Life insurance premium volume to GDP in Panama
Panama: Life insurance premium volume to GDP was 0.8% in 2020. ▼ Falling
Life insurance premium volume to GDP in Panama, 1994–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Panama recorded 0.8% for life insurance premium volume to gdp in 2020.
Compared with earlier readings it is up 23.7% on the previous year and down 4.7% over ten years.
Over the whole period, life insurance premium volume to gdp in Panama peaked at 1.0% in 2004 and was at its lowest, 0.6%, in 2015.
Panama ranks 73rd of 162 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Life insurance premium volume to GDP in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 0.7% | — |
| 1995 | 0.8% | +1.3% |
| 1996 | 0.7% | -8.6% |
| 1997 | 0.7% | +0.7% |
| 1998 | 0.8% | +8.7% |
| 1999 | 0.9% | +12.8% |
| 2000 | 0.9% | +6.9% |
| 2001 | 0.8% | -7.0% |
| 2002 | 0.9% | +8.8% |
| 2003 | 0.9% | -1.1% |
| 2004 | 1.0% | +10.3% |
| 2005 | 0.9% | -8.7% |
| 2006 | 0.9% | -4.0% |
| 2007 | 0.9% | +5.9% |
| 2008 | 0.9% | -5.4% |
| 2009 | 0.9% | -0.1% |
| 2010 | 0.8% | -10.4% |
| 2011 | 0.7% | -14.6% |
| 2012 | 0.6% | -6.5% |
| 2013 | 0.6% | -2.8% |
| 2014 | 0.6% | +1.7% |
| 2015 | 0.6% | -4.3% |
| 2016 | 0.6% | +0.1% |
| 2017 | 0.6% | +1.6% |
| 2018 | 0.6% | -0.5% |
| 2019 | 0.6% | +0.7% |
| 2020 | 0.8% | +23.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7% | 0.7% | 0.9% | 6 |
| 2000s | 0.9% | 0.8% | 1.0% | 10 |
| 2010s | 0.6% | 0.6% | 0.8% | 10 |
| 2020s | 0.8% | 0.8% | 0.8% | 1 |
Countries ranked near Panama
More financial sector data for Panama
- Total reserves (gold at national valuation) (SDR), annual growth rate -13.31 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 996.91 SDR per person (2025)
- Total reserves in months of imports, annual growth rate -13.03 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -14.42 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0456 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 901.56 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -13.31 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 996.88 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Panama?
- Life insurance premium volume to gdp in Panama was 0.8% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Panama?
- The highest recorded value was 1.0% in 2004.
- What is the lowest life insurance premium volume to gdp recorded in Panama?
- The lowest recorded value was 0.6% in 2015.
- How does Panama rank for life insurance premium volume to gdp?
- Panama ranks 73rd out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Panama?
- Over the last ten years it is down 4.7%. The long-run trend across the full record is falling.
- Where does this Panama 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.