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% |
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
- Net domestic credit (current LCU), per capita 4.99 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 214.29 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 9.38 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 123.80 million SDR (2025)
- Gold reserves at market value 11.28 billion SDR (2025)
- Reserves excluding gold, foreign exchange 29.95 billion SDR (2025)
- Reserves excluding gold 31.87 billion SDR (2025)
- Total reserves (gold at market value) 43.15 billion SDR (2025)
- Total reserves (gold at national valuation) 43.04 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,524 SDR per person (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.
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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.