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% |
Norway compared with similar countries
- Norway's 3.0% is above the median for high income countries, which is 1.6%, 1.9× the median. (59 countries reporting)
- Norway's 3.0% is above the median for Europe & Central Asia, which is 0.8%, 3.8× the median. (44 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 242.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.82 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 176.9 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 242.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.82 % 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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CSV · JSON — 28 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.