Insurance company assets to GDP (%) in Venezuela
Venezuela: Insurance company assets to GDP (%) was 6.3% in 2016. ▲ Rising
Insurance company assets to GDP in Venezuela, 1999–2016
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
In 2016, insurance company assets to gdp in Venezuela stood at 6.3%.
The figure is down 11.7% on the previous year and up 178.6% over ten years.
Over the whole period, insurance company assets to gdp in Venezuela peaked at 7.1% in 2015 and was at its lowest, 1.6%, in 2000.
That places Venezuela 73rd out of 138 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Insurance company assets to GDP (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1999 | 1.7% | — |
| 2000 | 1.6% | -9.5% |
| 2001 | 1.8% | +13.7% |
| 2002 | 2.2% | +22.8% |
| 2003 | 2.2% | +2.3% |
| 2004 | 2.1% | -3.8% |
| 2005 | 2.1% | -2.4% |
| 2006 | 2.3% | +8.6% |
| 2007 | 2.6% | +15.6% |
| 2008 | 2.6% | +0.9% |
| 2009 | 3.1% | +16.8% |
| 2010 | 3.2% | +3.2% |
| 2011 | 3.1% | -2.6% |
| 2012 | 3.1% | +1.8% |
| 2013 | 3.5% | +10.4% |
| 2014 | 5.1% | +46.2% |
| 2015 | 7.1% | +40.2% |
| 2016 | 6.3% | -11.7% |
Venezuela compared with similar countries
- Venezuela's 6.3% is above the median for lower middle income countries, which is 2.6%, 2.4× the median. (30 countries reporting)
- Venezuela's 6.3% is below the median for Latin America & Caribbean, which is 7.3%, 86% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.7% | 1.7% | 1.7% | 1 |
| 2000s | 2.2% | 1.6% | 3.1% | 10 |
| 2010s | 4.5% | 3.1% | 7.1% | 7 |
Countries ranked near Venezuela
More financial sector data for Venezuela
- 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 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 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 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 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 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 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 Venezuela?
- Insurance company assets to gdp in Venezuela was 6.3% in 2016, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in Venezuela?
- The highest recorded value was 7.1% in 2015.
- What is the lowest insurance company assets to gdp recorded in Venezuela?
- The lowest recorded value was 1.6% in 2000.
- How does Venezuela rank for insurance company assets to gdp?
- Venezuela ranks 73rd out of 138 countries with data for 2016.
- Is insurance company assets to gdp rising or falling in Venezuela?
- Over the last ten years it is up 178.6%. The long-run trend across the full record is rising.
- Where does this Venezuela 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.