Life insurance premium volume to GDP in Norway
Norway: Life insurance premium volume to GDP was 3.0% in 2020. ▲ Rising
Life insurance premium volume to GDP in Norway, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Norway recorded 3.0% for life insurance premium volume to gdp in 2020.
Compared with earlier readings it is down 0.5% on the previous year and up 17.3% over ten years.
Over the whole period, life insurance premium volume to gdp in Norway peaked at 3.1% in 2019 and was at its lowest, 1.8%, in 1993.
That places Norway 23rd out of 162 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Life insurance premium volume to GDP in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 1.8% | — |
| 1994 | 2.1% | +16.4% |
| 1995 | 2.0% | -8.2% |
| 1996 | 1.9% | -3.7% |
| 1997 | 2.2% | +17.8% |
| 1998 | 2.3% | +4.3% |
| 1999 | 2.1% | -10.5% |
| 2000 | 1.9% | -7.9% |
| 2001 | 2.3% | +17.8% |
| 2002 | 2.5% | +11.1% |
| 2003 | 2.6% | +5.1% |
| 2004 | 3.0% | +13.3% |
| 2005 | 3.0% | +2.0% |
| 2006 | 2.7% | -10.9% |
| 2007 | 2.9% | +6.7% |
| 2008 | 2.5% | -12.5% |
| 2009 | 2.6% | +2.2% |
| 2010 | 2.6% | +0.5% |
| 2011 | 2.6% | -0.6% |
| 2012 | 2.8% | +7.8% |
| 2013 | 2.7% | -3.7% |
| 2014 | 2.9% | +9.4% |
| 2015 | 2.9% | -0.5% |
| 2016 | 3.0% | +2.1% |
| 2017 | 2.8% | -5.2% |
| 2018 | 2.8% | -0.0% |
| 2019 | 3.1% | +8.5% |
| 2020 | 3.0% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.1% | 1.8% | 2.3% | 7 |
| 2000s | 2.6% | 1.9% | 3.0% | 10 |
| 2010s | 2.8% | 2.6% | 3.1% | 10 |
| 2020s | 3.0% | 3.0% | 3.0% | 1 |
Countries ranked near Norway
More financial sector data for Norway
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 0.1443 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1054 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 9,970 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 11,126 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 11,126 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 11,126 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 0.629 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Norway?
- Life insurance premium volume to gdp in Norway was 3.0% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Norway?
- The highest recorded value was 3.1% in 2019.
- What is the lowest life insurance premium volume to gdp recorded in Norway?
- The lowest recorded value was 1.8% in 1993.
- How does Norway rank for life insurance premium volume to gdp?
- Norway ranks 23rd out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Norway?
- Over the last ten years it is up 17.3%. The long-run trend across the full record is rising.
- Where does this Norway 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.