Insurance company assets to GDP in Latvia
Latvia: Insurance company assets to GDP was 5.1% in 2020. ▲ Rising
Insurance company assets to GDP in Latvia, 1997–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Latvia recorded 5.1% for insurance company assets to gdp in 2020. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 8.6% on the previous year and up 77.4% over ten years.
Over the whole period, insurance company assets to gdp in Latvia peaked at 5.1% in 2020 and was at its lowest, 1.3%, in 1997.
That places Latvia 81st 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 24 years of available data.
Insurance company assets to GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 1.3% | — |
| 1998 | 1.4% | +12.5% |
| 1999 | 1.5% | +7.2% |
| 2000 | 1.6% | +2.9% |
| 2001 | 1.5% | -1.7% |
| 2002 | 1.5% | -1.9% |
| 2003 | 1.5% | +0.6% |
| 2004 | 1.4% | -7.1% |
| 2005 | 1.4% | -1.4% |
| 2006 | 1.4% | +2.7% |
| 2007 | 1.5% | +2.6% |
| 2008 | 1.6% | +10.6% |
| 2009 | 1.9% | +18.0% |
| 2010 | 2.8% | +50.3% |
| 2011 | 2.6% | -9.8% |
| 2012 | 2.5% | -1.6% |
| 2013 | 2.3% | -7.7% |
| 2014 | 2.4% | +4.7% |
| 2015 | 2.6% | +7.2% |
| 2016 | 2.4% | -9.4% |
| 2017 | 2.6% | +10.2% |
| 2018 | 3.2% | +22.4% |
| 2019 | 4.7% | +45.4% |
| 2020 | 5.1% | +8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.4% | 1.3% | 1.5% | 3 |
| 2000s | 1.5% | 1.4% | 1.9% | 10 |
| 2010s | 2.8% | 2.3% | 4.7% | 10 |
| 2020s | 5.1% | 5.1% | 5.1% | 1 |
Countries ranked near Latvia
- 78 Bosnia and Herzegovina 5.6% compare
- 79 Qatar 5.3% compare
- 80 Tunisia 5.1% compare
- 82 Argentina 5.0% compare
- 83 Mozambique 4.9% compare
- 84 Cape Verde 4.9% compare
More financial sector data for Latvia
- Net domestic credit (current LCU), per capita 8,595 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.3645 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -4.89 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 7.49 million SDR (2025)
- Gold reserves at market value 682.52 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.27 billion SDR (2025)
- Reserves excluding gold 3.77 billion SDR (2025)
- Total reserves (gold at market value) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,406 SDR per person (2025)
Frequently asked questions
- What is insurance company assets to gdp in Latvia?
- Insurance company assets to gdp in Latvia was 5.1% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Latvia?
- The highest recorded value was 5.1% in 2020.
- What is the lowest insurance company assets to gdp recorded in Latvia?
- The lowest recorded value was 1.3% in 1997.
- How does Latvia rank for insurance company assets to gdp?
- Latvia ranks 81st out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Latvia?
- Over the last ten years it is up 77.4%. The long-run trend across the full record is rising.
- Where does this Latvia 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.