Insurance company assets to GDP (%) in Jamaica
Jamaica: Insurance company assets to GDP (%) was 23.4% in 2020. ▲ Rising
Insurance company assets to GDP in Jamaica, 2001–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Jamaica recorded 23.4% for insurance company assets to gdp in 2020. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 14.8% on the previous year and up 20.6% over ten years.
Over the whole period, insurance company assets to gdp in Jamaica peaked at 23.4% in 2020 and was at its lowest, 10.2%, in 2001.
That places Jamaica 34th out of 138 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Insurance company assets to GDP (%) in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 10.2% | — |
| 2002 | 11.7% | +15.1% |
| 2003 | 13.4% | +14.3% |
| 2004 | 17.4% | +29.5% |
| 2005 | 16.0% | -8.1% |
| 2006 | 16.5% | +3.5% |
| 2007 | 16.8% | +1.5% |
| 2008 | 17.1% | +2.0% |
| 2009 | 18.6% | +8.8% |
| 2010 | 19.4% | +4.4% |
| 2011 | 19.5% | +0.3% |
| 2012 | 21.3% | +9.3% |
| 2013 | 21.4% | +0.8% |
| 2014 | 20.9% | -2.7% |
| 2015 | 20.8% | -0.4% |
| 2016 | 20.9% | +0.5% |
| 2017 | 20.6% | -1.4% |
| 2018 | 19.9% | -3.1% |
| 2019 | 20.4% | +2.3% |
| 2020 | 23.4% | +14.8% |
Jamaica compared with similar countries
- Jamaica's 23.4% is above the median for upper middle income countries, which is 4.9%, 4.8× the median. (40 countries reporting)
- Jamaica's 23.4% is above the median for Latin America & Caribbean, which is 7.3%, 3.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.3% | 10.2% | 18.6% | 9 |
| 2010s | 20.5% | 19.4% | 21.4% | 10 |
| 2020s | 23.4% | 23.4% | 23.4% | 1 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- 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 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.2 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 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.64 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 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.2 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 Jamaica?
- Insurance company assets to gdp in Jamaica was 23.4% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Jamaica?
- The highest recorded value was 23.4% in 2020.
- What is the lowest insurance company assets to gdp recorded in Jamaica?
- The lowest recorded value was 10.2% in 2001.
- How does Jamaica rank for insurance company assets to gdp?
- Jamaica ranks 34th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Jamaica?
- Over the last ten years it is up 20.6%. The long-run trend across the full record is rising.
- Where does this Jamaica 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.