Life insurance premium volume to GDP (%) by country
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.
Countries reporting
162
Highest
19.4%
Hong Kong, China
Lowest
0.0%
Venezuela, Bolivarian Republic of
Median
0.6%
Years covered
31
1990–2020
Data points
4,020
What the numbers show
Life insurance premium volume to GDP (%) is currently reported for 162 countries. The highest value is 19.4% in Hong Kong, China; the lowest is 0.0% in Venezuela, Bolivarian Republic of.
The median across all reporting countries is 0.6%, and the mean is 1.6%.
Over the past decade 100 countries rose and 62 fell. The largest increase was in Mauritania (up 29,591.4%), and the largest decrease in Venezuela, Bolivarian Republic of (down 99.9%).
Life insurance premium volume to GDP: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong, China | 19.4% | 2020 | up 98.1% | volatile |
| 2 | Taiwan, China | 13.6% | 2020 | down 5.1% | rising |
| 3 | Macau, China | 13.5% | 2020 | up 1,019.7% | volatile |
| 4 | South Africa | 10.8% | 2019 | down 7.8% | falling |
| 5 | United Kingdom of Great Britain and Northern Ireland | 10.5% | 2019 | down 0.2% | rising |
| 6 | Denmark | 8.3% | 2020 | up 29.5% | rising |
| 7 | Singapore | 8.1% | 2020 | up 96.7% | rising |
| 8 | Luxembourg | 7.5% | 2020 | up 121.3% | volatile |
| 9 | Republic of Korea | 6.2% | 2020 | down 1.4% | falling |
| 10 | Sweden | 5.8% | 2019 | down 0.0% | rising |
| 11 | Namibia | 5.5% | 2020 | up 1.7% | rising |
| 12 | Japan | 5.4% | 2020 | down 9.8% | rising |
| 13 | France | 5.3% | 2020 | down 28.8% | rising |
| 14 | Italy | 4.9% | 2020 | down 12.0% | rising |
| 15 | Switzerland | 4.4% | 2019 | down 9.1% | rising |
| 16 | Ireland | 3.7% | 2020 | down 35.7% | falling |
| 17 | Lesotho | 3.6% | 2018 | up 36.6% | rising |
| 18 | Belgium | 3.4% | 2019 | down 36.2% | falling |
| 19 | Malta | 3.3% | 2018 | up 12.7% | rising |
| 20 | Canada | 3.2% | 2019 | down 2.6% | rising |
| 21 | Thailand | 3.2% | 2020 | up 17.6% | rising |
| 22 | Germany | 3.1% | 2020 | down 12.2% | rising |
| 23 | Norway | 3.0% | 2020 | up 17.3% | rising |
| 24 | Trinidad and Tobago | 3.0% | 2020 | up 224.0% | falling |
| 25 | Barbados | 2.8% | 2020 | up 47.2% | rising |
| 26 | India | 2.7% | 2018 | down 32.9% | rising |
| 27 | United States of America | 2.7% | 2020 | down 12.8% | falling |
| 28 | Aruba | 2.7% | 2020 | up 26.2% | rising |
| 29 | Malaysia | 2.4% | 2019 | down 16.4% | rising |
| 30 | Jamaica | 2.4% | 2019 | up 52.1% | falling |
| 31 | China | 2.4% | 2020 | down 0.4% | rising |
| 32 | Portugal | 2.2% | 2020 | down 66.0% | rising |
| 33 | Israel | 2.2% | 2020 | up 10.6% | falling |
| 34 | Saint Lucia | 1.9% | 2019 | up 44.9% | falling |
| 35 | Cyprus | 1.9% | 2020 | up 0.7% | falling |
| 36 | Chile | 1.9% | 2020 | down 15.3% | flat |
| 37 | Morocco | 1.9% | 2020 | up 126.6% | volatile |
| 38 | Saint Vincent and the Grenadines | 1.9% | 2019 | down 52.9% | volatile |
| 39 | Botswana | 1.9% | 2019 | down 22.0% | rising |
| 40 | Mauritius | 1.8% | 2019 | down 44.2% | rising |
| 41 | Spain | 1.8% | 2020 | down 28.0% | rising |
| 42 | Viet Nam | 1.8% | 2019 | up 181.8% | volatile |
| 43 | Nepal | 1.7% | 2018 | up 244.9% | volatile |
| 44 | Finland | 1.7% | 2020 | down 39.4% | rising |
| 45 | Bahamas | 1.7% | 2020 | down 52.2% | falling |
