Life insurance premium volume to GDP (%) in Denmark
Denmark: Life insurance premium volume to GDP (%) was 8.3% in 2020. ▲ Rising
Life insurance premium volume to GDP in Denmark, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Denmark stood at 8.3%. That is the highest value across all 31 years on record.
That represents a change of up 5.8% on the previous year and up 29.5% over ten years.
Over the whole period, life insurance premium volume to gdp in Denmark peaked at 8.3% in 2020 and was at its lowest, 2.4%, in 1990.
Denmark ranks 6th of 162 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Life insurance premium volume to GDP (%) in Denmark, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 2.4% | — |
| 1991 | 2.5% | +4.6% |
| 1992 | 2.7% | +5.9% |
| 1993 | 3.1% | +17.3% |
| 1994 | 3.0% | -5.8% |
| 1995 | 3.1% | +5.7% |
| 1996 | 3.5% | +12.4% |
| 1997 | 3.7% | +5.6% |
| 1998 | 4.6% | +23.0% |
| 1999 | 4.5% | -0.6% |
| 2000 | 4.7% | +3.2% |
| 2001 | 4.9% | +5.6% |
| 2002 | 5.2% | +5.5% |
| 2003 | 5.5% | +6.5% |
| 2004 | 5.9% | +5.9% |
| 2005 | 6.3% | +7.4% |
| 2006 | 6.5% | +3.2% |
| 2007 | 5.9% | -10.2% |
| 2008 | 6.2% | +6.3% |
| 2009 | 6.2% | -0.1% |
| 2010 | 6.4% | +3.2% |
| 2011 | 6.7% | +4.6% |
| 2012 | 6.8% | +1.7% |
| 2013 | 6.9% | +1.1% |
| 2014 | 7.1% | +2.5% |
| 2015 | 7.2% | +2.4% |
| 2016 | 7.2% | -0.5% |
| 2017 | 7.8% | +7.6% |
| 2018 | 8.0% | +2.9% |
| 2019 | 7.9% | -1.5% |
| 2020 | 8.3% | +5.8% |
Denmark compared with similar countries
- Denmark's 8.3% is above the median for high income countries, which is 1.6%, 5.1× the median. (59 countries reporting)
- Denmark's 8.3% is above the median for Europe & Central Asia, which is 0.8%, 10.3× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.3% | 2.4% | 4.6% | 10 |
| 2000s | 5.7% | 4.7% | 6.5% | 10 |
| 2010s | 7.2% | 6.4% | 8.0% | 10 |
| 2020s | 8.3% | 8.3% | 8.3% | 1 |
Countries ranked near Denmark
- 3 Macao 13.5% compare
- 4 South Africa 10.8% compare
- 5 United Kingdom 10.5% compare
- 7 Singapore 8.1% compare
- 8 Luxembourg 7.5% compare
- 9 Korea 6.2% compare
More financial sector data for Denmark
- Reserve position in the IMF, US dollar, annual growth rate 6.8 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 207.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.7 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 151.32 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.8 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 207.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.7 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Denmark?
- Life insurance premium volume to gdp in Denmark was 8.3% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Denmark?
- The highest recorded value was 8.3% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Denmark?
- The lowest recorded value was 2.4% in 1990.
- How does Denmark rank for life insurance premium volume to gdp?
- Denmark ranks 6th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Denmark?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is rising.
- Where does this Denmark 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.