Insurance company assets to GDP (%) in Singapore
Singapore: Insurance company assets to GDP (%) was 63.7% in 2020. ▲ Rising
Insurance company assets to GDP in Singapore, 1990–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Singapore recorded 63.7% for insurance company assets to gdp in 2020. That is the highest value across all 22 years on record.
Compared with earlier readings it is up 26.7% on the previous year and up 53.2% over ten years.
Over the whole period, insurance company assets to gdp in Singapore peaked at 63.7% in 2020 and was at its lowest, 11.9%, in 1990.
That places Singapore 16th out of 138 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Insurance company assets to GDP (%) in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 11.9% | — |
| 2000 | 27.4% | +131.2% |
| 2001 | 37.1% | +35.3% |
| 2002 | 40.3% | +8.6% |
| 2003 | 45.5% | +12.9% |
| 2004 | 44.5% | -2.2% |
| 2005 | 44.3% | -0.4% |
| 2006 | 44.5% | +0.3% |
| 2007 | 43.6% | -2.0% |
| 2008 | 38.1% | -12.5% |
| 2009 | 43.8% | +14.7% |
| 2010 | 41.6% | -4.9% |
| 2011 | 40.7% | -2.2% |
| 2012 | 42.5% | +4.5% |
| 2013 | 42.0% | -1.3% |
| 2014 | 40.3% | -4.1% |
| 2015 | 40.0% | -0.6% |
| 2016 | 41.6% | +3.9% |
| 2017 | 45.1% | +8.3% |
| 2018 | 43.5% | -3.3% |
| 2019 | 50.3% | +15.5% |
| 2020 | 63.7% | +26.7% |
Singapore compared with similar countries
- Singapore's 63.7% is above the median for high income countries, which is 17.3%, 3.7× the median. (55 countries reporting)
- Singapore's 63.7% is above the median for East Asia & Pacific, which is 12.6%, 5.1× the median. (17 countries reporting)
Biggest year-on-year movements
Years where Insurance company assets to GDP (%) in Singapore 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 |
|---|---|---|---|
| 2000 | +131.2% | 11.9% | 27.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.9% | 11.9% | 11.9% | 1 |
| 2000s | 40.9% | 27.4% | 45.5% | 10 |
| 2010s | 42.8% | 40.0% | 50.3% | 10 |
| 2020s | 63.7% | 63.7% | 63.7% | 1 |
Countries ranked near Singapore
- 13 Korea 73.6% compare
- 14 Netherlands 69.0% compare
- 15 Germany 67.9% compare
- 17 Italy 61.7% compare
- 18 South Africa 60.1% compare
- 19 United States 58.7% compare
More financial sector data for Singapore
- Reserve position in the IMF, US dollar, annual growth rate 8.93 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 230.78 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.73 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 168.51 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.93 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 230.78 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.73 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in Singapore?
- Insurance company assets to gdp in Singapore was 63.7% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Singapore?
- The highest recorded value was 63.7% in 2020.
- What is the lowest insurance company assets to gdp recorded in Singapore?
- The lowest recorded value was 11.9% in 1990.
- How does Singapore rank for insurance company assets to gdp?
- Singapore ranks 16th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Singapore?
- Over the last ten years it is up 53.2%. The long-run trend across the full record is rising.
- Where does this Singapore 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.