Life insurance premium volume to GDP (%) in Romania
Romania: Life insurance premium volume to GDP (%) was 0.2% in 2020. ▲ Rising
Life insurance premium volume to GDP in Romania, 1995–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Romania is 0.2%, measured in 2020.
Compared with earlier readings it is down 2.4% on the previous year and down 37.3% over ten years.
Over the whole period, life insurance premium volume to gdp in Romania peaked at 0.4% in 2005 and was at its lowest, 0.0%, in 1997.
That places Romania 119th out of 162 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Life insurance premium volume to GDP (%) in Romania, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 0.0% | — |
| 1996 | 0.0% | +13.8% |
| 1997 | 0.0% | -32.7% |
| 1998 | 0.0% | +23.2% |
| 1999 | 0.1% | +125.5% |
| 2000 | 0.1% | +49.8% |
| 2001 | 0.2% | +36.6% |
| 2002 | 0.3% | +51.1% |
| 2003 | 0.3% | +10.8% |
| 2004 | 0.3% | -6.1% |
| 2005 | 0.4% | +26.4% |
| 2006 | 0.3% | -8.1% |
| 2007 | 0.3% | +2.2% |
| 2008 | 0.3% | +1.3% |
| 2009 | 0.3% | -11.6% |
| 2010 | 0.3% | +2.3% |
| 2011 | 0.3% | -2.1% |
| 2012 | 0.3% | -6.4% |
| 2013 | 0.2% | -19.1% |
| 2014 | 0.2% | -12.6% |
| 2015 | 0.2% | +8.0% |
| 2016 | 0.2% | -3.2% |
| 2017 | 0.2% | +8.3% |
| 2018 | 0.2% | -7.4% |
| 2019 | 0.2% | -5.4% |
| 2020 | 0.2% | -2.4% |
Romania compared with similar countries
- Romania's 0.2% is below the median for high income countries, which is 1.6%, 12% of the median. (59 countries reporting)
- Romania's 0.2% is below the median for Europe & Central Asia, which is 0.8%, 24% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Romania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +125.5% | 0.0% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.1% | 5 |
| 2000s | 0.3% | 0.1% | 0.4% | 10 |
| 2010s | 0.2% | 0.2% | 0.3% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near Romania
More financial sector data for Romania
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, SDR, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 12.7 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1232 SDR per US$ of GDP (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Romania?
- Life insurance premium volume to gdp in Romania was 0.2% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Romania?
- The highest recorded value was 0.4% in 2005.
- What is the lowest life insurance premium volume to gdp recorded in Romania?
- The lowest recorded value was 0.0% in 1997.
- How does Romania rank for life insurance premium volume to gdp?
- Romania ranks 119th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Romania?
- Over the last ten years it is down 37.3%. The long-run trend across the full record is rising.
- Where does this Romania 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.