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% |
China compared with similar countries
- China's 2.4% is above the median for upper middle income countries, which is 0.5%, 4.9× the median. (46 countries reporting)
- China's 2.4% is above the median for East Asia & Pacific, which is 1.4%, 1.7× the median. (20 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 14.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.95 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 9.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0004 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.8 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 14.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.95 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 9.09 % 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.