Life insurance premium volume to GDP in Malawi
Malawi: Life insurance premium volume to GDP was 0.6% in 2019. ▲ Rising
Life insurance premium volume to GDP in Malawi, 1997–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Malawi is 0.6%, measured in 2019. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 13.2% on the previous year and up 205.5% over ten years.
Over the whole period, life insurance premium volume to gdp in Malawi peaked at 0.6% in 2019 and was at its lowest, 0.2%, in 2005.
Malawi ranks 77th of 162 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Life insurance premium volume to GDP in Malawi, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 0.3% | — |
| 1998 | 0.3% | -0.0% |
| 1999 | 0.3% | -3.5% |
| 2000 | 0.3% | +21.8% |
| 2001 | 0.4% | +36.2% |
| 2002 | 0.4% | -8.3% |
| 2003 | 0.4% | -6.4% |
| 2004 | 0.4% | +10.8% |
| 2005 | 0.2% | -63.2% |
| 2006 | 0.2% | +6.4% |
| 2007 | 0.2% | +24.3% |
| 2008 | 0.3% | +53.2% |
| 2009 | 0.2% | -33.7% |
| 2010 | 0.3% | +19.9% |
| 2011 | 0.2% | -6.5% |
| 2012 | 0.3% | +45.7% |
| 2013 | 0.4% | +6.0% |
| 2014 | 0.4% | +0.9% |
| 2015 | 0.6% | +59.5% |
| 2016 | 0.5% | -15.3% |
| 2017 | 0.5% | +4.4% |
| 2018 | 0.6% | +9.5% |
| 2019 | 0.6% | +13.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3% | 0.3% | 0.3% | 3 |
| 2000s | 0.3% | 0.2% | 0.4% | 10 |
| 2010s | 0.4% | 0.2% | 0.6% | 10 |
Countries ranked near Malawi
- 74 Croatia 0.7% compare
- 75 Sri Lanka 0.7% compare
- 76 Côte d'Ivoire 0.6% compare
- 78 Poland 0.6% compare
- 79 Bolivia, Plurinational State of 0.6% compare
- 80 United Arab Emirates 0.6% compare
More financial sector data for Malawi
- Total reserves in months of imports, annual growth rate -33 % change on previous year (2020)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2020)
- Total reserves in months of imports, per capita 0 units per person (2020)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -33.35 % change on previous year (2020)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0345 SDR per US$ of GDP (2020)
- Reserves excluding gold, foreign exchange (SDR), per capita 20.78 SDR per person (2020)
- Reserves excluding gold (SDR), annual growth rate -32.6 % change on previous year (2020)
- Reserves excluding gold (SDR), per capita 21.13 SDR per person (2020)
- Total reserves (gold at market value) (SDR), annual growth rate -32.6 % change on previous year (2020)
- Total reserves (gold at market value) (SDR), per capita 21.13 SDR per person (2020)
Frequently asked questions
- What is life insurance premium volume to gdp in Malawi?
- Life insurance premium volume to gdp in Malawi was 0.6% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Malawi?
- The highest recorded value was 0.6% in 2019.
- What is the lowest life insurance premium volume to gdp recorded in Malawi?
- The lowest recorded value was 0.2% in 2005.
- How does Malawi rank for life insurance premium volume to gdp?
- Malawi ranks 77th out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Malawi?
- Over the last ten years it is up 205.5%. The long-run trend across the full record is rising.
- Where does this Malawi 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.