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% |
Jamaica compared with similar countries
- Jamaica's 2.4% is above the median for upper middle income countries, which is 0.5%, 4.9× the median. (46 countries reporting)
- Jamaica's 2.4% is above the median for Latin America & Caribbean, which is 1.0%, 2.4× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Jamaica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +154.7% | 2.0% | 5.1% |
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.2 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % 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 9.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.2 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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.