Life insurance premium volume to GDP (%) in Georgia
Georgia: Life insurance premium volume to GDP (%) was 0.1% in 2020. ◆ Volatile
Life insurance premium volume to GDP in Georgia, 1997–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Georgia stood at 0.1%. That is the highest value across all 24 years on record.
The figure is up 10.0% on the previous year and up 122.4% over ten years.
Over the whole period, life insurance premium volume to gdp in Georgia peaked at 0.1% in 2020 and was at its lowest, 0.0%, in 2000.
That places Georgia 135th out of 162 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Life insurance premium volume to GDP (%) in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 0.0% | — |
| 1998 | 0.0% | +5.2% |
| 1999 | 0.0% | +9.2% |
| 2000 | 0.0% | -50.1% |
| 2001 | 0.1% | +2670.3% |
| 2002 | 0.0% | -82.7% |
| 2003 | 0.0% | +27.6% |
| 2004 | 0.0% | +10.3% |
| 2005 | 0.0% | +130.5% |
| 2006 | 0.0% | -16.8% |
| 2007 | 0.0% | +82.4% |
| 2008 | 0.1% | +42.3% |
| 2009 | 0.1% | -19.6% |
| 2010 | 0.0% | -13.6% |
| 2011 | 0.1% | +39.9% |
| 2012 | 0.1% | +29.5% |
| 2013 | 0.0% | -47.0% |
| 2014 | 0.1% | +21.5% |
| 2015 | 0.1% | +39.4% |
| 2016 | 0.1% | -5.0% |
| 2017 | 0.1% | -11.0% |
| 2018 | 0.1% | +34.1% |
| 2019 | 0.1% | +9.8% |
| 2020 | 0.1% | +10.0% |
Georgia compared with similar countries
- Georgia's 0.1% is below the median for upper middle income countries, which is 0.5%, 21% of the median. (46 countries reporting)
- Georgia's 0.1% is below the median for Europe & Central Asia, which is 0.8%, 13% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Georgia 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 |
|---|---|---|---|
| 2001 | +2670.3% | 0.0% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 3 |
| 2000s | 0.0% | 0.0% | 0.1% | 10 |
| 2010s | 0.1% | 0.0% | 0.1% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near Georgia
- 132 Uzbekistan 0.1% compare
- 133 Madagascar 0.1% compare
- 134 Mali 0.1% compare
- 136 Sierra Leone 0.1% compare
- 137 Kuwait 0.1% compare
- 138 Tanzania 0.1% compare
More financial sector data for Georgia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0076 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0055 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0076 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 Georgia?
- Life insurance premium volume to gdp in Georgia was 0.1% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Georgia?
- The highest recorded value was 0.1% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Georgia?
- The lowest recorded value was 0.0% in 2000.
- How does Georgia rank for life insurance premium volume to gdp?
- Georgia ranks 135th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Georgia?
- Over the last ten years it is up 122.4%. The long-run trend across the full record is volatile.
- Where does this Georgia 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 — 24 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.