Insurance company assets to GDP in Hungary
Hungary: Insurance company assets to GDP was 6.8% in 2020. ▲ Rising
Insurance company assets to GDP in Hungary, 1989–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2020, insurance company assets to gdp in Hungary stood at 6.8%.
Compared with earlier readings it is up 6.7% on the previous year and down 22.1% over ten years.
Over the whole period, insurance company assets to gdp in Hungary peaked at 9.0% in 2009 and was at its lowest, 1.6%, in 1989.
That places Hungary 66th 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 32 years of available data.
Insurance company assets to GDP in Hungary, year by year
| Year | % | Change |
|---|---|---|
| 1989 | 1.6% | — |
| 1990 | 1.9% | +17.3% |
| 1991 | 2.1% | +9.7% |
| 1992 | 1.9% | -5.8% |
| 1993 | 2.6% | +33.9% |
| 1994 | 3.2% | +23.9% |
| 1995 | 3.2% | +1.0% |
| 1996 | 3.9% | +21.0% |
| 1997 | 4.1% | +3.8% |
| 1998 | 4.3% | +5.0% |
| 1999 | 5.1% | +18.3% |
| 2000 | 5.5% | +9.4% |
| 2001 | 5.5% | -0.2% |
| 2002 | 5.8% | +5.1% |
| 2003 | 5.9% | +2.3% |
| 2004 | 6.6% | +10.3% |
| 2005 | 7.3% | +12.1% |
| 2006 | 8.1% | +10.0% |
| 2007 | 8.8% | +8.5% |
| 2008 | 7.8% | -10.7% |
| 2009 | 9.0% | +15.3% |
| 2010 | 8.8% | -2.8% |
| 2011 | 8.3% | -6.0% |
| 2012 | 8.0% | -3.1% |
| 2013 | 7.8% | -2.7% |
| 2014 | 7.5% | -3.8% |
| 2015 | 6.8% | -8.6% |
| 2016 | 7.2% | +6.0% |
| 2017 | 7.1% | -2.5% |
| 2018 | 6.4% | -9.4% |
| 2019 | 6.4% | +0.3% |
| 2020 | 6.8% | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.6% | 1.6% | 1.6% | 1 |
| 1990s | 3.2% | 1.9% | 5.1% | 10 |
| 2000s | 7.0% | 5.5% | 9.0% | 10 |
| 2010s | 7.4% | 6.4% | 8.8% | 10 |
| 2020s | 6.8% | 6.8% | 6.8% | 1 |
Countries ranked near Hungary
- 63 Guyana 7.6% compare
- 64 United Arab Emirates 7.3% compare
- 65 Costa Rica 7.1% compare
- 67 New Zealand 6.8% compare
- 68 Panama 6.7% compare
- 69 Estonia 6.7% compare
More financial sector data for Hungary
- Net domestic credit (current LCU), per capita 4.99 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 214.29 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 9.38 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 123.80 million SDR (2025)
- Gold reserves at market value 11.28 billion SDR (2025)
- Reserves excluding gold, foreign exchange 29.95 billion SDR (2025)
- Reserves excluding gold 31.87 billion SDR (2025)
- Total reserves (gold at market value) 43.15 billion SDR (2025)
- Total reserves (gold at national valuation) 43.04 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,524 SDR per person (2025)
Frequently asked questions
- What is insurance company assets to gdp in Hungary?
- Insurance company assets to gdp in Hungary was 6.8% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Hungary?
- The highest recorded value was 9.0% in 2009.
- What is the lowest insurance company assets to gdp recorded in Hungary?
- The lowest recorded value was 1.6% in 1989.
- How does Hungary rank for insurance company assets to gdp?
- Hungary ranks 66th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Hungary?
- Over the last ten years it is down 22.1%. The long-run trend across the full record is rising.
- Where does this Hungary 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.