| 46 | Slovenia | 1.6% | 2020 | down 10.3% | rising |
| 47 | Antigua and Barbuda | 1.5% | 2019 | up 24.4% | rising |
| 48 | Netherlands | 1.5% | 2020 | down 50.5% | volatile |
| 49 | Austria | 1.4% | 2020 | down 43.9% | falling |
| 50 | Grenada | 1.4% | 2019 | up 27.4% | volatile |
| 51 | Dominica | 1.4% | 2014 | down 61.9% | volatile |
| 52 | Fiji | 1.4% | 2019 | down 17.2% | falling |
| 53 | Uruguay | 1.4% | 2020 | up 224.4% | volatile |
| 54 | Philippines | 1.4% | 2020 | up 83.6% | rising |
| 55 | Honduras | 1.4% | 2020 | up 169.1% | rising |
| 56 | Colombia | 1.3% | 2020 | up 55.2% | rising |
| 57 | Indonesia | 1.1% | 2020 | up 9.3% | rising |
| 58 | Hungary | 1.1% | 2020 | down 31.8% | rising |
| 59 | Mexico | 1.1% | 2019 | up 29.8% | rising |
| 60 | Greece | 1.1% | 2020 | up 8.5% | rising |
| 61 | Australia | 1.1% | 2020 | down 65.6% | falling |
| 62 | Eswatini | 1.1% | 2018 | up 114.1% | rising |
| 63 | El Salvador | 1.1% | 2020 | up 22.6% | rising |
| 64 | Kenya | 1.0% | 2020 | up 17.1% | rising |
| 65 | Togo | 1.0% | 2018 | up 111.0% | volatile |
| 66 | Slovakia | 0.9% | 2020 | down 40.3% | rising |
| 67 | Belize | 0.9% | 2020 | up 16.2% | rising |
| 68 | Czechia | 0.9% | 2020 | down 49.9% | rising |
| 69 | Lebanon | 0.9% | 2018 | down 17.3% | rising |
| 70 | Peru | 0.9% | 2020 | up 23.1% | rising |
| 71 | Suriname | 0.8% | 2020 | up 62.5% | rising |
| 72 | New Zealand | 0.8% | 2019 | up 1.9% | volatile |
| 73 | Panama | 0.8% | 2020 | down 4.7% | falling |
| 74 | Croatia | 0.7% | 2020 | down 5.1% | rising |
| 75 | Sri Lanka | 0.7% | 2020 | up 45.9% | rising |
| 76 | Côte d'Ivoire | 0.6% | 2019 | up 3.9% | rising |
| 77 | Malawi | 0.6% | 2019 | up 205.5% | rising |
| 78 | Poland | 0.6% | 2020 | down 67.6% | rising |
| 79 | Bolivia, Plurinational State of | 0.6% | 2020 | up 141.0% | volatile |
| 80 | United Arab Emirates | 0.6% | 2019 | up 66.9% | volatile |
| 81 | Pakistan | 0.6% | 2020 | up 63.4% | rising |
| 82 | Cambodia | 0.6% | 2020 | up 1,181.5% | volatile |
| 83 | Brunei Darussalam | 0.5% | 2020 | up 52.7% | falling |
| 84 | Ghana | 0.5% | 2020 | up 70.9% | volatile |
| 85 | Lithuania | 0.5% | 2020 | down 7.1% | rising |
| 86 | Burkina Faso | 0.5% | 2020 | up 99.3% | rising |
| 87 | Senegal | 0.5% | 2019 | up 119.6% | rising |
| 88 | Zambia | 0.5% | 2019 | up 68.8% | rising |
| 89 | Tunisia | 0.5% | 2019 | up 111.8% | volatile |
| 90 | Ecuador | 0.5% | 2020 | up 60.3% | volatile |
| 91 | Serbia | 0.5% | 2020 | up 65.3% | volatile |
| 92 | Latvia | 0.5% | 2020 | up 39.8% | rising |
| 93 | Iran, Islamic Republic of | 0.5% | 2018 | up 748.6% | volatile |
| 94 | Bosnia and Herzegovina | 0.4% | 2019 | up 60.3% | rising |
| 95 | Brazil | 0.4% | 2020 | down 66.2% | volatile |
| 96 | Russian Federation | 0.4% | 2020 | up 659.5% | volatile |
| 97 | Bangladesh | 0.4% | 2019 | down 42.0% | volatile |
| 98 | Egypt | 0.4% | 2019 | down 15.6% | rising |
| 99 | Bahrain | 0.4% | 2019 | down 39.9% | rising |
| 100 | Guatemala | 0.4% | 2020 | up 59.1% | rising |
| 101 | Argentina | 0.3% | 2020 | down 3.5% | falling |
| 102 | Nicaragua | 0.3% | 2019 | up 55.2% | rising |
| 103 | Seychelles | 0.3% | 2014 | down 54.5% | falling |
| 104 | Jordan | 0.3% | 2020 | up 59.4% | falling |
| 105 | Bulgaria | 0.3% | 2020 | up 1.1% | rising |
