Life insurance premium volume to GDP (%) in Canada
Canada: Life insurance premium volume to GDP (%) was 3.2% in 2019. ▲ Rising
Life insurance premium volume to GDP in Canada, 1992–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Canada recorded 3.2% for life insurance premium volume to gdp in 2019.
The figure is up 1.5% on the previous year and down 2.6% over ten years.
Over the whole period, life insurance premium volume to gdp in Canada peaked at 3.3% in 2009 and was at its lowest, 2.6%, in 1995.
Canada ranks 20th of 162 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Life insurance premium volume to GDP (%) in Canada, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 2.9% | — |
| 1993 | 2.8% | -0.2% |
| 1994 | 2.8% | +0.1% |
| 1995 | 2.6% | -9.8% |
| 1996 | 2.6% | +0.8% |
| 1997 | 2.9% | +13.2% |
| 1998 | 2.9% | +0.2% |
| 1999 | 3.0% | +3.0% |
| 2000 | 3.1% | +3.2% |
| 2001 | 2.8% | -9.2% |
| 2002 | 2.7% | -4.1% |
| 2003 | 2.7% | -2.0% |
| 2004 | 2.8% | +6.0% |
| 2005 | 2.9% | +1.7% |
| 2006 | 2.9% | +0.5% |
| 2007 | 3.1% | +6.8% |
| 2008 | 3.0% | -2.9% |
| 2009 | 3.3% | +9.5% |
| 2010 | 3.1% | -5.2% |
| 2011 | 2.9% | -6.8% |
| 2012 | 2.9% | -0.6% |
| 2013 | 2.9% | -0.4% |
| 2014 | 3.0% | +5.9% |
| 2015 | 3.2% | +4.8% |
| 2016 | 3.2% | +0.5% |
| 2017 | 3.2% | -1.5% |
| 2018 | 3.1% | -0.3% |
| 2019 | 3.2% | +1.5% |
Canada compared with similar countries
- Canada's 3.2% is above the median for high income countries, which is 1.6%, 2.0× the median. (59 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 2.6% | 3.0% | 8 |
| 2000s | 2.9% | 2.7% | 3.3% | 10 |
| 2010s | 3.1% | 2.9% | 3.2% | 10 |
Countries ranked near Canada
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Canada?
- Life insurance premium volume to gdp in Canada was 3.2% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Canada?
- The highest recorded value was 3.3% in 2009.
- What is the lowest life insurance premium volume to gdp recorded in Canada?
- The lowest recorded value was 2.6% in 1995.
- How does Canada rank for life insurance premium volume to gdp?
- Canada ranks 20th out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Canada?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is rising.
- Where does this Canada 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.