Life insurance premium volume to GDP (%) in Macao
Macao: Life insurance premium volume to GDP (%) was 13.5% in 2020. ◆ Volatile
Life insurance premium volume to GDP in Macao, 1996–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Macao stood at 13.5%. That is the highest value across all 25 years on record.
The figure is up 129.6% on the previous year and up 1,019.7% over ten years.
Over the whole period, life insurance premium volume to gdp in Macao peaked at 13.5% in 2020 and was at its lowest, 0.6%, in 1996.
That places Macao 3rd out of 162 countries with data for 2020, putting it 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 Macao, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 0.6% | — |
| 1997 | 0.7% | +22.1% |
| 1998 | 1.0% | +35.5% |
| 1999 | 1.3% | +32.6% |
| 2000 | 1.4% | +8.9% |
| 2001 | 1.7% | +21.2% |
| 2002 | 1.8% | +5.9% |
| 2003 | 1.8% | +0.7% |
| 2004 | 1.7% | -6.5% |
| 2005 | 1.7% | +2.1% |
| 2006 | 1.5% | -14.3% |
| 2007 | 1.5% | +3.3% |
| 2008 | 1.5% | -0.7% |
| 2009 | 1.4% | -10.5% |
| 2010 | 1.2% | -11.3% |
| 2011 | 1.1% | -10.8% |
| 2012 | 1.1% | +1.0% |
| 2013 | 1.2% | +10.9% |
| 2014 | 1.6% | +30.1% |
| 2015 | 3.3% | +111.9% |
| 2016 | 5.1% | +52.3% |
| 2017 | 4.8% | -4.8% |
| 2018 | 4.2% | -12.9% |
| 2019 | 5.9% | +40.2% |
| 2020 | 13.5% | +129.6% |
Macao compared with similar countries
- Macao's 13.5% is above the median for high income countries, which is 1.6%, 8.3× the median. (59 countries reporting)
- Macao's 13.5% is above the median for East Asia & Pacific, which is 1.4%, 9.7× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9% | 0.6% | 1.3% | 4 |
| 2000s | 1.6% | 1.4% | 1.8% | 10 |
| 2010s | 2.9% | 1.1% | 5.9% | 10 |
| 2020s | 13.5% | 13.5% | 13.5% | 1 |
Countries ranked near Macao
- 1 Hong Kong 19.4% compare
- 2 Taiwan 13.6% compare
- 4 South Africa 10.8% compare
- 5 United Kingdom 10.5% compare
- 6 Denmark 8.3% compare
More financial sector data for Macao
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -0.7352 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.4297 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 32,616 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -0.7352 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 32,616 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -0.7352 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 32,616 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -0.7352 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 32,616 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 5.92 % change on previous year (2024)
Frequently asked questions
- What is life insurance premium volume to gdp in Macao?
- Life insurance premium volume to gdp in Macao was 13.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Macao?
- The highest recorded value was 13.5% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Macao?
- The lowest recorded value was 0.6% in 1996.
- How does Macao rank for life insurance premium volume to gdp?
- Macao ranks 3rd out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Macao?
- Over the last ten years it is up 1,019.7%. The long-run trend across the full record is volatile.
- Where does this Macao 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.