Insurance company assets to GDP (%) in Canada
Canada: Insurance company assets to GDP (%) was 83.7% in 2020. ▲ Rising
Insurance company assets to GDP in Canada, 2003–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
The most recent figure for insurance company assets to gdp in Canada is 83.7%, measured in 2020. That is the highest value across all 18 years on record.
That represents a change of up 12.9% on the previous year and up 126.8% over ten years.
Over the whole period, insurance company assets to gdp in Canada peaked at 83.7% in 2020 and was at its lowest, 25.8%, in 2003.
Canada ranks 10th of 138 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Insurance company assets to GDP (%) in Canada, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 25.8% | — |
| 2004 | 26.3% | +2.0% |
| 2005 | 26.9% | +2.4% |
| 2006 | 28.4% | +5.6% |
| 2007 | 28.5% | +0.2% |
| 2008 | 30.3% | +6.3% |
| 2009 | 37.5% | +24.0% |
| 2010 | 36.9% | -1.7% |
| 2011 | 60.9% | +65.1% |
| 2012 | 62.3% | +2.3% |
| 2013 | 66.0% | +5.9% |
| 2014 | 70.1% | +6.2% |
| 2015 | 77.1% | +9.9% |
| 2016 | 77.8% | +1.0% |
| 2017 | 73.6% | -5.4% |
| 2018 | 70.2% | -4.7% |
| 2019 | 74.1% | +5.6% |
| 2020 | 83.7% | +12.9% |
Canada compared with similar countries
- Canada's 83.7% is above the median for high income countries, which is 17.3%, 4.8× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Insurance company assets to GDP (%) in Canada 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 |
|---|---|---|---|
| 2011 | +65.1% | 36.9% | 60.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.1% | 25.8% | 37.5% | 7 |
| 2010s | 66.9% | 36.9% | 77.8% | 10 |
| 2020s | 83.7% | 83.7% | 83.7% | 1 |
Countries ranked near Canada
- 7 United Kingdom 105.7% compare
- 8 Switzerland 100.9% compare
- 9 Ireland 91.4% compare
- 11 Belgium 81.9% compare
- 12 Japan 80.2% compare
- 13 South Korea 73.6% compare
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in Canada?
- Insurance company assets to gdp in Canada was 83.7% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Canada?
- The highest recorded value was 83.7% in 2020.
- What is the lowest insurance company assets to gdp recorded in Canada?
- The lowest recorded value was 25.8% in 2003.
- How does Canada rank for insurance company assets to gdp?
- Canada ranks 10th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Canada?
- Over the last ten years it is up 126.8%. The long-run trend across the full record is rising.
- Where does this Canada 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.