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% |
Malawi compared with similar countries
- Malawi's 0.6% is above the median for low income countries, which is 0.1%, 5.9× the median. (19 countries reporting)
- Malawi's 0.6% is above the median for Sub-Saharan Africa, which is 0.2%, 2.8× the median. (40 countries reporting)
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
More financial sector data for Malawi
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.1505 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.1099 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.1505 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
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.