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
Lowest
0.0%
Venezuela
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; the lowest is 0.0% in Venezuela.
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 (down 99.9%).
Life insurance premium volume to GDP (%): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong | 19.4% | 2020 | up 98.1% | volatile |
| 2 | Taiwan | 13.6% | 2020 | down 5.1% | rising |
| 3 | Macao | 13.5% | 2020 | up 1,019.7% | volatile |
| 4 | South Africa | 10.8% | 2019 | down 7.8% | falling |
| 5 | United Kingdom | 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 | South 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 | 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 | Vietnam | 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 | Cote 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 | 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 | 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 | 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 | Russia | 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 | Turkey | 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 | 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 | Moldova | 0.0% | 2020 | down 20.8% | falling |
| 147 | Laos | 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 | Syria | 0.0% | 2019 | down 25.5% | rising |
| 160 | Democratic Republic of Congo | 0.0% | 2014 | down 29.7% | volatile |
| 161 | Mongolia | 0.0% | 2020 | down 5.8% | flat |
| 162 | Venezuela | 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.