Life insurance premium volume to GDP in Philippines
Philippines: Life insurance premium volume to GDP was 1.4% in 2020. ▲ Rising
Life insurance premium volume to GDP in Philippines, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Philippines is 1.4%, measured in 2020.
The figure is up 15.3% on the previous year and up 83.6% over ten years.
Over the whole period, life insurance premium volume to gdp in Philippines peaked at 1.4% in 2013 and was at its lowest, 0.4%, in 1990.
Philippines ranks 54th of 162 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Life insurance premium volume to GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.4% | — |
| 1991 | 0.4% | +2.3% |
| 1992 | 0.5% | +10.8% |
| 1993 | 0.5% | +10.2% |
| 1994 | 0.5% | +3.6% |
| 1995 | 0.6% | +6.3% |
| 1996 | 0.6% | +2.4% |
| 1997 | 0.6% | +5.3% |
| 1998 | 0.6% | +1.0% |
| 1999 | 0.6% | +5.1% |
| 2000 | 0.7% | +9.0% |
| 2001 | 0.7% | +2.6% |
| 2002 | 0.8% | +11.4% |
| 2003 | 0.8% | +2.2% |
| 2004 | 0.8% | -3.1% |
| 2005 | 0.8% | -4.6% |
| 2006 | 0.8% | +10.8% |
| 2007 | 1.0% | +21.8% |
| 2008 | 0.7% | -31.4% |
| 2009 | 0.7% | -3.5% |
| 2010 | 0.8% | +10.3% |
| 2011 | 0.8% | +8.3% |
| 2012 | 1.1% | +29.1% |
| 2013 | 1.4% | +31.4% |
| 2014 | 1.2% | -15.8% |
| 2015 | 1.3% | +13.2% |
| 2016 | 1.2% | -11.3% |
| 2017 | 1.2% | +1.0% |
| 2018 | 1.3% | +6.1% |
| 2019 | 1.2% | -4.2% |
| 2020 | 1.4% | +15.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5% | 0.4% | 0.6% | 10 |
| 2000s | 0.8% | 0.7% | 1.0% | 10 |
| 2010s | 1.1% | 0.8% | 1.4% | 10 |
| 2020s | 1.4% | 1.4% | 1.4% | 1 |
Countries ranked near Philippines
More financial sector data for Philippines
- Total reserves in months of imports, annual growth rate -0.1559 % 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 -8.19 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1313 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 547.61 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -7.77 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 576.82 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -0.5283 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 693.56 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Philippines?
- Life insurance premium volume to gdp in Philippines was 1.4% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Philippines?
- The highest recorded value was 1.4% in 2013.
- What is the lowest life insurance premium volume to gdp recorded in Philippines?
- The lowest recorded value was 0.4% in 1990.
- How does Philippines rank for life insurance premium volume to gdp?
- Philippines ranks 54th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Philippines?
- Over the last ten years it is up 83.6%. The long-run trend across the full record is rising.
- Where does this Philippines 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.