Life insurance premium volume to GDP (%) in Grenada
Grenada: Life insurance premium volume to GDP (%) was 1.4% in 2019. ◆ Volatile
Life insurance premium volume to GDP in Grenada, 1999–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Grenada is 1.4%, measured in 2019.
That represents a change of up 7.1% on the previous year and up 27.4% over ten years.
Over the whole period, life insurance premium volume to gdp in Grenada peaked at 8.6% in 2004 and was at its lowest, 1.0%, in 2008.
That places Grenada 50th out of 162 countries with data for 2019, putting it 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 Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1999 | 1.8% | — |
| 2001 | 2.4% | +35.1% |
| 2002 | 4.4% | +79.9% |
| 2003 | 7.6% | +71.7% |
| 2004 | 8.6% | +14.1% |
| 2005 | 5.8% | -33.0% |
| 2006 | 3.8% | -33.9% |
| 2007 | 4.5% | +17.7% |
| 2008 | 1.0% | -77.1% |
| 2009 | 1.1% | +8.9% |
| 2010 | 1.1% | -3.3% |
| 2011 | 1.2% | +9.1% |
| 2012 | 1.2% | +2.6% |
| 2013 | 1.1% | -13.0% |
| 2015 | 1.2% | +13.6% |
| 2016 | 1.3% | +5.2% |
| 2017 | 1.2% | -2.4% |
| 2018 | 1.3% | +8.3% |
| 2019 | 1.4% | +7.1% |
Grenada compared with similar countries
- Grenada's 1.4% is above the median for upper middle income countries, which is 0.5%, 3.0× the median. (46 countries reporting)
- Grenada's 1.4% is above the median for Latin America & Caribbean, which is 1.0%, 1.4× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.8% | 1.8% | 1.8% | 1 |
| 2000s | 4.4% | 1.0% | 8.6% | 9 |
| 2010s | 1.2% | 1.1% | 1.4% | 9 |
Countries ranked near Grenada
More financial sector data for Grenada
- 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 13.72 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 10.02 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 13.72 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 Grenada?
- Life insurance premium volume to gdp in Grenada was 1.4% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Grenada?
- The highest recorded value was 8.6% in 2004.
- What is the lowest life insurance premium volume to gdp recorded in Grenada?
- The lowest recorded value was 1.0% in 2008.
- How does Grenada rank for life insurance premium volume to gdp?
- Grenada ranks 50th out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Grenada?
- Over the last ten years it is up 27.4%. The long-run trend across the full record is volatile.
- Where does this Grenada 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.