Life insurance premium volume to GDP (%) in Italy
Italy: Life insurance premium volume to GDP (%) was 4.9% in 2020. ▲ Rising
Life insurance premium volume to GDP in Italy, 1991–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Italy stood at 4.9%.
Compared with earlier readings it is down 16.9% on the previous year and down 12.0% over ten years.
Over the whole period, life insurance premium volume to gdp in Italy peaked at 6.9% in 2015 and was at its lowest, 0.7%, in 1991.
That places Italy 14th out of 162 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Life insurance premium volume to GDP (%) in Italy, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 0.7% | — |
| 1992 | 0.8% | +9.0% |
| 1993 | 0.9% | +17.6% |
| 1994 | 1.1% | +16.3% |
| 1995 | 1.3% | +15.5% |
| 1996 | 1.3% | +5.9% |
| 1997 | 1.8% | +35.4% |
| 1998 | 2.4% | +33.7% |
| 1999 | 3.0% | +24.7% |
| 2000 | 3.2% | +5.8% |
| 2001 | 3.6% | +10.9% |
| 2002 | 4.1% | +15.3% |
| 2003 | 4.5% | +9.9% |
| 2004 | 4.5% | +0.4% |
| 2005 | 4.9% | +8.9% |
| 2006 | 4.5% | -9.2% |
| 2007 | 3.8% | -14.9% |
| 2008 | 3.3% | -12.4% |
| 2009 | 5.1% | +54.4% |
| 2010 | 5.6% | +8.7% |
| 2011 | 4.5% | -19.9% |
| 2012 | 4.3% | -4.2% |
| 2013 | 5.3% | +22.9% |
| 2014 | 6.8% | +28.7% |
| 2015 | 6.9% | +2.3% |
| 2016 | 6.0% | -13.2% |
| 2017 | 5.7% | -5.8% |
| 2018 | 5.8% | +1.5% |
| 2019 | 5.9% | +2.8% |
| 2020 | 4.9% | -16.9% |
Italy compared with similar countries
- Italy's 4.9% is above the median for high income countries, which is 1.6%, 3.0× the median. (59 countries reporting)
- Italy's 4.9% is above the median for Europe & Central Asia, which is 0.8%, 6.1× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.5% | 0.7% | 3.0% | 9 |
| 2000s | 4.2% | 3.2% | 5.1% | 10 |
| 2010s | 5.7% | 4.3% | 6.9% | 10 |
| 2020s | 4.9% | 4.9% | 4.9% | 1 |
Countries ranked near Italy
More financial sector data for Italy
- Reserve position in the IMF, US dollar, annual growth rate 13.19 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.77 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.79 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 67.01 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.19 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.77 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.79 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Italy?
- Life insurance premium volume to gdp in Italy was 4.9% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Italy?
- The highest recorded value was 6.9% in 2015.
- What is the lowest life insurance premium volume to gdp recorded in Italy?
- The lowest recorded value was 0.7% in 1991.
- How does Italy rank for life insurance premium volume to gdp?
- Italy ranks 14th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Italy?
- Over the last ten years it is down 12.0%. The long-run trend across the full record is rising.
- Where does this Italy 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.