Life insurance premium volume to GDP in Latvia
Latvia: Life insurance premium volume to GDP was 0.5% in 2020. ▲ Rising
Life insurance premium volume to GDP in Latvia, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Latvia is 0.5%, measured in 2020. That is the highest value across all 28 years on record.
That represents a change of up 12.2% on the previous year and up 39.8% over ten years.
Over the whole period, life insurance premium volume to gdp in Latvia peaked at 0.5% in 2020 and was at its lowest, 0.1%, in 2001.
That places Latvia 92nd out of 162 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Life insurance premium volume to GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 0.3% | — |
| 1994 | 0.2% | -18.6% |
| 1995 | 0.3% | +34.7% |
| 1996 | 0.2% | -24.2% |
| 1997 | 0.2% | -26.9% |
| 1998 | 0.2% | +5.9% |
| 1999 | 0.2% | -17.2% |
| 2000 | 0.1% | -49.2% |
| 2001 | 0.1% | -13.5% |
| 2002 | 0.1% | +6.4% |
| 2003 | 0.1% | +8.9% |
| 2004 | 0.1% | +4.6% |
| 2005 | 0.1% | +43.3% |
| 2006 | 0.2% | +35.5% |
| 2007 | 0.3% | +91.3% |
| 2008 | 0.2% | -31.2% |
| 2009 | 0.3% | +30.3% |
| 2010 | 0.3% | +23.4% |
| 2011 | 0.3% | -13.7% |
| 2012 | 0.3% | -4.5% |
| 2013 | 0.3% | +5.1% |
| 2014 | 0.3% | +19.0% |
| 2015 | 0.4% | +4.8% |
| 2016 | 0.4% | +4.8% |
| 2017 | 0.4% | +11.3% |
| 2018 | 0.4% | -7.2% |
| 2019 | 0.4% | +6.5% |
| 2020 | 0.5% | +12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2% | 0.2% | 0.3% | 7 |
| 2000s | 0.1% | 0.1% | 0.3% | 10 |
| 2010s | 0.4% | 0.3% | 0.4% | 10 |
| 2020s | 0.5% | 0.5% | 0.5% | 1 |
Countries ranked near Latvia
More financial sector data for Latvia
- Net domestic credit (current LCU), per capita 8,595 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.3645 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -4.89 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 7.49 million SDR (2025)
- Gold reserves at market value 682.52 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.27 billion SDR (2025)
- Reserves excluding gold 3.77 billion SDR (2025)
- Total reserves (gold at market value) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,406 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Latvia?
- Life insurance premium volume to gdp in Latvia was 0.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Latvia?
- The highest recorded value was 0.5% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Latvia?
- The lowest recorded value was 0.1% in 2001.
- How does Latvia rank for life insurance premium volume to gdp?
- Latvia ranks 92nd out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Latvia?
- Over the last ten years it is up 39.8%. The long-run trend across the full record is rising.
- Where does this Latvia 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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CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.