Life insurance premium volume to GDP (%) in Luxembourg
Luxembourg: Life insurance premium volume to GDP (%) was 7.5% in 2020. ◆ Volatile
Life insurance premium volume to GDP in Luxembourg, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Luxembourg recorded 7.5% for life insurance premium volume to gdp in 2020. That is the highest value across all 28 years on record.
The figure is up 142.5% on the previous year and up 121.3% over ten years.
Over the whole period, life insurance premium volume to gdp in Luxembourg peaked at 7.5% in 2020 and was at its lowest, 1.1%, in 1995.
Luxembourg ranks 8th of 162 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Life insurance premium volume to GDP (%) in Luxembourg, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 1.2% | — |
| 1994 | 1.4% | +13.3% |
| 1995 | 1.1% | -23.3% |
| 1996 | 1.2% | +11.7% |
| 1997 | 1.4% | +17.3% |
| 1998 | 1.3% | -6.8% |
| 1999 | 1.4% | +10.5% |
| 2000 | 1.5% | +4.3% |
| 2001 | 1.2% | -21.9% |
| 2002 | 1.6% | +35.8% |
| 2003 | 1.3% | -17.4% |
| 2004 | 1.4% | +6.4% |
| 2005 | 1.6% | +17.2% |
| 2006 | 1.5% | -7.4% |
| 2007 | 1.5% | -2.3% |
| 2008 | 3.1% | +112.1% |
| 2009 | 3.0% | -2.8% |
| 2010 | 3.4% | +11.6% |
| 2011 | 2.1% | -39.4% |
| 2012 | 2.7% | +29.5% |
| 2013 | 2.7% | +2.4% |
| 2014 | 4.0% | +47.1% |
| 2015 | 2.6% | -36.4% |
| 2016 | 3.1% | +22.4% |
| 2017 | 2.8% | -10.6% |
| 2018 | 2.9% | +3.4% |
| 2019 | 3.1% | +7.2% |
| 2020 | 7.5% | +142.5% |
Luxembourg compared with similar countries
- Luxembourg's 7.5% is above the median for high income countries, which is 1.6%, 4.6× the median. (59 countries reporting)
- Luxembourg's 7.5% is above the median for Europe & Central Asia, which is 0.8%, 9.3× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Luxembourg 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 |
|---|---|---|---|
| 2020 | +142.5% | 3.1% | 7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | 1.1% | 1.4% | 7 |
| 2000s | 1.8% | 1.2% | 3.1% | 10 |
| 2010s | 2.9% | 2.1% | 4.0% | 10 |
| 2020s | 7.5% | 7.5% | 7.5% | 1 |
Countries ranked near Luxembourg
More financial sector data for Luxembourg
- Reserve position in the IMF, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 683.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 499.27 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 683.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.09 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Luxembourg?
- Life insurance premium volume to gdp in Luxembourg was 7.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Luxembourg?
- The highest recorded value was 7.5% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Luxembourg?
- The lowest recorded value was 1.1% in 1995.
- How does Luxembourg rank for life insurance premium volume to gdp?
- Luxembourg ranks 8th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Luxembourg?
- Over the last ten years it is up 121.3%. The long-run trend across the full record is volatile.
- Where does this Luxembourg 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.