Life insurance premium volume to GDP (%) in Ecuador
Ecuador: Life insurance premium volume to GDP (%) was 0.5% in 2020. ◆ Volatile
Life insurance premium volume to GDP in Ecuador, 1994–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Ecuador is 0.5%, measured in 2020. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 9.6% on the previous year and up 60.3% over ten years.
Over the whole period, life insurance premium volume to gdp in Ecuador peaked at 0.5% in 2020 and was at its lowest, 0.1%, in 1994.
Ecuador ranks 90th of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Life insurance premium volume to GDP (%) in Ecuador, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 0.1% | — |
| 1995 | 0.1% | +2.6% |
| 1996 | 0.1% | +11.1% |
| 1997 | 0.1% | -0.1% |
| 1998 | 0.1% | +20.7% |
| 1999 | 0.1% | -13.1% |
| 2000 | 0.1% | -16.0% |
| 2001 | 0.1% | +20.3% |
| 2002 | 0.1% | +11.1% |
| 2003 | 0.1% | +18.3% |
| 2004 | 0.2% | +12.8% |
| 2005 | 0.2% | +19.0% |
| 2006 | 0.2% | +9.4% |
| 2007 | 0.2% | +8.9% |
| 2008 | 0.3% | +15.2% |
| 2009 | 0.3% | +9.8% |
| 2010 | 0.3% | +3.9% |
| 2011 | 0.3% | +11.6% |
| 2012 | 0.3% | +2.5% |
| 2013 | 0.4% | +10.0% |
| 2014 | 0.3% | -14.8% |
| 2015 | 0.4% | +11.9% |
| 2016 | 0.4% | +13.5% |
| 2017 | 0.4% | +0.8% |
| 2018 | 0.5% | +13.3% |
| 2019 | 0.4% | -6.1% |
| 2020 | 0.5% | +9.6% |
Ecuador compared with similar countries
- Ecuador's 0.5% is above the median for upper middle income countries, which is 0.5%, 1.0× the median. (46 countries reporting)
- Ecuador's 0.5% is below the median for Latin America & Caribbean, which is 1.0%, 49% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.1% | 0.1% | 6 |
| 2000s | 0.2% | 0.1% | 0.3% | 10 |
| 2010s | 0.4% | 0.3% | 0.5% | 10 |
| 2020s | 0.5% | 0.5% | 0.5% | 1 |
Countries ranked near Ecuador
More financial sector data for Ecuador
- 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 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.14 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 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.56 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 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.14 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 Ecuador?
- Life insurance premium volume to gdp in Ecuador was 0.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Ecuador?
- The highest recorded value was 0.5% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Ecuador?
- The lowest recorded value was 0.1% in 1994.
- How does Ecuador rank for life insurance premium volume to gdp?
- Ecuador ranks 90th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Ecuador?
- Over the last ten years it is up 60.3%. The long-run trend across the full record is volatile.
- Where does this Ecuador 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.