Life insurance premium volume to GDP (%) in Belize
Belize: Life insurance premium volume to GDP (%) was 0.9% in 2020. ▲ Rising
Life insurance premium volume to GDP in Belize, 1995–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Belize is 0.9%, measured in 2020.
That represents a change of down 6.0% on the previous year and up 16.2% over ten years.
Over the whole period, life insurance premium volume to gdp in Belize peaked at 1.0% in 2002 and was at its lowest, 0.5%, in 1995.
That places Belize 67th out of 162 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Life insurance premium volume to GDP (%) in Belize, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 0.5% | — |
| 1996 | 0.6% | +9.9% |
| 1997 | 0.6% | +4.6% |
| 1998 | 0.7% | +6.8% |
| 1999 | 0.6% | -13.3% |
| 2000 | 0.7% | +25.8% |
| 2001 | 0.9% | +26.7% |
| 2002 | 1.0% | +15.1% |
| 2003 | 0.9% | -15.2% |
| 2004 | 1.0% | +8.1% |
| 2005 | 0.9% | -7.1% |
| 2006 | 0.8% | -4.8% |
| 2007 | 0.9% | +4.2% |
| 2008 | 0.8% | -3.2% |
| 2009 | 0.7% | -15.7% |
| 2010 | 0.8% | +11.3% |
| 2011 | 0.8% | +0.5% |
| 2012 | 0.8% | -4.2% |
| 2013 | 0.8% | +0.9% |
| 2014 | 0.8% | +9.4% |
| 2015 | 0.8% | -4.9% |
| 2016 | 0.9% | +12.3% |
| 2017 | 0.8% | -7.4% |
| 2018 | 0.9% | +3.3% |
| 2019 | 1.0% | +13.8% |
| 2020 | 0.9% | -6.0% |
Belize compared with similar countries
- Belize's 0.9% is above the median for upper middle income countries, which is 0.5%, 1.9× the median. (46 countries reporting)
- Belize's 0.9% is below the median for Latin America & Caribbean, which is 1.0%, 93% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | 0.5% | 0.7% | 5 |
| 2000s | 0.9% | 0.7% | 1.0% | 10 |
| 2010s | 0.8% | 0.8% | 1.0% | 10 |
| 2020s | 0.9% | 0.9% | 0.9% | 1 |
Countries ranked near Belize
More financial sector data for Belize
- 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 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 20.12 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 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 14.69 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 0.0026 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 20.12 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 Belize?
- Life insurance premium volume to gdp in Belize was 0.9% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Belize?
- The highest recorded value was 1.0% in 2002.
- What is the lowest life insurance premium volume to gdp recorded in Belize?
- The lowest recorded value was 0.5% in 1995.
- How does Belize rank for life insurance premium volume to gdp?
- Belize ranks 67th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Belize?
- Over the last ten years it is up 16.2%. The long-run trend across the full record is rising.
- Where does this Belize 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.