Life insurance premium volume to GDP (%) in Belgium
Belgium: Life insurance premium volume to GDP (%) was 3.4% in 2019. ▼ Falling
Life insurance premium volume to GDP in Belgium, 1999–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2019, life insurance premium volume to gdp in Belgium stood at 3.4%.
Compared with earlier readings it is up 0.3% on the previous year and down 36.2% over ten years.
Over the whole period, life insurance premium volume to gdp in Belgium peaked at 8.1% in 2005 and was at its lowest, 3.3%, in 2017.
That places Belgium 18th out of 162 countries with data for 2019, putting it in the top quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Life insurance premium volume to GDP (%) in Belgium, year by year
| Year | % | Change |
|---|---|---|
| 1999 | 4.1% | — |
| 2000 | 5.0% | +21.6% |
| 2001 | 5.0% | -0.1% |
| 2002 | 5.3% | +5.7% |
| 2003 | 6.3% | +18.0% |
| 2004 | 6.7% | +7.2% |
| 2005 | 8.1% | +21.3% |
| 2006 | 6.3% | -22.6% |
| 2007 | 6.4% | +1.2% |
| 2008 | 5.5% | -13.3% |
| 2009 | 5.3% | -3.9% |
| 2010 | 5.3% | -0.8% |
| 2011 | 4.9% | -6.8% |
| 2012 | 5.4% | +10.6% |
| 2013 | 4.1% | -24.2% |
| 2014 | 4.0% | -2.3% |
| 2015 | 3.7% | -8.9% |
| 2016 | 3.5% | -5.6% |
| 2017 | 3.3% | -5.2% |
| 2018 | 3.4% | +3.2% |
| 2019 | 3.4% | +0.3% |
Belgium compared with similar countries
- Belgium's 3.4% is above the median for high income countries, which is 1.6%, 2.1× the median. (59 countries reporting)
- Belgium's 3.4% is above the median for Europe & Central Asia, which is 0.8%, 4.2× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.1% | 4.1% | 4.1% | 1 |
| 2000s | 6.0% | 5.0% | 8.1% | 10 |
| 2010s | 4.1% | 3.3% | 5.4% | 10 |
Countries ranked near Belgium
More financial sector data for Belgium
- Reserve position in the IMF, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 193.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.35 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 141.16 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 193.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.35 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Belgium?
- Life insurance premium volume to gdp in Belgium was 3.4% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Belgium?
- The highest recorded value was 8.1% in 2005.
- What is the lowest life insurance premium volume to gdp recorded in Belgium?
- The lowest recorded value was 3.3% in 2017.
- How does Belgium rank for life insurance premium volume to gdp?
- Belgium ranks 18th out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Belgium?
- Over the last ten years it is down 36.2%. The long-run trend across the full record is falling.
- Where does this Belgium 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.