Life insurance premium volume to GDP (%) in Namibia
Namibia: Life insurance premium volume to GDP (%) was 5.5% in 2020. ▲ Rising
Life insurance premium volume to GDP in Namibia, 1997–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Namibia is 5.5%, measured in 2020.
The figure is down 14.5% on the previous year and up 1.7% over ten years.
Over the whole period, life insurance premium volume to gdp in Namibia peaked at 6.4% in 2019 and was at its lowest, 1.0%, in 1997.
That places Namibia 11th out of 162 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 24 years of available data.
Life insurance premium volume to GDP (%) in Namibia, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 1.0% | — |
| 1998 | 1.3% | +22.9% |
| 1999 | 5.3% | +323.6% |
| 2000 | 5.8% | +8.8% |
| 2001 | 5.5% | -4.2% |
| 2002 | 5.5% | -0.1% |
| 2003 | 4.9% | -11.6% |
| 2004 | 4.8% | -1.2% |
| 2005 | 5.5% | +13.8% |
| 2006 | 4.4% | -20.2% |
| 2007 | 5.2% | +19.4% |
| 2008 | 5.7% | +9.5% |
| 2009 | 5.9% | +2.6% |
| 2010 | 5.4% | -8.3% |
| 2011 | 5.5% | +1.8% |
| 2012 | 5.4% | -1.1% |
| 2013 | 5.4% | +0.1% |
| 2014 | 5.5% | +1.3% |
| 2015 | 5.0% | -8.7% |
| 2016 | 4.9% | -3.0% |
| 2017 | 5.3% | +8.3% |
| 2018 | 5.4% | +2.2% |
| 2019 | 6.4% | +18.8% |
| 2020 | 5.5% | -14.5% |
Namibia compared with similar countries
- Namibia's 5.5% is above the median for lower middle income countries, which is 0.4%, 14.5× the median. (37 countries reporting)
- Namibia's 5.5% is above the median for Sub-Saharan Africa, which is 0.2%, 23.8× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Namibia 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 |
|---|---|---|---|
| 1999 | +323.6% | 1.3% | 5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.5% | 1.0% | 5.3% | 3 |
| 2000s | 5.3% | 4.4% | 5.9% | 10 |
| 2010s | 5.4% | 4.9% | 6.4% | 10 |
| 2020s | 5.5% | 5.5% | 5.5% | 1 |
Countries ranked near Namibia
More financial sector data for Namibia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0663 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0484 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0663 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 Namibia?
- Life insurance premium volume to gdp in Namibia was 5.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Namibia?
- The highest recorded value was 6.4% in 2019.
- What is the lowest life insurance premium volume to gdp recorded in Namibia?
- The lowest recorded value was 1.0% in 1997.
- How does Namibia rank for life insurance premium volume to gdp?
- Namibia ranks 11th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Namibia?
- Over the last ten years it is up 1.7%. The long-run trend across the full record is rising.
- Where does this Namibia 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.
Download this data
CSV · JSON — 24 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.