Insurance company assets to GDP in Georgia
Georgia: Insurance company assets to GDP was 1.9% in 2020. ▼ Falling
Insurance company assets to GDP in Georgia, 2008–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2020, insurance company assets to gdp in Georgia stood at 1.9%.
The figure is up 14.3% on the previous year and down 9.8% over ten years.
Over the whole period, insurance company assets to gdp in Georgia peaked at 2.3% in 2012 and was at its lowest, 1.3%, in 2008.
That places Georgia 114th out of 138 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Insurance company assets to GDP in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 1.3% | — |
| 2009 | 1.8% | +40.4% |
| 2010 | 2.1% | +11.5% |
| 2011 | 2.0% | -3.7% |
| 2012 | 2.3% | +17.0% |
| 2013 | 1.9% | -18.9% |
| 2014 | 1.6% | -15.8% |
| 2015 | 1.5% | -2.9% |
| 2016 | 1.5% | -1.3% |
| 2017 | 1.4% | -5.9% |
| 2018 | 1.7% | +17.1% |
| 2019 | 1.6% | -2.7% |
| 2020 | 1.9% | +14.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.6% | 1.3% | 1.8% | 2 |
| 2010s | 1.8% | 1.4% | 2.3% | 10 |
| 2020s | 1.9% | 1.9% | 1.9% | 1 |
Countries ranked near Georgia
More financial sector data for Georgia
- Net domestic credit (current LCU), per capita 19,315 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.99 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.13 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 8.03 million SDR (2025)
- Gold reserves at market value 731.88 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.42 billion SDR (2025)
- Reserves excluding gold 3.76 billion SDR (2025)
- Total reserves (gold at market value) 4.50 billion SDR (2025)
- Total reserves (gold at national valuation) 4.50 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,142 SDR per person (2025)
Frequently asked questions
- What is insurance company assets to gdp in Georgia?
- Insurance company assets to gdp in Georgia was 1.9% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Georgia?
- The highest recorded value was 2.3% in 2012.
- What is the lowest insurance company assets to gdp recorded in Georgia?
- The lowest recorded value was 1.3% in 2008.
- How does Georgia rank for insurance company assets to gdp?
- Georgia ranks 114th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Georgia?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is falling.
- Where does this Georgia 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.