Life insurance premium volume to GDP in Japan
Japan: Life insurance premium volume to GDP was 5.4% in 2020. ▲ Rising
Life insurance premium volume to GDP in Japan, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Japan recorded 5.4% for life insurance premium volume to gdp in 2020.
Compared with earlier readings it is down 3.2% on the previous year and down 9.8% over ten years.
Over the whole period, life insurance premium volume to gdp in Japan peaked at 6.8% in 2014 and was at its lowest, 4.8%, in 2002.
Japan ranks 12th of 162 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 28 years of available data.
Life insurance premium volume to GDP in Japan, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 6.1% | — |
| 1994 | 6.0% | -2.9% |
| 1995 | 5.9% | -1.2% |
| 1996 | 5.5% | -7.1% |
| 1997 | 5.6% | +1.7% |
| 1998 | 5.3% | -4.8% |
| 1999 | 5.1% | -3.3% |
| 2000 | 5.0% | -2.0% |
| 2001 | 4.9% | -2.2% |
| 2002 | 4.8% | -1.2% |
| 2003 | 4.9% | +2.0% |
| 2004 | 5.1% | +3.0% |
| 2005 | 5.3% | +4.3% |
| 2006 | 5.2% | -2.5% |
| 2007 | 5.1% | -1.2% |
| 2008 | 5.4% | +4.9% |
| 2009 | 5.9% | +10.3% |
| 2010 | 6.0% | +1.3% |
| 2011 | 6.5% | +7.8% |
| 2012 | 6.7% | +3.2% |
| 2013 | 6.3% | -5.4% |
| 2014 | 6.8% | +7.2% |
| 2015 | 6.7% | -0.8% |
| 2016 | 5.9% | -11.8% |
| 2017 | 5.7% | -3.7% |
| 2018 | 6.1% | +6.9% |
| 2019 | 5.6% | -8.2% |
| 2020 | 5.4% | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.6% | 5.1% | 6.1% | 7 |
| 2000s | 5.2% | 4.8% | 5.9% | 10 |
| 2010s | 6.2% | 5.6% | 6.8% | 10 |
| 2020s | 5.4% | 5.4% | 5.4% | 1 |
Countries ranked near Japan
More financial sector data for Japan
- Net domestic credit (current LCU), per capita 14.80 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 411.71 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate -0.9434 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 951.96 million SDR (2025)
- Gold reserves at market value 86.75 billion SDR (2025)
- Reserves excluding gold, foreign exchange 861.99 billion SDR (2025)
- Reserves excluding gold 914.64 billion SDR (2025)
- Total reserves (gold at market value) 1.00 trillion SDR (2025)
- Total reserves (gold at national valuation) 1.00 trillion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 8,108 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Japan?
- Life insurance premium volume to gdp in Japan was 5.4% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Japan?
- The highest recorded value was 6.8% in 2014.
- What is the lowest life insurance premium volume to gdp recorded in Japan?
- The lowest recorded value was 4.8% in 2002.
- How does Japan rank for life insurance premium volume to gdp?
- Japan ranks 12th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Japan?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is rising.
- Where does this Japan 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.