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% |
Panama compared with similar countries
- Panama's 0.8% is below the median for high income countries, which is 1.6%, 47% of the median. (59 countries reporting)
- Panama's 0.8% is below the median for Latin America & Caribbean, which is 1.0%, 76% of the median. (32 countries reporting)
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
- 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 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 16.3 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 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.9 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 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 16.3 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 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.