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% |
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
- Net domestic credit (current LCU), annual growth rate 13.87 % change on previous year (2025)
- Net domestic credit (current LCU), per unit of GDP 136.31 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), per capita 226,044 current LCU per person (2025)
- Net foreign assets (current LCU), annual growth rate 10.36 % change on previous year (2025)
- Net foreign assets (current LCU), per unit of GDP 91.41 current LCU per US$ of GDP (2025)
- Net foreign assets (current LCU), per capita 151,577 current LCU per person (2025)
- Net migration, annual growth rate -1.58 % change on previous year (2025)
- Net migration -7,847 (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Domestic credit to private sector 19.8% (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.
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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.