Insurance company assets to GDP (%) in Philippines
Philippines: Insurance company assets to GDP (%) was 10.8% in 2020. ▲ Rising
Insurance company assets to GDP in Philippines, 2002–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Philippines recorded 10.8% 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 17.6% on the previous year and up 72.7% over ten years.
Over the whole period, insurance company assets to gdp in Philippines peaked at 10.8% in 2020 and was at its lowest, 5.4%, in 2002.
Philippines ranks 50th 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 Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 5.4% | — |
| 2003 | 5.9% | +8.9% |
| 2004 | 5.8% | -0.7% |
| 2005 | 5.9% | +1.1% |
| 2006 | 6.3% | +6.5% |
| 2007 | 6.2% | -1.8% |
| 2008 | 5.7% | -7.2% |
| 2009 | 6.2% | +7.6% |
| 2010 | 6.2% | +1.0% |
| 2011 | 6.3% | +1.9% |
| 2012 | 6.8% | +6.9% |
| 2013 | 7.4% | +8.7% |
| 2014 | 7.6% | +3.1% |
| 2015 | 8.0% | +4.6% |
| 2016 | 8.1% | +1.8% |
| 2017 | 8.9% | +10.3% |
| 2018 | 8.1% | -9.6% |
| 2019 | 9.1% | +13.2% |
| 2020 | 10.8% | +17.6% |
Philippines compared with similar countries
- Philippines's 10.8% is above the median for upper middle income countries, which is 4.9%, 2.2× the median. (40 countries reporting)
- Philippines's 10.8% is below the median for East Asia & Pacific, which is 12.6%, 85% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.9% | 5.4% | 6.3% | 8 |
| 2010s | 7.7% | 6.2% | 9.1% | 10 |
| 2020s | 10.8% | 10.8% | 10.8% | 1 |
Countries ranked near Philippines
More financial sector data for Philippines
- Reserve position in the IMF, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.52 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.52 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in Philippines?
- Insurance company assets to gdp in Philippines was 10.8% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Philippines?
- The highest recorded value was 10.8% in 2020.
- What is the lowest insurance company assets to gdp recorded in Philippines?
- The lowest recorded value was 5.4% in 2002.
- How does Philippines rank for insurance company assets to gdp?
- Philippines ranks 50th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Philippines?
- Over the last ten years it is up 72.7%. The long-run trend across the full record is rising.
- Where does this Philippines 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.