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% |
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
- Net domestic credit (current LCU), per capita 13,150 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.09 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 30.78 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 294.62 million SDR (2025)
- Reserves excluding gold 298.03 million SDR (2025)
- Total reserves (gold at market value) 298.03 million SDR (2025)
- Total reserves (gold at national valuation) 298.03 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,541 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -8.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,541 SDR per person (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.
Download this data
CSV · JSON — 19 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.