Life insurance premium volume to GDP in Colombia
Colombia: Life insurance premium volume to GDP was 1.3% in 2020. ▲ Rising
Life insurance premium volume to GDP in Colombia, 1994–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Colombia recorded 1.3% for life insurance premium volume to gdp in 2020. That is the highest value across all 27 years on record.
The figure is up 4.6% on the previous year and up 55.2% over ten years.
Over the whole period, life insurance premium volume to gdp in Colombia peaked at 1.3% in 2020 and was at its lowest, 0.3%, in 1994.
That places Colombia 56th out of 162 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Life insurance premium volume to GDP in Colombia, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 0.3% | — |
| 1995 | 0.3% | +25.9% |
| 1996 | 0.4% | +27.6% |
| 1997 | 0.5% | +13.5% |
| 1998 | 0.5% | +14.9% |
| 1999 | 0.6% | +2.7% |
| 2000 | 0.6% | +1.4% |
| 2001 | 0.6% | +4.9% |
| 2002 | 0.8% | +27.6% |
| 2003 | 0.8% | +1.0% |
| 2004 | 0.7% | -4.1% |
| 2005 | 0.7% | -5.1% |
| 2006 | 0.8% | +8.8% |
| 2007 | 0.8% | +0.2% |
| 2008 | 1.0% | +26.2% |
| 2009 | 1.0% | +2.0% |
| 2010 | 0.9% | -11.2% |
| 2011 | 0.9% | +1.5% |
| 2012 | 1.0% | +17.0% |
| 2013 | 1.3% | +23.3% |
| 2014 | 1.1% | -13.5% |
| 2015 | 1.2% | +5.7% |
| 2016 | 1.2% | +6.9% |
| 2017 | 1.3% | +5.6% |
| 2018 | 1.3% | -2.0% |
| 2019 | 1.3% | +0.1% |
| 2020 | 1.3% | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4% | 0.3% | 0.6% | 6 |
| 2000s | 0.8% | 0.6% | 1.0% | 10 |
| 2010s | 1.1% | 0.9% | 1.3% | 10 |
| 2020s | 1.3% | 1.3% | 1.3% | 1 |
Countries ranked near Colombia
More financial sector data for Colombia
- Net domestic credit (current LCU), per capita 18.17 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 2,123 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 11.36 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 5.26 million SDR (2025)
- Gold reserves at market value 479.38 million SDR (2025)
- Reserves excluding gold, foreign exchange 44.54 billion SDR (2025)
- Reserves excluding gold 47.57 billion SDR (2025)
- Total reserves (gold at market value) 48.05 billion SDR (2025)
- Total reserves (gold at national valuation) 48.04 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 899.28 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Colombia?
- Life insurance premium volume to gdp in Colombia was 1.3% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Colombia?
- The highest recorded value was 1.3% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Colombia?
- The lowest recorded value was 0.3% in 1994.
- How does Colombia rank for life insurance premium volume to gdp?
- Colombia ranks 56th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Colombia?
- Over the last ten years it is up 55.2%. The long-run trend across the full record is rising.
- Where does this Colombia 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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CSV · JSON — 27 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.