Life insurance premium volume to GDP (%) in Austria
Austria: Life insurance premium volume to GDP (%) was 1.4% in 2020. ▼ Falling
Life insurance premium volume to GDP in Austria, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Austria recorded 1.4% for life insurance premium volume to gdp in 2020.
Compared with earlier readings it is up 3.9% on the previous year and down 43.9% over ten years.
Over the whole period, life insurance premium volume to gdp in Austria peaked at 2.8% in 2005 and was at its lowest, 1.4%, in 2019.
That places Austria 49th out of 162 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Life insurance premium volume to GDP (%) in Austria, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 1.8% | — |
| 1994 | 1.7% | -3.8% |
| 1995 | 1.9% | +10.7% |
| 1996 | 2.4% | +25.6% |
| 1997 | 2.0% | -17.0% |
| 1998 | 2.1% | +6.5% |
| 1999 | 2.4% | +10.3% |
| 2000 | 2.5% | +6.4% |
| 2001 | 2.6% | +4.8% |
| 2002 | 2.5% | -4.7% |
| 2003 | 2.5% | -2.4% |
| 2004 | 2.5% | +3.4% |
| 2005 | 2.8% | +10.2% |
| 2006 | 2.7% | -4.4% |
| 2007 | 2.5% | -5.4% |
| 2008 | 2.5% | -1.2% |
| 2009 | 2.5% | +1.2% |
| 2010 | 2.6% | +0.6% |
| 2011 | 2.3% | -11.7% |
| 2012 | 2.0% | -9.2% |
| 2013 | 2.0% | -1.9% |
| 2014 | 2.0% | +1.0% |
| 2015 | 2.0% | -3.6% |
| 2016 | 1.7% | -12.6% |
| 2017 | 1.6% | -8.1% |
| 2018 | 1.5% | -7.6% |
| 2019 | 1.4% | -5.1% |
| 2020 | 1.4% | +3.9% |
Austria compared with similar countries
- Austria's 1.4% is below the median for high income countries, which is 1.6%, 88% of the median. (59 countries reporting)
- Austria's 1.4% is above the median for Europe & Central Asia, which is 0.8%, 1.8× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.1% | 1.7% | 2.4% | 7 |
| 2000s | 2.6% | 2.5% | 2.8% | 10 |
| 2010s | 1.9% | 1.4% | 2.6% | 10 |
| 2020s | 1.4% | 1.4% | 1.4% | 1 |
Countries ranked near Austria
More financial sector data for Austria
- Reserve position in the IMF, US dollar, annual growth rate 9.04 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 151.2 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.83 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 110.41 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 9.04 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 151.2 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.83 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Austria?
- Life insurance premium volume to gdp in Austria was 1.4% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Austria?
- The highest recorded value was 2.8% in 2005.
- What is the lowest life insurance premium volume to gdp recorded in Austria?
- The lowest recorded value was 1.4% in 2019.
- How does Austria rank for life insurance premium volume to gdp?
- Austria ranks 49th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Austria?
- Over the last ten years it is down 43.9%. The long-run trend across the full record is falling.
- Where does this Austria data come from?
- The figures come from Sigma Reports, Swiss Re, published as part of Life insurance premium volume to GDP (%). Statizoid updates them automatically from the source API.
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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.