Insurance company assets to GDP (%) in Sri Lanka
Sri Lanka: Insurance company assets to GDP (%) was 4.6% in 2020. ▲ Rising
Insurance company assets to GDP in Sri Lanka, 1997–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Sri Lanka recorded 4.6% for insurance company assets to gdp in 2020. That is the highest value across all 19 years on record.
The figure is up 0.3% on the previous year and up 34.3% over ten years.
Over the whole period, insurance company assets to gdp in Sri Lanka peaked at 4.6% in 2020 and was at its lowest, 1.0%, in 1998.
That places Sri Lanka 86th 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 19 years of available data.
Insurance company assets to GDP (%) in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 1.6% | — |
| 1998 | 1.0% | -39.3% |
| 1999 | 1.1% | +6.9% |
| 2005 | 3.7% | +252.7% |
| 2006 | 3.5% | -6.6% |
| 2007 | 3.3% | -5.9% |
| 2008 | 3.1% | -6.2% |
| 2009 | 3.3% | +5.9% |
| 2010 | 3.5% | +5.8% |
| 2011 | 3.8% | +10.0% |
| 2012 | 3.8% | -1.3% |
| 2013 | 3.9% | +3.1% |
| 2014 | 4.1% | +5.0% |
| 2015 | 4.3% | +4.7% |
| 2016 | 4.4% | +2.8% |
| 2017 | 4.4% | -0.3% |
| 2018 | 4.4% | +0.6% |
| 2019 | 4.6% | +5.7% |
| 2020 | 4.6% | +0.3% |
Sri Lanka compared with similar countries
- Sri Lanka's 4.6% is below the median for upper middle income countries, which is 4.9%, 94% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where Insurance company assets to GDP (%) in Sri Lanka 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 |
|---|---|---|---|
| 2005 | +252.7% | 1.1% | 3.7% |
| 1998 | -39.3% | 1.6% | 1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.2% | 1.0% | 1.6% | 3 |
| 2000s | 3.4% | 3.1% | 3.7% | 5 |
| 2010s | 4.1% | 3.5% | 4.6% | 10 |
| 2020s | 4.6% | 4.6% | 4.6% | 1 |
Countries ranked near Sri Lanka
More financial sector data for Sri Lanka
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.1797 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.1312 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.1797 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 Sri Lanka?
- Insurance company assets to gdp in Sri Lanka was 4.6% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Sri Lanka?
- The highest recorded value was 4.6% in 2020.
- What is the lowest insurance company assets to gdp recorded in Sri Lanka?
- The lowest recorded value was 1.0% in 1998.
- How does Sri Lanka rank for insurance company assets to gdp?
- Sri Lanka ranks 86th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Sri Lanka?
- Over the last ten years it is up 34.3%. The long-run trend across the full record is rising.
- Where does this Sri Lanka 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.