Life insurance premium volume to GDP in Cyprus
Cyprus: Life insurance premium volume to GDP was 1.9% in 2020. ▼ Falling
Life insurance premium volume to GDP in Cyprus, 1991–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Cyprus is 1.9%, measured in 2020.
The figure is up 13.6% on the previous year and up 0.7% over ten years.
Over the whole period, life insurance premium volume to gdp in Cyprus peaked at 6.4% in 1999 and was at its lowest, 1.4%, in 1991.
Cyprus ranks 35th of 162 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Life insurance premium volume to GDP in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 1.4% | — |
| 1992 | 1.5% | +3.0% |
| 1993 | 1.7% | +12.5% |
| 1994 | 1.8% | +6.7% |
| 1995 | 1.8% | +0.0% |
| 1996 | 2.0% | +13.4% |
| 1997 | 2.2% | +7.2% |
| 1998 | 2.3% | +4.2% |
| 1999 | 6.4% | +183.8% |
| 2000 | 3.8% | -40.6% |
| 2001 | 2.3% | -38.7% |
| 2002 | 2.3% | +0.1% |
| 2003 | 2.2% | -3.3% |
| 2004 | 2.1% | -7.1% |
| 2005 | 2.0% | -4.0% |
| 2006 | 2.0% | -0.2% |
| 2007 | 2.1% | +2.6% |
| 2008 | 1.8% | -12.7% |
| 2009 | 1.9% | +5.4% |
| 2010 | 1.9% | +2.1% |
| 2011 | 1.9% | +0.5% |
| 2012 | 1.8% | -5.4% |
| 2013 | 1.8% | -3.5% |
| 2014 | 1.7% | -1.7% |
| 2015 | 1.7% | -1.6% |
| 2016 | 1.7% | -0.9% |
| 2017 | 1.7% | +1.8% |
| 2018 | 1.8% | +2.1% |
| 2019 | 1.7% | -3.1% |
| 2020 | 1.9% | +13.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.3% | 1.4% | 6.4% | 9 |
| 2000s | 2.3% | 1.8% | 3.8% | 10 |
| 2010s | 1.8% | 1.7% | 1.9% | 10 |
| 2020s | 1.9% | 1.9% | 1.9% | 1 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Total reserves (gold at national valuation) (SDR), annual growth rate 33.35 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,557 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 60.58 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 11.41 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0052 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 157.68 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 3.35 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 532.45 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Cyprus?
- Life insurance premium volume to gdp in Cyprus was 1.9% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Cyprus?
- The highest recorded value was 6.4% in 1999.
- What is the lowest life insurance premium volume to gdp recorded in Cyprus?
- The lowest recorded value was 1.4% in 1991.
- How does Cyprus rank for life insurance premium volume to gdp?
- Cyprus ranks 35th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Cyprus?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is falling.
- Where does this Cyprus 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.
Download this data
CSV · JSON — 30 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.