Life insurance premium volume to GDP (%) in Ireland
Ireland: Life insurance premium volume to GDP (%) was 3.7% in 2020. ▼ Falling
Life insurance premium volume to GDP in Ireland, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Ireland recorded 3.7% for life insurance premium volume to gdp in 2020.
The figure is down 5.8% on the previous year and down 35.7% over ten years.
Over the whole period, life insurance premium volume to gdp in Ireland peaked at 8.4% in 2007 and was at its lowest, 3.6%, in 2016.
That places Ireland 16th out of 162 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently falling across the 31 years of available data.
Life insurance premium volume to GDP (%) in Ireland, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 4.8% | — |
| 1991 | 4.8% | -1.5% |
| 1992 | 4.0% | -16.3% |
| 1993 | 4.7% | +17.5% |
| 1994 | 4.6% | -1.5% |
| 1995 | 3.9% | -16.0% |
| 1996 | 4.3% | +11.4% |
| 1997 | 4.7% | +9.0% |
| 1998 | 5.6% | +19.0% |
| 1999 | 6.2% | +10.5% |
| 2000 | 7.0% | +13.0% |
| 2001 | 5.8% | -17.0% |
| 2002 | 5.8% | -1.0% |
| 2003 | 5.2% | -10.3% |
| 2004 | 5.9% | +13.5% |
| 2005 | 5.9% | +1.0% |
| 2006 | 7.2% | +22.4% |
| 2007 | 8.4% | +15.5% |
| 2008 | 6.0% | -28.0% |
| 2009 | 5.7% | -4.8% |
| 2010 | 5.7% | +0.1% |
| 2011 | 4.9% | -14.8% |
| 2012 | 5.3% | +7.9% |
| 2013 | 5.9% | +10.7% |
| 2014 | 5.3% | -9.8% |
| 2015 | 4.4% | -17.0% |
| 2016 | 3.6% | -18.4% |
| 2017 | 4.8% | +33.5% |
| 2018 | 4.1% | -14.4% |
| 2019 | 3.9% | -4.0% |
| 2020 | 3.7% | -5.8% |
Ireland compared with similar countries
- Ireland's 3.7% is above the median for high income countries, which is 1.6%, 2.3× the median. (59 countries reporting)
- Ireland's 3.7% is above the median for Europe & Central Asia, which is 0.8%, 4.6× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.8% | 3.9% | 6.2% | 10 |
| 2000s | 6.3% | 5.2% | 8.4% | 10 |
| 2010s | 4.8% | 3.6% | 5.9% | 10 |
| 2020s | 3.7% | 3.7% | 3.7% | 1 |
Countries ranked near Ireland
More financial sector data for Ireland
- Reserve position in the IMF, US dollar, annual growth rate 13.07 % 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 223.7 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.68 % 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 163.34 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.07 % 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 223.7 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.68 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Ireland?
- Life insurance premium volume to gdp in Ireland was 3.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Ireland?
- The highest recorded value was 8.4% in 2007.
- What is the lowest life insurance premium volume to gdp recorded in Ireland?
- The lowest recorded value was 3.6% in 2016.
- How does Ireland rank for life insurance premium volume to gdp?
- Ireland ranks 16th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Ireland?
- Over the last ten years it is down 35.7%. The long-run trend across the full record is falling.
- Where does this Ireland 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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CSV · JSON — 31 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.