Insurance company assets to GDP (%) in Turkey
Turkey: Insurance company assets to GDP (%) was 5.7% in 2020. ◆ Volatile
Insurance company assets to GDP in Turkey, 1995–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Turkey recorded 5.7% for insurance company assets to gdp in 2020. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 5.5% on the previous year and up 88.2% over ten years.
Over the whole period, insurance company assets to gdp in Turkey peaked at 5.7% in 2020 and was at its lowest, 1.1%, in 1998.
Turkey ranks 77th of 138 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance company assets to GDP (%) in Turkey, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 1.1% | — |
| 1996 | 1.3% | +21.3% |
| 1997 | 1.5% | +9.9% |
| 1998 | 1.1% | -26.1% |
| 1999 | 1.6% | +50.0% |
| 2000 | 1.5% | -3.8% |
| 2001 | 1.6% | +5.7% |
| 2002 | 1.5% | -8.4% |
| 2003 | 1.6% | +6.6% |
| 2004 | 1.7% | +5.2% |
| 2005 | 2.1% | +26.6% |
| 2006 | 2.2% | +3.2% |
| 2007 | 2.5% | +13.2% |
| 2008 | 1.4% | -42.2% |
| 2009 | 1.6% | +11.9% |
| 2010 | 3.0% | +87.1% |
| 2011 | 2.9% | -3.3% |
| 2012 | 3.2% | +10.5% |
| 2013 | 3.4% | +6.5% |
| 2014 | 3.8% | +12.3% |
| 2015 | 4.1% | +5.7% |
| 2016 | 4.5% | +11.7% |
| 2017 | 4.7% | +4.6% |
| 2018 | 4.6% | -2.2% |
| 2019 | 5.4% | +15.6% |
| 2020 | 5.7% | +5.5% |
Turkey compared with similar countries
- Turkey's 5.7% is above the median for upper middle income countries, which is 4.9%, 1.1× the median. (40 countries reporting)
- Turkey's 5.7% is below the median for Europe & Central Asia, which is 8.7%, 65% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance company assets to GDP (%) in Turkey 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 |
|---|---|---|---|
| 2010 | +87.1% | 1.6% | 3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | 1.1% | 1.6% | 5 |
| 2000s | 1.8% | 1.4% | 2.5% | 10 |
| 2010s | 4.0% | 2.9% | 5.4% | 10 |
| 2020s | 5.7% | 5.7% | 5.7% | 1 |
Countries ranked near Turkey
More financial sector data for Turkey
- 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 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.8 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 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.31 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 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.8 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 Turkey?
- Insurance company assets to gdp in Turkey was 5.7% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Turkey?
- The highest recorded value was 5.7% in 2020.
- What is the lowest insurance company assets to gdp recorded in Turkey?
- The lowest recorded value was 1.1% in 1998.
- How does Turkey rank for insurance company assets to gdp?
- Turkey ranks 77th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in Turkey?
- Over the last ten years it is up 88.2%. The long-run trend across the full record is volatile.
- Where does this Turkey 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.