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% |
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
- Total reserves in months of imports, annual growth rate 43.35 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 42.87 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0061 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 381.66 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 12.77 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,119 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 43.72 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 4,237 SDR per person (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.