Balance sheet and income statement of insurance companies — Gross in Singapore
Singapore: Balance sheet and income statement of insurance companies — Gross was 209,120 Euro in 2023. ▲ Rising
Balance sheet and income statement of insurance companies — Gross in Singapore, 2009–2023
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
Singapore recorded 209,120 Euro for balance sheet and income statement of insurance companies — gross in 2023. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 6.3% on the previous year and up 173.8% over ten years.
Over the whole period, balance sheet and income statement of insurance companies — gross in Singapore peaked at 209,120 Euro in 2023 and was at its lowest, 51,108 Euro, in 2009.
That places Singapore 16th out of 46 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Balance sheet and income statement of insurance companies — Gross in Singapore, year by year
| Year | Euro | Change |
|---|---|---|
| 2009 | 51,108 Euro | — |
| 2010 | 70,835 Euro | +38.6% |
| 2011 | 70,218 Euro | -0.9% |
| 2012 | 79,885 Euro | +13.8% |
| 2013 | 76,370 Euro | -4.4% |
| 2014 | 91,158 Euro | +19.4% |
| 2015 | 97,540 Euro | +7.0% |
| 2016 | 106,440 Euro | +9.1% |
| 2017 | 115,106 Euro | +8.1% |
| 2019 | 161,787 Euro | +40.6% |
| 2020 | 173,933 Euro | +7.5% |
| 2021 | 196,610 Euro | +13.0% |
| 2022 | 196,658 Euro | +0.0% |
| 2023 | 209,120 Euro | +6.3% |
Singapore compared with similar countries
- Singapore's 209,120 Euro is above the median for high income countries, which is 192,250 Euro, 1.1× the median. (30 countries reporting)
- Singapore's 209,120 Euro is above the median for East Asia & Pacific, which is 111,439 Euro, 1.9× the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51,108 Euro | 51,108 Euro | 51,108 Euro | 1 |
| 2010s | 96,593 Euro | 70,218 Euro | 161,787 Euro | 9 |
| 2020s | 194,080 Euro | 173,933 Euro | 209,120 Euro | 4 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 94.20 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.156 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15,415 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 159.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 17.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2634 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26,032 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.55 % change on previous year (2025)
Frequently asked questions
- What is balance sheet and income statement of insurance companies — gross in Singapore?
- Balance sheet and income statement of insurance companies — gross in Singapore was 209,120 Euro in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest balance sheet and income statement of insurance companies — gross recorded in Singapore?
- The highest recorded value was 209,120 Euro in 2023.
- What is the lowest balance sheet and income statement of insurance companies — gross recorded in Singapore?
- The lowest recorded value was 51,108 Euro in 2009.
- How does Singapore rank for balance sheet and income statement of insurance companies — gross?
- Singapore ranks 16th out of 46 countries with data for 2023.
- Is balance sheet and income statement of insurance companies — gross rising or falling in Singapore?
- Over the last ten years it is up 173.8%. The long-run trend across the full record is rising.
- Where does this Singapore 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.