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% |
Ghana compared with similar countries
- Ghana's 2.3% is below the median for lower middle income countries, which is 2.6%, 85% of the median. (30 countries reporting)
- Ghana's 2.3% is above the median for Sub-Saharan Africa, which is 1.9%, 1.2× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Insurance company assets to GDP (%) in Ghana 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 |
|---|---|---|---|
| 2007 | +203.9% | 0.4% | 1.3% |
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 Cote 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
- 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 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.61 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 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.64 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 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.61 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 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.