Life insurance premium volume to GDP (%) in Germany
Germany: Life insurance premium volume to GDP (%) was 3.1% in 2020. ▲ Rising
Life insurance premium volume to GDP in Germany, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Germany stood at 3.1%.
That represents a change of up 3.4% on the previous year and down 12.2% over ten years.
Over the whole period, life insurance premium volume to gdp in Germany peaked at 3.5% in 2010 and was at its lowest, 2.0%, in 1991.
That places Germany 22nd out of 162 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Life insurance premium volume to GDP (%) in Germany, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 2.1% | — |
| 1991 | 2.0% | -3.4% |
| 1992 | 2.1% | +3.4% |
| 1993 | 2.3% | +8.5% |
| 1994 | 2.4% | +4.8% |
| 1995 | 2.4% | +2.7% |
| 1996 | 2.5% | +3.5% |
| 1997 | 2.6% | +3.1% |
| 1998 | 2.7% | +2.4% |
| 1999 | 2.9% | +6.8% |
| 2000 | 2.9% | +1.8% |
| 2001 | 2.9% | -0.8% |
| 2002 | 3.0% | +3.2% |
| 2003 | 3.1% | +4.4% |
| 2004 | 3.1% | +0.3% |
| 2005 | 3.3% | +5.8% |
| 2006 | 3.3% | -0.2% |
| 2007 | 3.2% | -3.8% |
| 2008 | 3.1% | -1.0% |
| 2009 | 3.5% | +11.5% |
| 2010 | 3.5% | +1.1% |
| 2011 | 3.2% | -8.5% |
| 2012 | 3.3% | +1.4% |
| 2013 | 3.2% | -1.2% |
| 2014 | 3.2% | -1.0% |
| 2015 | 3.1% | -4.3% |
| 2016 | 2.9% | -5.4% |
| 2017 | 2.8% | -4.0% |
| 2018 | 2.8% | -0.5% |
| 2019 | 3.0% | +8.2% |
| 2020 | 3.1% | +3.4% |
Germany compared with similar countries
- Germany's 3.1% is above the median for high income countries, which is 1.6%, 1.9× the median. (59 countries reporting)
- Germany's 3.1% is above the median for Europe & Central Asia, which is 0.8%, 3.8× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.4% | 2.0% | 2.9% | 10 |
| 2000s | 3.1% | 2.9% | 3.5% | 10 |
| 2010s | 3.1% | 2.8% | 3.5% | 10 |
| 2020s | 3.1% | 3.1% | 3.1% | 1 |
Countries ranked near Germany
More financial sector data for Germany
- Reserve position in the IMF, US dollar, annual growth rate 12.11 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 115.41 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.76 % 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 84.27 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 12.11 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 115.41 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.76 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Germany?
- Life insurance premium volume to gdp in Germany was 3.1% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Germany?
- The highest recorded value was 3.5% in 2010.
- What is the lowest life insurance premium volume to gdp recorded in Germany?
- The lowest recorded value was 2.0% in 1991.
- How does Germany rank for life insurance premium volume to gdp?
- Germany ranks 22nd out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Germany?
- Over the last ten years it is down 12.2%. The long-run trend across the full record is rising.
- Where does this Germany 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.
Download this data
CSV · JSON — 31 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.