| 106 | Cameroon | 0.3% | 2020 | up 21.4% | rising |
| 107 | Benin | 0.3% | 2019 | up 60.7% | volatile |
| 108 | Türkiye | 0.3% | 2020 | up 53.1% | rising |
| 109 | Estonia | 0.3% | 2020 | down 45.2% | rising |
| 110 | Burundi | 0.3% | 2018 | up 64.6% | rising |
| 111 | Azerbaijan | 0.3% | 2019 | up 10,521.2% | volatile |
| 112 | North Macedonia | 0.3% | 2020 | up 223.2% | volatile |
| 113 | Kazakhstan | 0.2% | 2020 | up 189.9% | volatile |
| 114 | Mozambique | 0.2% | 2020 | up 41.0% | volatile |
| 115 | Uganda | 0.2% | 2020 | up 429.7% | volatile |
| 116 | Gabon | 0.2% | 2020 | up 32.6% | rising |
| 117 | Iceland | 0.2% | 2020 | up 11.5% | rising |
| 118 | Dominican Republic | 0.2% | 2020 | up 23.4% | flat |
| 119 | Romania | 0.2% | 2020 | down 37.3% | rising |
| 120 | Costa Rica | 0.2% | 2020 | up 10.4% | rising |
| 121 | Rwanda | 0.2% | 2011 | up 155.2% | volatile |
| 122 | Oman | 0.2% | 2019 | down 19.5% | rising |
| 123 | Paraguay | 0.2% | 2020 | up 160.2% | volatile |
| 124 | Haiti | 0.2% | 2017 | up 112.8% | rising |
| 125 | Nigeria | 0.1% | 2018 | up 78.4% | rising |
| 126 | Guyana | 0.1% | 2019 | up 5.6% | volatile |
| 127 | Belarus | 0.1% | 2020 | up 192.2% | volatile |
| 128 | Niger | 0.1% | 2018 | up 36.6% | rising |
| 129 | Cape Verde | 0.1% | 2018 | up 272.3% | volatile |
| 130 | Gambia | 0.1% | 2016 | up 230.8% | rising |
| 131 | Ukraine | 0.1% | 2020 | up 42.3% | volatile |
| 132 | Uzbekistan | 0.1% | 2019 | up 2,950.4% | volatile |
| 133 | Madagascar | 0.1% | 2018 | up 3.9% | rising |
| 134 | Mali | 0.1% | 2018 | up 89.8% | rising |
| 135 | Georgia | 0.1% | 2020 | up 122.4% | volatile |
| 136 | Sierra Leone | 0.1% | 2016 | up 295.1% | volatile |
| 137 | Kuwait | 0.1% | 2018 | up 6.5% | rising |
| 138 | Tanzania, United Republic of | 0.1% | 2020 | up 32.4% | falling |
| 139 | Papua New Guinea | 0.1% | 2016 | down 10.6% | falling |
| 140 | Albania | 0.1% | 2020 | up 9.0% | volatile |
| 141 | Algeria | 0.1% | 2020 | down 5.5% | rising |
| 142 | Congo | 0.1% | 2018 | up 162.7% | volatile |
| 143 | Djibouti | 0.1% | 2011 | up 145.9% | rising |
| 144 | Saudi Arabia | 0.0% | 2020 | down 1.9% | rising |
| 145 | Myanmar | 0.0% | 2020 | up 1,214.7% | volatile |
| 146 | Republic of Moldova | 0.0% | 2020 | down 20.8% | falling |
| 147 | Lao People's Democratic Republic | 0.0% | 2019 | up 236.9% | volatile |
| 148 | Yemen | 0.0% | 2020 | up 27.5% | flat |
| 149 | Ethiopia | 0.0% | 2017 | down 46.8% | falling |
| 150 | Angola | 0.0% | 2020 | down 68.3% | volatile |
| 151 | Mauritania | 0.0% | 2020 | up 29,591.4% | volatile |
| 152 | Chad | 0.0% | 2018 | up 38.9% | rising |
| 153 | Sudan | 0.0% | 2019 | down 53.3% | volatile |
| 154 | Central African Republic | 0.0% | 2014 | up 47.7% | falling |
| 155 | Libya | 0.0% | 2012 | down 58.5% | volatile |
| 156 | Tajikistan | 0.0% | 2013 | down 86.2% | volatile |
| 157 | Eritrea | 0.0% | 2019 | down 3.4% | volatile |
| 158 | Guinea | 0.0% | 2013 | up 6.5% | volatile |
| 159 | Syrian Arab Republic | 0.0% | 2019 | down 25.5% | rising |
| 160 | Congo, Democratic Republic of the | 0.0% | 2014 | down 29.7% | volatile |
| 161 | Mongolia | 0.0% | 2020 | down 5.8% | flat |
| 162 | Venezuela, Bolivarian Republic of | 0.0% | 2019 | down 99.9% | rising |
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.