Life insurance premium volume to GDP (%) in Kuwait
Kuwait: Life insurance premium volume to GDP (%) was 0.1% in 2018. ▲ Rising
Life insurance premium volume to GDP in Kuwait, 1992–2018
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2018, life insurance premium volume to gdp in Kuwait stood at 0.1%.
Compared with earlier readings it is down 21.7% on the previous year and up 6.5% over ten years.
Over the whole period, life insurance premium volume to gdp in Kuwait peaked at 0.2% in 2001 and was at its lowest, 0.1%, in 1993.
That places Kuwait 137th out of 162 countries with data for 2018, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Life insurance premium volume to GDP (%) in Kuwait, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 0.1% | — |
| 1993 | 0.1% | -25.3% |
| 1994 | 0.1% | +47.9% |
| 1995 | 0.1% | -14.1% |
| 1996 | 0.1% | -13.6% |
| 1997 | 0.1% | +16.4% |
| 1998 | 0.1% | +33.3% |
| 1999 | 0.1% | -6.1% |
| 2000 | 0.1% | -2.5% |
| 2001 | 0.2% | +51.7% |
| 2002 | 0.1% | -12.6% |
| 2003 | 0.1% | -13.2% |
| 2004 | 0.1% | +12.6% |
| 2005 | 0.1% | -17.3% |
| 2006 | 0.1% | +18.4% |
| 2007 | 0.1% | -33.7% |
| 2008 | 0.1% | -4.4% |
| 2009 | 0.1% | +37.8% |
| 2010 | 0.1% | -13.0% |
| 2011 | 0.1% | -17.5% |
| 2012 | 0.1% | -0.2% |
| 2013 | 0.1% | -1.3% |
| 2014 | 0.1% | +9.2% |
| 2015 | 0.1% | +41.0% |
| 2016 | 0.1% | +10.3% |
| 2017 | 0.1% | -17.8% |
| 2018 | 0.1% | -21.7% |
Kuwait compared with similar countries
- Kuwait's 0.1% is below the median for high income countries, which is 1.6%, 6% of the median. (59 countries reporting)
- Kuwait's 0.1% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.4%, 26% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.1% | 0.1% | 8 |
| 2000s | 0.1% | 0.1% | 0.2% | 10 |
| 2010s | 0.1% | 0.1% | 0.1% | 9 |
Countries ranked near Kuwait
More financial sector data for Kuwait
- Reserve position in the IMF, US dollar, annual growth rate 11.16 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0044 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 142.41 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.86 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 103.99 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.16 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0044 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 142.41 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.86 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Kuwait?
- Life insurance premium volume to gdp in Kuwait was 0.1% in 2018, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Kuwait?
- The highest recorded value was 0.2% in 2001.
- What is the lowest life insurance premium volume to gdp recorded in Kuwait?
- The lowest recorded value was 0.1% in 1993.
- How does Kuwait rank for life insurance premium volume to gdp?
- Kuwait ranks 137th out of 162 countries with data for 2018.
- Is life insurance premium volume to gdp rising or falling in Kuwait?
- Over the last ten years it is up 6.5%. The long-run trend across the full record is rising.
- Where does this Kuwait 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.