in Belgium, 1980–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
The most recent figure for insurance company assets to gdp in Belgium is 81.9%, measured in 2020. That is the highest value across all 41 years on record.
That represents a change of up 9.2% on the previous year and up 19.6% over ten years.
Over the whole period, insurance company assets to gdp in Belgium peaked at 81.9% in 2020 and was at its lowest, 7.3%, in 1980.
That places Belgium 11th out of 138 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance company assets to GDP (%) in Belgium, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 7.3% | — |
| 1981 | 7.7% | +5.5% |
| 1982 | 7.9% | +2.7% |
| 1983 | 8.5% | +7.0% |
| 1984 | 8.7% | +1.9% |
| 1985 | 8.9% | +2.8% |
| 1986 | 10.0% | +11.9% |
| 1987 | 11.1% | +10.9% |
| 1988 | 11.5% | +4.3% |
| 1989 | 11.7% | +1.4% |
| 1990 | 12.0% | +2.8% |
| 1991 | 12.6% | +4.6% |
| 1992 | 23.7% | +88.3% |
| 1993 | 26.0% | +9.6% |
| 1994 | 25.9% | -0.3% |
| 1995 | 27.5% | +6.3% |
| 1996 | 31.2% | +13.3% |
| 1997 | 35.5% | +13.7% |
| 1998 | 41.8% | +17.8% |
| 1999 | 43.5% | +4.3% |
| 2000 | 43.5% | -0.1% |
| 2001 | 45.1% | +3.6% |
| 2002 | 45.3% | +0.6% |
| 2003 | 50.1% | +10.6% |
| 2004 | 56.4% | +12.4% |
| 2005 | 61.1% | +8.4% |
| 2006 | 63.5% | +3.9% |
| 2007 | 64.2% | +1.1% |
| 2008 | 61.3% | -4.5% |
| 2009 | 68.2% | +11.1% |
| 2010 | 68.5% | +0.5% |
| 2011 | 68.0% | -0.7% |
| 2012 | 73.6% | +8.2% |
| 2013 | 72.5% | -1.4% |
| 2014 | 78.7% | +8.6% |
| 2015 | 76.2% | -3.2% |
| 2016 | 73.0% | -4.2% |
| 2017 | 70.1% | -3.9% |
| 2018 | 68.5% | -2.4% |
| 2019 | 75.0% | +9.5% |
| 2020 | 81.9% | +9.2% |
Belgium compared with similar countries
- Belgium's 81.9% is above the median for high income countries, which is 17.3%, 4.7× the median. (55 countries reporting)
- Belgium's 81.9% is above the median for Europe & Central Asia, which is 8.7%, 9.5× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance company assets to GDP (%) in Belgium changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +88.3% | 12.6% | 23.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.3% | 7.3% | 11.7% | 10 |
| 1990s | 28.0% | 12.0% | 43.5% | 10 |
| 2000s | 55.9% | 43.5% | 68.2% | 10 |
| 2010s | 72.4% | 68.0% | 78.7% | 10 |
| 2020s | 81.9% | 81.9% | 81.9% | 1 |
Countries ranked near Belgium
- 8 Switzerland 100.9% compare
- 9 Ireland 91.4% compare
- 10 Canada 83.7% compare
- 12 Japan 80.2% compare
- 13 South Korea 73.6% compare
- 14 Netherlands 69.0% compare
More financial sector data for Belgium
- Reserve position in the IMF, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 193.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.35 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 141.16 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 193.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.35 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in Belgium?
- Insurance company assets to gdp in Belgium was 81.9% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Belgium?
- The highest recorded value was 81.9% in 2020.
- What is the lowest insurance company assets to gdp recorded in Belgium?
- The lowest recorded value was 7.3% in 1980.
- How does Belgium rank for insurance company assets to gdp?
- Belgium ranks 11th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Belgium?
- Over the last ten years it is up 19.6%. The long-run trend across the full record is volatile.
- Where does this Belgium 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.