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% |
Georgia compared with similar countries
- Georgia's 1.9% is below the median for upper middle income countries, which is 4.9%, 38% of the median. (40 countries reporting)
- Georgia's 1.9% is below the median for Europe & Central Asia, which is 8.7%, 21% of the median. (45 countries reporting)
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
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0076 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0055 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0076 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 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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CSV · JSON — 13 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.