Insurance company assets to GDP (%) in Panama
Panama: Insurance company assets to GDP (%) was 6.7% in 2020. ▲ Rising
Insurance company assets to GDP in Panama, 2002–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2020, insurance company assets to gdp in Panama stood at 6.7%. That is the highest value across all 19 years on record.
The figure is up 33.5% on the previous year and up 41.3% over ten years.
Over the whole period, insurance company assets to gdp in Panama peaked at 6.7% in 2020 and was at its lowest, 4.4%, in 2007.
Panama ranks 68th of 138 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Insurance company assets to GDP (%) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 5.2% | — |
| 2003 | 5.1% | -1.5% |
| 2004 | 5.1% | -0.9% |
| 2005 | 5.1% | +0.3% |
| 2006 | 4.9% | -4.6% |
| 2007 | 4.4% | -9.1% |
| 2008 | 4.6% | +2.7% |
| 2009 | 4.9% | +8.3% |
| 2010 | 4.7% | -4.2% |
| 2011 | 4.6% | -3.0% |
| 2012 | 4.7% | +2.6% |
| 2013 | 5.2% | +11.5% |
| 2014 | 5.2% | -0.5% |
| 2015 | 5.0% | -3.2% |
| 2016 | 5.0% | -1.2% |
| 2017 | 5.1% | +1.7% |
| 2018 | 4.9% | -2.9% |
| 2019 | 5.0% | +1.4% |
| 2020 | 6.7% | +33.5% |
Panama compared with similar countries
- Panama's 6.7% is below the median for high income countries, which is 17.3%, 38% of the median. (55 countries reporting)
- Panama's 6.7% is below the median for Latin America & Caribbean, which is 7.3%, 91% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Insurance company assets to GDP (%) in Panama 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 |
|---|---|---|---|
| 2020 | +33.5% | 5.0% | 6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9% | 4.4% | 5.2% | 8 |
| 2010s | 4.9% | 4.6% | 5.2% | 10 |
| 2020s | 6.7% | 6.7% | 6.7% | 1 |
Countries ranked near Panama
More financial sector data for Panama
- 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 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 16.3 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 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.9 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 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 16.3 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 Panama?
- Insurance company assets to gdp in Panama was 6.7% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Panama?
- The highest recorded value was 6.7% in 2020.
- What is the lowest insurance company assets to gdp recorded in Panama?
- The lowest recorded value was 4.4% in 2007.
- How does Panama rank for insurance company assets to gdp?
- Panama ranks 68th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Panama?
- Over the last ten years it is up 41.3%. The long-run trend across the full record is rising.
- Where does this Panama 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.