Life insurance premium volume to GDP in Iceland
Iceland: Life insurance premium volume to GDP was 0.2% in 2020. ▲ Rising
Life insurance premium volume to GDP in Iceland, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Iceland is 0.2%, measured in 2020.
The figure is up 10.0% on the previous year and up 11.5% over ten years.
Over the whole period, life insurance premium volume to gdp in Iceland peaked at 0.3% in 2003 and was at its lowest, 0.0%, in 1990.
That places Iceland 117th 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 31 years of available data.
Life insurance premium volume to GDP in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.0% | — |
| 1991 | 0.1% | +245.0% |
| 1992 | 0.1% | +24.1% |
| 1993 | 0.1% | +2.5% |
| 1994 | 0.1% | +0.6% |
| 1995 | 0.1% | +1.4% |
| 1996 | 0.2% | +87.7% |
| 1997 | 0.1% | -44.9% |
| 1998 | 0.1% | +15.4% |
| 1999 | 0.1% | +23.9% |
| 2000 | 0.2% | +25.9% |
| 2001 | 0.2% | +24.2% |
| 2002 | 0.3% | +14.8% |
| 2003 | 0.3% | +4.0% |
| 2004 | 0.3% | -4.6% |
| 2005 | 0.3% | -1.2% |
| 2006 | 0.2% | -11.1% |
| 2007 | 0.2% | -7.1% |
| 2008 | 0.2% | -11.1% |
| 2009 | 0.2% | +4.8% |
| 2010 | 0.2% | +0.1% |
| 2011 | 0.2% | -4.5% |
| 2012 | 0.2% | -2.7% |
| 2013 | 0.2% | -1.2% |
| 2014 | 0.2% | +0.8% |
| 2015 | 0.2% | +5.8% |
| 2016 | 0.2% | +4.3% |
| 2017 | 0.2% | +7.2% |
| 2018 | 0.2% | -6.7% |
| 2019 | 0.2% | -0.7% |
| 2020 | 0.2% | +10.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.0% | 0.2% | 10 |
| 2000s | 0.2% | 0.2% | 0.3% | 10 |
| 2010s | 0.2% | 0.2% | 0.2% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near Iceland
- 114 Mozambique 0.2% compare
- 115 Uganda 0.2% compare
- 116 Gabon 0.2% compare
- 118 Dominican Republic 0.2% compare
- 119 Romania 0.2% compare
- 120 Costa Rica 0.2% compare
More financial sector data for Iceland
- Net domestic credit (current LCU), per capita 11.64 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 118.35 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.25 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 2.23 million SDR (2025)
- Gold reserves at market value 203.48 million SDR (2025)
- Reserves excluding gold, foreign exchange 4.94 billion SDR (2025)
- Reserves excluding gold 5.44 billion SDR (2025)
- Total reserves (gold at market value) 5.65 billion SDR (2025)
- Total reserves (gold at national valuation) 5.64 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 14,384 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Iceland?
- Life insurance premium volume to gdp in Iceland was 0.2% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Iceland?
- The highest recorded value was 0.3% in 2003.
- What is the lowest life insurance premium volume to gdp recorded in Iceland?
- The lowest recorded value was 0.0% in 1990.
- How does Iceland rank for life insurance premium volume to gdp?
- Iceland ranks 117th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Iceland?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is rising.
- Where does this Iceland 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.