Life insurance premium volume to GDP (%) in Ghana
Ghana: Life insurance premium volume to GDP (%) was 0.5% in 2020. ◆ Volatile
Life insurance premium volume to GDP in Ghana, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Ghana recorded 0.5% for life insurance premium volume to gdp in 2020. That is the highest value across all 31 years on record.
That represents a change of up 9.8% on the previous year and up 70.9% over ten years.
Over the whole period, life insurance premium volume to gdp in Ghana peaked at 0.5% in 2020 and was at its lowest, 0.0%, in 1991.
Ghana ranks 84th 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 Ghana, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.0% | — |
| 1991 | 0.0% | -11.2% |
| 1992 | 0.0% | +6.3% |
| 1993 | 0.0% | +6.5% |
| 1994 | 0.0% | +8.4% |
| 1995 | 0.0% | -7.4% |
| 1996 | 0.0% | +18.2% |
| 1997 | 0.0% | +6.0% |
| 1998 | 0.0% | +20.2% |
| 1999 | 0.0% | +21.5% |
| 2000 | 0.1% | +14.8% |
| 2001 | 0.1% | +18.4% |
| 2002 | 0.1% | +33.8% |
| 2003 | 0.1% | +17.4% |
| 2004 | 0.1% | +30.2% |
| 2005 | 0.1% | +15.6% |
| 2006 | 0.2% | +33.7% |
| 2007 | 0.2% | +13.1% |
| 2008 | 0.2% | +5.5% |
| 2009 | 0.2% | +11.2% |
| 2010 | 0.3% | +21.7% |
| 2011 | 0.3% | +9.7% |
| 2012 | 0.4% | +5.3% |
| 2013 | 0.4% | +8.3% |
| 2014 | 0.4% | -1.7% |
| 2015 | 0.4% | +4.8% |
| 2016 | 0.4% | +2.1% |
| 2017 | 0.4% | +5.6% |
| 2018 | 0.4% | +3.3% |
| 2019 | 0.5% | +8.5% |
| 2020 | 0.5% | +9.8% |
Ghana compared with similar countries
- Ghana's 0.5% is above the median for lower middle income countries, which is 0.4%, 1.4× the median. (37 countries reporting)
- Ghana's 0.5% is above the median for Sub-Saharan Africa, which is 0.2%, 2.2× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 10 |
| 2000s | 0.1% | 0.1% | 0.2% | 10 |
| 2010s | 0.4% | 0.3% | 0.5% | 10 |
| 2020s | 0.5% | 0.5% | 0.5% | 1 |
Countries ranked near Ghana
More financial sector data for Ghana
- 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 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.61 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 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.64 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 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.61 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 Ghana?
- Life insurance premium volume to gdp in Ghana was 0.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Ghana?
- The highest recorded value was 0.5% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Ghana?
- The lowest recorded value was 0.0% in 1991.
- How does Ghana rank for life insurance premium volume to gdp?
- Ghana ranks 84th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Ghana?
- Over the last ten years it is up 70.9%. The long-run trend across the full record is volatile.
- Where does this Ghana 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 — 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.