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% |
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
- Net domestic credit (current LCU), per capita 58,055 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 11.91 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 16.99 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2018)
- Gold reserves at market value 0 SDR (2018)
- Reserves excluding gold, foreign exchange 2.10 billion SDR (2025)
- Reserves excluding gold 2.27 billion SDR (2025)
- Total reserves (gold at market value) 2.27 billion SDR (2025)
- Total reserves (gold at national valuation) 2.27 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 732.96 SDR per person (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.
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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.