Life insurance premium volume to GDP (%) in Hungary
Hungary: Life insurance premium volume to GDP (%) was 1.1% in 2020. ▲ Rising
Life insurance premium volume to GDP in Hungary, 1995–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Hungary stood at 1.1%.
Compared with earlier readings it is up 3.8% on the previous year and down 31.8% over ten years.
Over the whole period, life insurance premium volume to gdp in Hungary peaked at 2.0% in 2007 and was at its lowest, 0.6%, in 1995.
That places Hungary 58th out of 162 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Life insurance premium volume to GDP (%) in Hungary, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 0.6% | — |
| 1996 | 0.7% | +11.3% |
| 1997 | 0.7% | +7.0% |
| 1998 | 0.9% | +18.7% |
| 1999 | 1.0% | +20.1% |
| 2000 | 1.3% | +29.6% |
| 2001 | 1.1% | -16.2% |
| 2002 | 1.6% | +43.5% |
| 2003 | 1.2% | -28.5% |
| 2004 | 1.1% | -1.4% |
| 2005 | 1.3% | +18.1% |
| 2006 | 1.7% | +26.7% |
| 2007 | 2.0% | +17.1% |
| 2008 | 1.7% | -14.1% |
| 2009 | 1.6% | -8.0% |
| 2010 | 1.6% | +4.0% |
| 2011 | 1.6% | -4.5% |
| 2012 | 1.4% | -10.7% |
| 2013 | 1.4% | +3.4% |
| 2014 | 1.4% | -3.1% |
| 2015 | 1.3% | -9.3% |
| 2016 | 1.2% | -4.2% |
| 2017 | 1.2% | -3.2% |
| 2018 | 1.1% | -6.4% |
| 2019 | 1.1% | -2.4% |
| 2020 | 1.1% | +3.8% |
Hungary compared with similar countries
- Hungary's 1.1% is below the median for high income countries, which is 1.6%, 69% of the median. (59 countries reporting)
- Hungary's 1.1% is above the median for Europe & Central Asia, which is 0.8%, 1.4× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8% | 0.6% | 1.0% | 5 |
| 2000s | 1.5% | 1.1% | 2.0% | 10 |
| 2010s | 1.3% | 1.1% | 1.6% | 10 |
| 2020s | 1.1% | 1.1% | 1.1% | 1 |
Countries ranked near Hungary
More financial sector data for Hungary
- 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 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.35 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 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.66 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 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.35 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 Hungary?
- Life insurance premium volume to gdp in Hungary was 1.1% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Hungary?
- The highest recorded value was 2.0% in 2007.
- What is the lowest life insurance premium volume to gdp recorded in Hungary?
- The lowest recorded value was 0.6% in 1995.
- How does Hungary rank for life insurance premium volume to gdp?
- Hungary ranks 58th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Hungary?
- Over the last ten years it is down 31.8%. The long-run trend across the full record is rising.
- Where does this Hungary 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 — 26 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.