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% |
Cyprus compared with similar countries
- Cyprus's 1.9% is above the median for high income countries, which is 1.6%, 1.2× the median. (59 countries reporting)
- Cyprus's 1.9% is above the median for Europe & Central Asia, which is 0.8%, 2.4× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +183.8% | 2.3% | 6.4% |
| 2000 | -40.6% | 6.4% | 3.8% |
| 2001 | -38.7% | 3.8% | 2.3% |
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
- 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 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 84.99 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 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 62.06 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 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 84.99 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 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.
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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.