Institutional Investors' Indicators — Financial liabilities of insurance corporations by country
The Institutional Investors’ Indicators table shows total financial assets and liabilities of the three types of institutional investor - investment funds, insurance corporations and pension funds - as a percentage of GDP. It also provides a breakdown of the total assets (liabilities) of each type of institutional...
What the numbers show
Institutional Investors' Indicators — Financial liabilities of insurance corporations is currently reported for 31 countries. The highest value is 365.44 Percentage of GDP in Luxembourg; the lowest is 0.184 Percentage of GDP in United Kingdom of Great Britain and Northern Ireland.
The median across all reporting countries is 20.1 Percentage of GDP, and the mean is 43.15 Percentage of GDP.
The gap between the highest and lowest reporting country is a factor of about 1,986.
Over the past decade 14 countries rose and 17 fell. The largest increase was in Russian Federation (up 87.3%), and the largest decrease in Australia (down 45.1%).
Institutional Investors' Indicators — Financial liabilities of: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Luxembourg | 365.44 Percentage of GDP | 2025 | up 8.3% | rising |
| 1 | Netherlands | 45.8 Percentage of GDP | 2024 | down 42.6% | rising |
| 2 | Denmark | 117.96 Percentage of GDP | 2025 | down 6.8% | falling |
| 2 | Slovenia | 15.1 Percentage of GDP | 2025 | down 16.6% | falling |
| 3 | France | 105.11 Percentage of GDP | 2025 | up 2.8% | rising |
| 3 | Poland | 9.93 Percentage of GDP | 2016 | down 10.0% | flat |
| 4 | Ireland | 81.61 Percentage of GDP | 2025 | up 37.0% | falling |
| 4 | Estonia | 4.61 Percentage of GDP | 2025 | down 9.8% | flat |
| 5 | Japan | 79.51 Percentage of GDP | 2025 | up 4.3% | rising |
| 5 | Lithuania | 3.38 Percentage of GDP | 2025 | up 0.7% | rising |
| 6 | Belgium | 58.34 Percentage of GDP | 2025 | down 16.1% | rising |
| 6 | Türkiye | 2.13 Percentage of GDP | 2025 | down 17.5% | falling |
| 7 | Germany | 56.8 Percentage of GDP | 2025 | down 11.2% | rising |
| 8 | Norway | 54.03 Percentage of GDP | 2025 | up 16.8% | rising |
| 9 | United States of America | 50.31 Percentage of GDP | 2025 | up 2.4% | rising |
| 10 | Canada | 48.17 Percentage of GDP | 2025 | up 7.5% | rising |
| 11 | Italy | 47.97 Percentage of GDP | 2025 | up 6.4% | rising |
| 12 | Finland | 31.27 Percentage of GDP | 2025 | down 3.0% | rising |
| 13 | Sweden | 29.67 Percentage of GDP | 2025 | up 20.9% | falling |
| 14 | Chile | 24.15 Percentage of GDP | 2025 | up 4.5% | rising |
| 15 | Austria | 20.1 Percentage of GDP | 2025 | down 41.5% | falling |
| 16 | Spain | 19.92 Percentage of GDP | 2025 | down 30.7% | rising |
| 17 | Australia | 19.7 Percentage of GDP | 2025 | down 45.1% | falling |
| 18 | Greece | 8.82 Percentage of GDP | 2025 | down 7.0% | rising |
| 19 | Mexico | 8.75 Percentage of GDP | 2025 | up 36.4% | rising |
| 20 | Czechia | 7.02 Percentage of GDP | 2025 | down 40.0% | falling |
| 21 | Iceland | 7.01 Percentage of GDP | 2025 | down 13.7% | rising |
| 22 | Hungary | 5.84 Percentage of GDP | 2025 | down 24.1% | rising |
| 23 | Costa Rica | 5.55 Percentage of GDP | 2021 | up 16.4% | rising |
| 24 | Russian Federation | 3.49 Percentage of GDP | 2020 | up 87.3% | rising |
| 25 | United Kingdom of Great Britain and Northern Ireland | 0.184 Percentage of GDP | 2024 | down 13.7% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Korea 55.98 Percentage of GDP
- Slovak Republic 5.23 Percentage of GDP
About this data
The Institutional Investors’ Indicators table shows total financial assets and liabilities of the three types of institutional investor - investment funds, insurance corporations and pension funds - as a percentage of GDP. It also provides a breakdown of the total assets (liabilities) of each type of institutional investor by main financial instrument category: currency and deposits; debt securities; loans; equity and investment fund shares; insurance, pensions and standardised guarantees; financial derivatives and employee stock options; and other accounts receivable/payable. The financial instrument categories are shown as a share (percentage) of the total assets (liabilities) of each type of institutional investor. For investment funds, there is also a breakdown of total assets by type of investment fund: real estate, equity, bond, mixed, hedge and other funds; and a breakdown of total assets and liabilities by whether they belong to money market funds (MMFs) or non-MMFs and to open-ended or closed-ended funds. All the indicators in this dataset are derived from the Institutional Investors' Assets and Liabilities dataset.