Life insurance premium volume to GDP (%) in Czechia
Czechia: Life insurance premium volume to GDP (%) was 0.9% in 2020. ▲ Rising
Life insurance premium volume to GDP in Czechia, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Czechia stood at 0.9%.
The figure is down 1.4% on the previous year and down 49.9% over ten years.
Over the whole period, life insurance premium volume to gdp in Czechia peaked at 1.8% in 2010 and was at its lowest, 0.6%, in 1995.
Czechia ranks 68th of 162 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Life insurance premium volume to GDP (%) in Czechia, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 0.6% | — |
| 1994 | 0.6% | +8.4% |
| 1995 | 0.6% | -7.9% |
| 1996 | 0.6% | +4.0% |
| 1997 | 0.6% | +7.2% |
| 1998 | 0.7% | +7.8% |
| 1999 | 0.9% | +27.4% |
| 2000 | 1.0% | +16.2% |
| 2001 | 1.2% | +14.5% |
| 2002 | 1.3% | +7.9% |
| 2003 | 1.5% | +14.7% |
| 2004 | 1.4% | -1.4% |
| 2005 | 1.4% | -4.8% |
| 2006 | 1.3% | -2.1% |
| 2007 | 1.4% | +4.8% |
| 2008 | 1.4% | +0.4% |
| 2009 | 1.5% | +8.2% |
| 2010 | 1.8% | +18.0% |
| 2011 | 1.8% | -1.4% |
| 2012 | 1.8% | -0.6% |
| 2013 | 1.7% | -2.0% |
| 2014 | 1.6% | -5.2% |
| 2015 | 1.3% | -17.6% |
| 2016 | 1.2% | -8.5% |
| 2017 | 1.1% | -9.3% |
| 2018 | 1.0% | -7.8% |
| 2019 | 0.9% | -11.4% |
| 2020 | 0.9% | -1.4% |
Czechia compared with similar countries
- Czechia's 0.9% is below the median for high income countries, which is 1.6%, 56% of the median. (59 countries reporting)
- Czechia's 0.9% is above the median for Europe & Central Asia, which is 0.8%, 1.1× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7% | 0.6% | 0.9% | 7 |
| 2000s | 1.3% | 1.0% | 1.5% | 10 |
| 2010s | 1.4% | 0.9% | 1.8% | 10 |
| 2020s | 0.9% | 0.9% | 0.9% | 1 |
Countries ranked near Czechia
More financial sector data for Czechia
- Reserve position in the IMF, US dollar, annual growth rate 3.88 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 71.12 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -1.07 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 51.93 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 3.88 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 71.12 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -1.07 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Czechia?
- Life insurance premium volume to gdp in Czechia was 0.9% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Czechia?
- The highest recorded value was 1.8% in 2010.
- What is the lowest life insurance premium volume to gdp recorded in Czechia?
- The lowest recorded value was 0.6% in 1995.
- How does Czechia rank for life insurance premium volume to gdp?
- Czechia ranks 68th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Czechia?
- Over the last ten years it is down 49.9%. The long-run trend across the full record is rising.
- Where does this Czechia 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 — 28 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.