Life insurance premium volume to GDP in Finland
Finland: Life insurance premium volume to GDP was 1.7% in 2020. ▲ Rising
Life insurance premium volume to GDP in Finland, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Finland is 1.7%, measured in 2020.
That represents a change of down 33.0% on the previous year and down 39.4% over ten years.
Over the whole period, life insurance premium volume to gdp in Finland peaked at 3.1% in 2000 and was at its lowest, 0.6%, in 1993.
That places Finland 44th out of 162 countries with data for 2020, putting it 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 Finland, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 0.6% | — |
| 1994 | 0.8% | +24.2% |
| 1995 | 1.3% | +63.0% |
| 1996 | 2.0% | +60.3% |
| 1997 | 1.8% | -12.2% |
| 1998 | 2.0% | +11.9% |
| 1999 | 2.5% | +25.4% |
| 2000 | 3.1% | +24.7% |
| 2001 | 2.3% | -25.9% |
| 2002 | 2.2% | -3.1% |
| 2003 | 1.9% | -15.3% |
| 2004 | 1.8% | -4.3% |
| 2005 | 1.9% | +4.7% |
| 2006 | 1.7% | -9.9% |
| 2007 | 1.5% | -12.6% |
| 2008 | 1.4% | -2.7% |
| 2009 | 1.8% | +27.3% |
| 2010 | 2.8% | +50.6% |
| 2011 | 1.9% | -32.2% |
| 2012 | 2.0% | +5.2% |
| 2013 | 2.7% | +38.2% |
| 2014 | 2.9% | +7.8% |
| 2015 | 3.0% | +0.5% |
| 2016 | 2.1% | -29.2% |
| 2017 | 2.0% | -4.6% |
| 2018 | 1.9% | -6.5% |
| 2019 | 2.5% | +34.1% |
| 2020 | 1.7% | -33.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.6% | 0.6% | 2.5% | 7 |
| 2000s | 2.0% | 1.4% | 3.1% | 10 |
| 2010s | 2.4% | 1.9% | 3.0% | 10 |
| 2020s | 1.7% | 1.7% | 1.7% | 1 |
Countries ranked near Finland
More financial sector data for Finland
- Net domestic credit (current LCU), per capita 64,847 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.22 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.46 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 49.24 million SDR (2025)
- Gold reserves at market value 4.49 billion SDR (2025)
- Reserves excluding gold, foreign exchange 7.56 billion SDR (2025)
- Reserves excluding gold 11.91 billion SDR (2025)
- Total reserves (gold at market value) 16.40 billion SDR (2025)
- Total reserves (gold at national valuation) 16.34 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,894 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Finland?
- Life insurance premium volume to gdp in Finland was 1.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Finland?
- The highest recorded value was 3.1% in 2000.
- What is the lowest life insurance premium volume to gdp recorded in Finland?
- The lowest recorded value was 0.6% in 1993.
- How does Finland rank for life insurance premium volume to gdp?
- Finland ranks 44th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Finland?
- Over the last ten years it is down 39.4%. The long-run trend across the full record is rising.
- Where does this Finland 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.