Life insurance premium volume to GDP (%) in Benin
Benin: Life insurance premium volume to GDP (%) was 0.3% in 2019. ◆ Volatile
Life insurance premium volume to GDP in Benin, 1994–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Benin recorded 0.3% for life insurance premium volume to gdp in 2019. That is the highest value across all 26 years on record.
The figure is up 13.4% on the previous year and up 60.7% over ten years.
Over the whole period, life insurance premium volume to gdp in Benin peaked at 0.3% in 2019 and was at its lowest, 0.0%, in 1994.
Benin ranks 107th of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Life insurance premium volume to GDP (%) in Benin, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 0.0% | — |
| 1995 | 0.0% | +35.7% |
| 1996 | 0.0% | +204.6% |
| 1997 | 0.1% | +82.2% |
| 1998 | 0.1% | +38.8% |
| 1999 | 0.1% | +4.4% |
| 2000 | 0.1% | -6.9% |
| 2001 | 0.1% | +7.1% |
| 2002 | 0.1% | -11.8% |
| 2003 | 0.1% | -0.3% |
| 2004 | 0.1% | -1.4% |
| 2005 | 0.1% | +39.0% |
| 2006 | 0.1% | +17.1% |
| 2007 | 0.2% | +13.5% |
| 2008 | 0.2% | +17.6% |
| 2009 | 0.2% | -0.1% |
| 2010 | 0.2% | +13.4% |
| 2011 | 0.2% | +0.7% |
| 2012 | 0.2% | -11.4% |
| 2013 | 0.2% | -2.5% |
| 2014 | 0.2% | +4.1% |
| 2015 | 0.2% | +11.8% |
| 2016 | 0.2% | +19.2% |
| 2017 | 0.2% | +1.9% |
| 2018 | 0.3% | +1.7% |
| 2019 | 0.3% | +13.4% |
Benin compared with similar countries
- Benin's 0.3% is below the median for lower middle income countries, which is 0.4%, 76% of the median. (37 countries reporting)
- Benin's 0.3% is above the median for Sub-Saharan Africa, which is 0.2%, 1.2× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Benin changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +204.6% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.0% | 0.1% | 6 |
| 2000s | 0.1% | 0.1% | 0.2% | 10 |
| 2010s | 0.2% | 0.2% | 0.3% | 10 |
Countries ranked near Benin
More financial sector data for Benin
- 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 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.7 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 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.24 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 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.7 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 Benin?
- Life insurance premium volume to gdp in Benin was 0.3% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Benin?
- The highest recorded value was 0.3% in 2019.
- What is the lowest life insurance premium volume to gdp recorded in Benin?
- The lowest recorded value was 0.0% in 1994.
- How does Benin rank for life insurance premium volume to gdp?
- Benin ranks 107th out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Benin?
- Over the last ten years it is up 60.7%. The long-run trend across the full record is volatile.
- Where does this Benin 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.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.