Insurance company assets to GDP in South Korea
South Korea: Insurance company assets to GDP was 73.6% in 2020. ▲ Rising
Insurance company assets to GDP in South Korea, 2002–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
South Korea recorded 73.6% for insurance company assets to gdp in 2020. That is the highest value across all 19 years on record.
That represents a change of up 6.2% on the previous year and up 66.5% over ten years.
Over the whole period, insurance company assets to gdp in South Korea peaked at 73.6% in 2020 and was at its lowest, 29.3%, in 2002.
South Korea ranks 13th of 138 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Insurance company assets to GDP in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 29.3% | — |
| 2003 | 31.5% | +7.5% |
| 2004 | 32.2% | +2.2% |
| 2005 | 32.5% | +1.0% |
| 2006 | 34.7% | +6.7% |
| 2007 | 36.3% | +4.5% |
| 2008 | 38.1% | +5.1% |
| 2009 | 42.4% | +11.2% |
| 2010 | 44.2% | +4.2% |
| 2011 | 47.2% | +6.7% |
| 2012 | 53.1% | +12.6% |
| 2013 | 55.6% | +4.7% |
| 2014 | 59.7% | +7.3% |
| 2015 | 61.2% | +2.5% |
| 2016 | 63.8% | +4.4% |
| 2017 | 65.1% | +2.0% |
| 2018 | 65.7% | +0.9% |
| 2019 | 69.3% | +5.5% |
| 2020 | 73.6% | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.6% | 29.3% | 42.4% | 8 |
| 2010s | 58.5% | 44.2% | 69.3% | 10 |
| 2020s | 73.6% | 73.6% | 73.6% | 1 |
Countries ranked near South Korea
More financial sector data for South Korea
- Net domestic credit (current LCU), per capita 96.84 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 2,672 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 5.54 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 117.53 million SDR (2025)
- Gold reserves at market value 10.71 billion SDR (2025)
- Reserves excluding gold, foreign exchange 294.26 billion SDR (2025)
- Reserves excluding gold 308.07 billion SDR (2025)
- Total reserves (gold at market value) 318.78 billion SDR (2025)
- Total reserves (gold at national valuation) 311.57 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 6,028 SDR per person (2025)
Frequently asked questions
- What is insurance company assets to gdp in South Korea?
- Insurance company assets to gdp in South Korea was 73.6% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in South Korea?
- The highest recorded value was 73.6% in 2020.
- What is the lowest insurance company assets to gdp recorded in South Korea?
- The lowest recorded value was 29.3% in 2002.
- How does South Korea rank for insurance company assets to gdp?
- South Korea ranks 13th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in South Korea?
- Over the last ten years it is up 66.5%. The long-run trend across the full record is rising.
- Where does this South Korea 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.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Data taken from a variety of sources such as AXCO and national sources.