Korea vs Singapore: Life insurance premium volume to GDP
Korea
6.2%
in 2020
Singapore
8.1%
in 2020
Korea rank
9th
Singapore rank
7th
Life insurance premium volume to GDP over time
- Korea
- Singapore
How they compare
Singapore currently reports 8.1% against 6.2% in Korea, a difference of 1.9%.
That makes Singapore's figure about 1.3 times Korea's.
The two have swapped places 7 times across 28 shared years of data; in 1993 it was Korea ahead.
Korea ranks 9th and Singapore ranks 7th of 162 countries.
Across the 4 decades both report, Korea averaged higher in 3 and Singapore in 1.
Head to head by decade
| Decade | Korea | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.1% | 2.7% | 5.4% | Korea |
| 2000s | 6.6% | 5.9% | 0.6% | Korea |
| 2010s | 6.5% | 5.1% | 1.4% | Korea |
| 2020s | 6.2% | 8.1% | 1.9% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher life insurance premium volume to gdp, Korea or Singapore?
- Singapore, at 8.1% against 6.2% in Korea as of 2020.
- What is the difference in life insurance premium volume to gdp between Korea and Singapore?
- 1.9%, with Singapore ahead.
- How many years of comparable data are there for Korea and Singapore?
- 28 years are reported by both, from 1993 to 2020.
- How do Korea and Singapore rank globally for life insurance premium volume to gdp?
- Korea ranks 9th and Singapore ranks 7th of 162 countries.
- Where does this data come from?
- Sigma Reports, Swiss Re, published as Life insurance premium volume to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Premium data is taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.