Nigeria vs Paraguay: Life insurance premium volume to GDP

Nigeria
0.1%
in 2018
Paraguay
0.2%
in 2020
Nigeria rank
125th
Paraguay rank
123rd

Life insurance premium volume to GDP over time

  • Nigeria
  • Paraguay
00.10.20.30.4199020052020

How they compare

Paraguay currently reports 0.2% against 0.1% in Nigeria, a difference of 0.1%.

That makes Paraguay's figure about 1.2 times Nigeria's.

The two have swapped places 7 times across 26 shared years of data; in 1993 it was Nigeria ahead.

Nigeria ranks 125th and Paraguay ranks 123rd of 162 countries.

Across the 3 decades both report, Nigeria averaged higher in 1 and Paraguay in 2.

Head to head by decade

Decade Nigeria Paraguay Difference Ahead
1990s 0.0% 0.1% 0.0% Paraguay
2000s 0.1% 0.1% 0.0% Nigeria
2010s 0.1% 0.1% 0.0% Paraguay

Averages of every year both report within each decade.

Frequently asked questions

Which has higher life insurance premium volume to gdp, Nigeria or Paraguay?
Paraguay, at 0.2% against 0.1% in Nigeria as of 2020.
What is the difference in life insurance premium volume to gdp between Nigeria and Paraguay?
0.1%, with Paraguay ahead.
How many years of comparable data are there for Nigeria and Paraguay?
26 years are reported by both, from 1993 to 2018.
How do Nigeria and Paraguay rank globally for life insurance premium volume to gdp?
Nigeria ranks 125th and Paraguay ranks 123rd 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.

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Nigeria vs Paraguay: Life insurance premium volume to GDP. Statizoid, drawing on Sigma Reports, Swiss Re. Retrieved 12 September 2026, from https://financial-sector.statizoid.com/compare/life-insurance-premium-volume-to-gdp-percent/nigeria/paraguay/

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About this data

Indicator
Life insurance premium volume to GDP (%)
Unit
%
Source
Sigma Reports, Swiss Re
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
162 places, 4,020 data points, 1990–2020
Last refreshed

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.