Insurance company assets to GDP in Ghana
Ghana: Insurance company assets to GDP was 2.3% in 2017. ▲ Rising
Insurance company assets to GDP in Ghana, 2003–2017
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Ghana recorded 2.3% for insurance company assets to gdp in 2017. That is the highest value across all 15 years on record.
That represents a change of up 8.0% on the previous year and up 69.7% over ten years.
Over the whole period, insurance company assets to gdp in Ghana peaked at 2.3% in 2017 and was at its lowest, 0.4%, in 2003.
That places Ghana 106th out of 138 countries with data for 2017, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Insurance company assets to GDP in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 0.4% | — |
| 2004 | 0.5% | +15.1% |
| 2005 | 0.4% | -12.8% |
| 2006 | 0.4% | +3.9% |
| 2007 | 1.3% | +203.9% |
| 2008 | 1.5% | +11.1% |
| 2009 | 1.5% | +0.1% |
| 2010 | 1.5% | +4.4% |
| 2011 | 1.4% | -9.0% |
| 2012 | 1.3% | -10.6% |
| 2013 | 1.4% | +11.6% |
| 2014 | 1.5% | +4.8% |
| 2015 | 1.7% | +15.9% |
| 2016 | 2.1% | +22.7% |
| 2017 | 2.3% | +8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9% | 0.4% | 1.5% | 7 |
| 2010s | 1.6% | 1.3% | 2.3% | 8 |
Countries ranked near Ghana
- 103 Bangladesh 2.6% compare
- 104 Côte d'Ivoire 2.5% compare
- 105 Albania 2.4% compare
- 107 Romania 2.2% compare
- 108 Kazakhstan 2.1% compare
- 109 Dominican Republic 2.0% compare
More financial sector data for Ghana
- Net domestic credit (current LCU), per capita 7,823 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 3.23 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 13.42 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 9.84 million SDR (2023)
- Gold reserves at market value 431.95 million SDR (2023)
- Reserves excluding gold, foreign exchange 3.34 billion SDR (2024)
- Reserves excluding gold 3.43 billion SDR (2024)
- Total reserves (gold at market value) 3.43 billion SDR (2024)
- Total reserves (gold at national valuation) 5.36 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 155.67 SDR per person (2024)
Frequently asked questions
- What is insurance company assets to gdp in Ghana?
- Insurance company assets to gdp in Ghana was 2.3% in 2017, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Ghana?
- The highest recorded value was 2.3% in 2017.
- What is the lowest insurance company assets to gdp recorded in Ghana?
- The lowest recorded value was 0.4% in 2003.
- How does Ghana rank for insurance company assets to gdp?
- Ghana ranks 106th out of 138 countries with data for 2017.
- Is insurance company assets to gdp rising or falling in Ghana?
- Over the last ten years it is up 69.7%. The long-run trend across the full record is rising.
- Where does this Ghana 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.