Insurance company assets to GDP in Trinidad and Tobago
Trinidad and Tobago: Insurance company assets to GDP was 24.2% in 2020. ▼ Falling
Insurance company assets to GDP in Trinidad and Tobago, 2000–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Trinidad and Tobago recorded 24.2% for insurance company assets to gdp in 2020.
That represents a change of up 10.7% on the previous year and up 73.7% over ten years.
Over the whole period, insurance company assets to gdp in Trinidad and Tobago peaked at 30.9% in 2004 and was at its lowest, 9.6%, in 2008.
That places Trinidad and Tobago 32nd out of 138 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Insurance company assets to GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 19.6% | — |
| 2001 | 23.4% | +19.4% |
| 2002 | 28.0% | +19.8% |
| 2003 | 27.1% | -3.0% |
| 2004 | 30.9% | +14.0% |
| 2007 | 12.5% | -59.7% |
| 2008 | 9.6% | -22.7% |
| 2009 | 15.1% | +56.8% |
| 2010 | 13.9% | -7.7% |
| 2011 | 13.0% | -7.0% |
| 2012 | 14.0% | +7.7% |
| 2013 | 14.1% | +1.1% |
| 2014 | 14.8% | +5.0% |
| 2015 | 17.0% | +14.9% |
| 2016 | 19.9% | +16.6% |
| 2017 | 20.8% | +4.9% |
| 2018 | 20.2% | -3.0% |
| 2019 | 21.9% | +8.3% |
| 2020 | 24.2% | +10.7% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 24.2% is above the median for high income countries, which is 17.3%, 1.4× the median. (55 countries reporting)
- Trinidad and Tobago's 24.2% is above the median for Latin America & Caribbean, which is 7.3%, 3.3× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.8% | 9.6% | 30.9% | 8 |
| 2010s | 17.0% | 13.0% | 21.9% | 10 |
| 2020s | 24.2% | 24.2% | 24.2% | 1 |
Countries ranked near Trinidad and Tobago
More financial sector data for Trinidad and Tobago
- Reserve position in the IMF, US dollar, annual growth rate 4.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 118.45 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.2193 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 86.49 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 4.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 118.45 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.2193 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in Trinidad and Tobago?
- Insurance company assets to gdp in Trinidad and Tobago was 24.2% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Trinidad and Tobago?
- The highest recorded value was 30.9% in 2004.
- What is the lowest insurance company assets to gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 9.6% in 2008.
- How does Trinidad and Tobago rank for insurance company assets to gdp?
- Trinidad and Tobago ranks 32nd out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 73.7%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago 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.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Data taken from a variety of sources such as AXCO and national sources.