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% |
Latvia compared with similar countries
- Latvia's 0.5% is below the median for high income countries, which is 1.6%, 29% of the median. (59 countries reporting)
- Latvia's 0.5% is below the median for Europe & Central Asia, which is 0.8%, 59% of the median. (44 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 68.5 % 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 43.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 60.46 % 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 31.6 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 68.5 % 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 43.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 60.46 % change on previous year (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.
Download this data
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.