Insurance company assets to GDP (%) in Iceland
Iceland: Insurance company assets to GDP (%) was 5.7% in 2019. ▲ Rising
Insurance company assets to GDP in Iceland, 2002–2019
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
The most recent figure for insurance company assets to gdp in Iceland is 5.7%, measured in 2019.
The figure is up 5.3% on the previous year and down 29.3% over ten years.
Over the whole period, insurance company assets to gdp in Iceland peaked at 8.3% in 2012 and was at its lowest, 3.4%, in 2002.
Iceland ranks 76th of 138 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Insurance company assets to GDP (%) in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 3.4% | — |
| 2003 | 4.2% | +21.9% |
| 2004 | 4.4% | +3.6% |
| 2005 | 6.9% | +57.5% |
| 2006 | 6.7% | -1.9% |
| 2007 | 5.3% | -21.5% |
| 2008 | 7.9% | +49.3% |
| 2009 | 8.1% | +2.1% |
| 2010 | 8.2% | +2.3% |
| 2011 | 8.3% | +0.2% |
| 2012 | 8.3% | +0.6% |
| 2013 | 8.2% | -1.5% |
| 2014 | 8.0% | -2.6% |
| 2015 | 7.1% | -10.4% |
| 2016 | 5.8% | -18.5% |
| 2017 | 5.8% | -0.7% |
| 2018 | 5.4% | -6.4% |
| 2019 | 5.7% | +5.3% |
Iceland compared with similar countries
- Iceland's 5.7% is below the median for high income countries, which is 17.3%, 33% of the median. (55 countries reporting)
- Iceland's 5.7% is below the median for Europe & Central Asia, which is 8.7%, 66% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance company assets to GDP (%) in Iceland 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 |
|---|---|---|---|
| 2005 | +57.5% | 4.4% | 6.9% |
| 2008 | +49.3% | 5.3% | 7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.9% | 3.4% | 8.1% | 8 |
| 2010s | 7.1% | 5.4% | 8.3% | 10 |
Countries ranked near Iceland
More financial sector data for Iceland
- 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 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 243.62 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 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 177.89 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 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 243.62 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 Iceland?
- Insurance company assets to gdp in Iceland was 5.7% in 2019, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Iceland?
- The highest recorded value was 8.3% in 2012.
- What is the lowest insurance company assets to gdp recorded in Iceland?
- The lowest recorded value was 3.4% in 2002.
- How does Iceland rank for insurance company assets to gdp?
- Iceland ranks 76th out of 138 countries with data for 2019.
- Is insurance company assets to gdp rising or falling in Iceland?
- Over the last ten years it is down 29.3%. The long-run trend across the full record is rising.
- Where does this Iceland 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.