Balance sheet and income statement of insurance companies — Gross in Colombia
Colombia: Balance sheet and income statement of insurance companies — Gross was 26,095 Euro in 2024. ▲ Rising
Balance sheet and income statement of insurance companies — Gross in Colombia, 2009–2024
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
Colombia recorded 26,095 Euro for balance sheet and income statement of insurance companies — gross in 2024. That is the highest value across all 16 years on record.
The figure is up 6.8% on the previous year and up 131.6% over ten years.
Over the whole period, balance sheet and income statement of insurance companies — gross in Colombia peaked at 26,095 Euro in 2024 and was at its lowest, 6,011 Euro, in 2009.
That places Colombia 29th out of 46 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Balance sheet and income statement of insurance companies — Gross in Colombia, year by year
| Year | Euro | Change |
|---|---|---|
| 2009 | 6,011 Euro | — |
| 2010 | 7,754 Euro | +29.0% |
| 2011 | 11,754 Euro | +51.6% |
| 2012 | 11,000 Euro | -6.4% |
| 2013 | 11,119 Euro | +1.1% |
| 2014 | 11,267 Euro | +1.3% |
| 2015 | 10,431 Euro | -7.4% |
| 2016 | 13,046 Euro | +25.1% |
| 2017 | 13,238 Euro | +1.5% |
| 2018 | 15,872 Euro | +19.9% |
| 2019 | 17,042 Euro | +7.4% |
| 2020 | 16,182 Euro | -5.0% |
| 2021 | 16,246 Euro | +0.4% |
| 2022 | 16,996 Euro | +4.6% |
| 2023 | 24,434 Euro | +43.8% |
| 2024 | 26,095 Euro | +6.8% |
Colombia compared with similar countries
- Colombia's 26,095 Euro is above the median for upper middle income countries, which is 20,907 Euro, 1.2× the median. (12 countries reporting)
- Colombia's 26,095 Euro is above the median for Latin America & Caribbean, which is 3,592 Euro, 7.3× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6,011 Euro | 6,011 Euro | 6,011 Euro | 1 |
| 2010s | 12,252 Euro | 7,754 Euro | 17,042 Euro | 10 |
| 2020s | 19,991 Euro | 16,182 Euro | 26,095 Euro | 5 |
Countries ranked near Colombia
More economy & growth data for Colombia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 4.82 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0105 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.31 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.57 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.44 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 216.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.31 % change on previous year (2025)
Frequently asked questions
- What is balance sheet and income statement of insurance companies — gross in Colombia?
- Balance sheet and income statement of insurance companies — gross in Colombia was 26,095 Euro in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balance sheet and income statement of insurance companies — gross recorded in Colombia?
- The highest recorded value was 26,095 Euro in 2024.
- What is the lowest balance sheet and income statement of insurance companies — gross recorded in Colombia?
- The lowest recorded value was 6,011 Euro in 2009.
- How does Colombia rank for balance sheet and income statement of insurance companies — gross?
- Colombia ranks 29th out of 46 countries with data for 2024.
- Is balance sheet and income statement of insurance companies — gross rising or falling in Colombia?
- Over the last ten years it is up 131.6%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balance sheet and income statement of insurance companies — Gross technical provisions. Statizoid updates them automatically from the source API.
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About this data
This dataset covers multiple items pertaining to the balance sheet and income statement of direct insurers and reinsurers, such as assets, technical provisions, shareholders' equity, net income, gross claims paid, gross operating expenses, commissions and changes in outstanding claims provisions.