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% |
Colombia compared with similar countries
- Colombia's 1.3% is above the median for upper middle income countries, which is 0.5%, 2.8× the median. (46 countries reporting)
- Colombia's 1.3% is above the median for Latin America & Caribbean, which is 1.0%, 1.4× the median. (32 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.68 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.26 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.68 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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.