Nigeria: Insurance company assets
* indicates monthly or quarterly data series
| Nigeria |
Insurance company assets, percent of GDP |
|---|---|
| Latest value | 1.05 |
| Year | 2019 |
| Measure | percent |
| Data availability | 2002 - 2019 |
| Average | 1.02 |
| Min - Max | 0.71 - 1.46 |
| Source | The World Bank |
The latest value from 2019 is 1.05 percent, an increase from 1.03 percent in 2018. In comparison, the world average is 21.40 percent, based on data from 106 countries. Historically, the average for Nigeria from 2002 to 2019 is 1.02 percent. The minimum value, 0.71 percent, was reached in 2002 while the maximum of 1.46 percent was recorded in 2008.
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Definition: Ratio of assets of insurance companies to GDP. Data taken from a variety of sources such as AXCO and national sources.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Stock market capitalization, percent of GDP | 21.57 | 2024 | percent |
| Stock market capitalization, in dollars | 86.94 | 2025 | billion U.S. dollars |
| Stock market turnover ratio | 2.84 | 2024 | percent |
| Listed companies | 165 | 2025 | companies |
| Stock market value traded | 1.12 | 2025 | percent |
| Stock market return | 47.63 | 2021 | percent |
| Stock market access for smaller firms | 27.46 | 2018 | percent |
| Stock market activity for smaller firms | 21.31 | 2018 | percent |
| Stock price volatility | 15.66 | 2021 | percent |
| Mutual fund assets | 0.97 | 2020 | percent |
| Life insurance volume | 0.14 | 2018 | percent |
| Non-life insurance premium volume | 0.19 | 2018 | percent |
| Pension fund assets to GDP | 7.98 | 2020 | percent |
| Insurance company assets | 1.05 | 2019 | percent |
| Nonbank financial institutions assets to GDP | 5.62 | 2021 | percent |