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% |
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
- Net domestic credit (current LCU), per capita 208,660 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.57 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate -6.24 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 2.52 million SDR (2025)
- Gold reserves at market value 229.63 million SDR (2025)
- Reserves excluding gold, foreign exchange 33.59 million SDR (2025)
- Reserves excluding gold 2.00 billion SDR (2025)
- Total reserves (gold at market value) 2.23 billion SDR (2025)
- Total reserves (gold at national valuation) 2.23 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 3,243 SDR per person (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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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.