Insurance company assets to GDP (%) in Cyprus
Cyprus: Insurance company assets to GDP (%) was 17.3% in 2020. ▲ Rising
Insurance company assets to GDP in Cyprus, 2007–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2020, insurance company assets to gdp in Cyprus stood at 17.3%.
The figure is up 6.5% on the previous year and up 21.4% over ten years.
Over the whole period, insurance company assets to gdp in Cyprus peaked at 18.5% in 2016 and was at its lowest, 13.0%, in 2008.
That places Cyprus 42nd out of 138 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Insurance company assets to GDP (%) in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 15.5% | — |
| 2008 | 13.0% | -16.1% |
| 2009 | 14.8% | +13.4% |
| 2010 | 14.3% | -3.4% |
| 2011 | 15.4% | +8.0% |
| 2012 | 13.5% | -12.6% |
| 2013 | 13.4% | -0.2% |
| 2014 | 14.4% | +7.4% |
| 2015 | 13.8% | -4.3% |
| 2016 | 18.5% | +33.7% |
| 2017 | 17.2% | -7.0% |
| 2018 | 16.1% | -6.1% |
| 2019 | 16.3% | +0.9% |
| 2020 | 17.3% | +6.5% |
Cyprus compared with similar countries
- Cyprus's 17.3% is below the median for high income countries, which is 17.3%, 100% of the median. (55 countries reporting)
- Cyprus's 17.3% is above the median for Europe & Central Asia, which is 8.7%, 2.0× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.5% | 13.0% | 15.5% | 3 |
| 2010s | 15.3% | 13.4% | 18.5% | 10 |
| 2020s | 17.3% | 17.3% | 17.3% | 1 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- 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 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 84.99 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 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 62.06 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 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 84.99 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 Cyprus?
- Insurance company assets to gdp in Cyprus was 17.3% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Cyprus?
- The highest recorded value was 18.5% in 2016.
- What is the lowest insurance company assets to gdp recorded in Cyprus?
- The lowest recorded value was 13.0% in 2008.
- How does Cyprus rank for insurance company assets to gdp?
- Cyprus ranks 42nd out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Cyprus?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is rising.
- Where does this Cyprus 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.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Data taken from a variety of sources such as AXCO and national sources.