Life insurance premium volume to GDP in China
China: Life insurance premium volume to GDP was 2.4% in 2020. ▲ Rising
Life insurance premium volume to GDP in China, 1992–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
China recorded 2.4% for life insurance premium volume to gdp in 2020.
That represents a change of up 11.2% on the previous year and down 0.4% over ten years.
Over the whole period, life insurance premium volume to gdp in China peaked at 2.6% in 2017 and was at its lowest, 0.3%, in 1992.
That places China 31st out of 162 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Life insurance premium volume to GDP in China, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 0.3% | — |
| 1993 | 0.4% | +50.5% |
| 1994 | 0.3% | -15.8% |
| 1995 | 0.4% | +20.1% |
| 1996 | 0.5% | +13.7% |
| 1997 | 0.8% | +70.7% |
| 1998 | 0.8% | -0.8% |
| 1999 | 0.9% | +8.4% |
| 2000 | 0.9% | +1.7% |
| 2001 | 1.2% | +35.2% |
| 2002 | 1.7% | +46.0% |
| 2003 | 0.9% | -50.0% |
| 2004 | 1.8% | +105.5% |
| 2005 | 1.7% | -1.9% |
| 2006 | 1.6% | -5.4% |
| 2007 | 1.6% | +0.9% |
| 2008 | 2.1% | +27.0% |
| 2009 | 2.1% | +2.4% |
| 2010 | 2.4% | +10.4% |
| 2011 | 1.8% | -24.2% |
| 2012 | 1.7% | -8.0% |
| 2013 | 1.6% | -4.4% |
| 2014 | 1.7% | +6.7% |
| 2015 | 1.9% | +13.5% |
| 2016 | 2.3% | +21.7% |
| 2017 | 2.6% | +12.5% |
| 2018 | 2.3% | -12.9% |
| 2019 | 2.1% | -7.1% |
| 2020 | 2.4% | +11.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5% | 0.3% | 0.9% | 8 |
| 2000s | 1.6% | 0.9% | 2.1% | 10 |
| 2010s | 2.0% | 1.6% | 2.6% | 10 |
| 2020s | 2.4% | 2.4% | 2.4% | 1 |
Countries ranked near China
More financial sector data for China
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -0.1486 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1258 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,743 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -0.1047 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,778 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 3.29 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,946 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 3.17 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,944 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 8.42 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in China?
- Life insurance premium volume to gdp in China was 2.4% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in China?
- The highest recorded value was 2.6% in 2017.
- What is the lowest life insurance premium volume to gdp recorded in China?
- The lowest recorded value was 0.3% in 1992.
- How does China rank for life insurance premium volume to gdp?
- China ranks 31st out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in China?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is rising.
- Where does this China 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.