Insurance company assets to GDP (%) in Mongolia
Mongolia: Insurance company assets to GDP (%) was 1.0% in 2020. ▲ Rising
Insurance company assets to GDP in Mongolia, 2008–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2020, insurance company assets to gdp in Mongolia stood at 1.0%. That is the highest value across all 13 years on record.
That represents a change of up 5.3% on the previous year and up 84.1% over ten years.
Over the whole period, insurance company assets to gdp in Mongolia peaked at 1.0% in 2020 and was at its lowest, 0.5%, in 2008.
That places Mongolia 127th out of 138 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Insurance company assets to GDP (%) in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 0.5% | — |
| 2009 | 0.6% | +19.0% |
| 2010 | 0.6% | -8.9% |
| 2011 | 0.6% | +1.6% |
| 2012 | 0.6% | +11.8% |
| 2013 | 0.6% | -12.2% |
| 2014 | 0.7% | +21.1% |
| 2015 | 0.7% | +9.0% |
| 2016 | 0.9% | +16.4% |
| 2017 | 0.9% | +0.9% |
| 2018 | 1.0% | +16.7% |
| 2019 | 1.0% | -3.2% |
| 2020 | 1.0% | +5.3% |
Mongolia compared with similar countries
- Mongolia's 1.0% is below the median for upper middle income countries, which is 4.9%, 21% of the median. (40 countries reporting)
- Mongolia's 1.0% is below the median for East Asia & Pacific, which is 12.6%, 8% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6% | 0.5% | 0.6% | 2 |
| 2010s | 0.8% | 0.6% | 1.0% | 10 |
| 2020s | 1.0% | 1.0% | 1.0% | 1 |
Countries ranked near Mongolia
More financial sector data for Mongolia
- 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 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.13 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 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.55 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 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.13 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 Mongolia?
- Insurance company assets to gdp in Mongolia was 1.0% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Mongolia?
- The highest recorded value was 1.0% in 2020.
- What is the lowest insurance company assets to gdp recorded in Mongolia?
- The lowest recorded value was 0.5% in 2008.
- How does Mongolia rank for insurance company assets to gdp?
- Mongolia ranks 127th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Mongolia?
- Over the last ten years it is up 84.1%. The long-run trend across the full record is rising.
- Where does this Mongolia 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.