Life insurance premium volume to GDP in Bahamas
Bahamas: Life insurance premium volume to GDP was 1.7% in 2020. ▼ Falling
Life insurance premium volume to GDP in Bahamas, 1991–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Bahamas stood at 1.7%.
That represents a change of up 12.0% on the previous year and down 52.2% over ten years.
Over the whole period, life insurance premium volume to gdp in Bahamas peaked at 3.9% in 2011 and was at its lowest, 1.5%, in 2018.
That places Bahamas 45th 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 30 years of available data.
Life insurance premium volume to GDP in Bahamas, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 2.5% | — |
| 1992 | 2.6% | +4.8% |
| 1993 | 1.7% | -35.0% |
| 1994 | 1.7% | -0.7% |
| 1995 | 2.5% | +52.0% |
| 1996 | 2.6% | +2.3% |
| 1997 | 2.7% | +3.1% |
| 1998 | 2.6% | -1.3% |
| 1999 | 2.4% | -8.5% |
| 2000 | 2.3% | -3.7% |
| 2001 | 3.1% | +33.0% |
| 2002 | 2.6% | -14.6% |
| 2003 | 2.7% | +2.7% |
| 2004 | 2.9% | +5.2% |
| 2005 | 3.1% | +10.0% |
| 2006 | 3.3% | +6.1% |
| 2007 | 3.4% | +2.3% |
| 2008 | 3.7% | +9.4% |
| 2009 | 3.6% | -3.6% |
| 2010 | 3.5% | -3.6% |
| 2011 | 3.9% | +11.6% |
| 2012 | 3.6% | -6.3% |
| 2013 | 1.7% | -52.6% |
| 2014 | 1.8% | +2.1% |
| 2015 | 1.8% | +3.1% |
| 2016 | 1.7% | -5.8% |
| 2017 | 1.5% | -11.6% |
| 2018 | 1.5% | -2.5% |
| 2019 | 1.5% | +0.6% |
| 2020 | 1.7% | +12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.4% | 1.7% | 2.7% | 9 |
| 2000s | 3.1% | 2.3% | 3.7% | 10 |
| 2010s | 2.2% | 1.5% | 3.9% | 10 |
| 2020s | 1.7% | 1.7% | 1.7% | 1 |
Countries ranked near Bahamas
More financial sector data for Bahamas
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2024)
- Reserve position in the IMF, US dollar, per capita 65.53 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2024)
- Reserve position in the IMF, SDR, per capita 47.85 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2024)
- Reserve tranche position, US dollar, per capita 65.53 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Bahamas?
- Life insurance premium volume to gdp in Bahamas was 1.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Bahamas?
- The highest recorded value was 3.9% in 2011.
- What is the lowest life insurance premium volume to gdp recorded in Bahamas?
- The lowest recorded value was 1.5% in 2018.
- How does Bahamas rank for life insurance premium volume to gdp?
- Bahamas ranks 45th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Bahamas?
- Over the last ten years it is down 52.2%. The long-run trend across the full record is falling.
- Where does this Bahamas 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.