Life insurance premium volume to GDP in Jamaica
Jamaica: Life insurance premium volume to GDP was 2.4% in 2019. ▼ Falling
Life insurance premium volume to GDP in Jamaica, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Jamaica is 2.4%, measured in 2019.
That represents a change of up 10.9% on the previous year and up 52.1% over ten years.
Over the whole period, life insurance premium volume to gdp in Jamaica peaked at 5.1% in 1992 and was at its lowest, 0.8%, in 2003.
Jamaica ranks 30th of 162 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Life insurance premium volume to GDP in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.8% | — |
| 1991 | 2.0% | +10.8% |
| 1992 | 5.1% | +154.7% |
| 1993 | 4.7% | -7.0% |
| 1994 | 3.0% | -37.0% |
| 1995 | 2.5% | -17.1% |
| 1996 | 1.8% | -27.8% |
| 1997 | 1.6% | -12.9% |
| 1998 | 1.4% | -12.3% |
| 1999 | 1.6% | +15.4% |
| 2000 | 1.9% | +18.3% |
| 2001 | 2.1% | +11.1% |
| 2002 | 2.0% | -3.6% |
| 2003 | 0.8% | -59.1% |
| 2004 | 1.0% | +22.9% |
| 2005 | 1.0% | +3.5% |
| 2006 | 1.5% | +48.7% |
| 2007 | 1.3% | -15.8% |
| 2008 | 1.9% | +44.5% |
| 2009 | 1.6% | -17.4% |
| 2010 | 1.5% | -1.9% |
| 2011 | 1.7% | +13.8% |
| 2012 | 1.9% | +12.4% |
| 2013 | 2.2% | +11.8% |
| 2014 | 2.0% | -10.3% |
| 2015 | 2.0% | +2.8% |
| 2016 | 2.0% | -1.8% |
| 2017 | 2.3% | +17.5% |
| 2018 | 2.1% | -8.1% |
| 2019 | 2.4% | +10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.5% | 1.4% | 5.1% | 10 |
| 2000s | 1.5% | 0.8% | 2.1% | 10 |
| 2010s | 2.0% | 1.5% | 2.4% | 10 |
Countries ranked near Jamaica
More financial sector data for Jamaica
- Net domestic credit (current LCU), per capita 711,957 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 88.96 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.29 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 4.42 billion SDR (2025)
- Reserves excluding gold 4.60 billion SDR (2025)
- Total reserves (gold at market value) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) 4.60 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,622 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Jamaica?
- Life insurance premium volume to gdp in Jamaica was 2.4% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Jamaica?
- The highest recorded value was 5.1% in 1992.
- What is the lowest life insurance premium volume to gdp recorded in Jamaica?
- The lowest recorded value was 0.8% in 2003.
- How does Jamaica rank for life insurance premium volume to gdp?
- Jamaica ranks 30th out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Jamaica?
- Over the last ten years it is up 52.1%. The long-run trend across the full record is falling.
- Where does this Jamaica 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.