Life insurance premium volume to GDP (%) in Russia
Russia: Life insurance premium volume to GDP (%) was 0.4% in 2020. ◆ Volatile
Life insurance premium volume to GDP in Russia, 1996–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Russia is 0.4%, measured in 2020.
That represents a change of up 8.9% on the previous year and up 659.5% over ten years.
Over the whole period, life insurance premium volume to gdp in Russia peaked at 1.6% in 2001 and was at its lowest, 0.0%, in 2008.
Russia ranks 96th of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Life insurance premium volume to GDP (%) in Russia, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 0.4% | — |
| 1997 | 0.3% | -10.8% |
| 1998 | 0.4% | +37.4% |
| 1999 | 0.7% | +55.5% |
| 2000 | 1.0% | +48.3% |
| 2001 | 1.6% | +61.1% |
| 2002 | 1.1% | -34.5% |
| 2003 | 1.1% | +3.8% |
| 2004 | 0.5% | -52.1% |
| 2005 | 0.1% | -80.5% |
| 2006 | 0.1% | -46.8% |
| 2007 | 0.1% | +14.8% |
| 2008 | 0.0% | -39.4% |
| 2009 | 0.0% | +27.5% |
| 2010 | 0.1% | +9.1% |
| 2011 | 0.1% | +19.4% |
| 2012 | 0.1% | +24.1% |
| 2013 | 0.1% | +47.2% |
| 2014 | 0.1% | +18.1% |
| 2015 | 0.2% | +13.7% |
| 2016 | 0.3% | +61.4% |
| 2017 | 0.4% | +43.3% |
| 2018 | 0.4% | +19.8% |
| 2019 | 0.4% | -14.0% |
| 2020 | 0.4% | +8.9% |
Russia compared with similar countries
- Russia's 0.4% is below the median for high income countries, which is 1.6%, 25% of the median. (59 countries reporting)
- Russia's 0.4% is below the median for Europe & Central Asia, which is 0.8%, 50% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5% | 0.3% | 0.7% | 4 |
| 2000s | 0.6% | 0.0% | 1.6% | 10 |
| 2010s | 0.2% | 0.1% | 0.4% | 10 |
| 2020s | 0.4% | 0.4% | 0.4% | 1 |
Countries ranked near Russia
More financial sector data for Russia
- 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 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.9 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 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.48 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 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.9 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 Russia?
- Life insurance premium volume to gdp in Russia was 0.4% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Russia?
- The highest recorded value was 1.6% in 2001.
- What is the lowest life insurance premium volume to gdp recorded in Russia?
- The lowest recorded value was 0.0% in 2008.
- How does Russia rank for life insurance premium volume to gdp?
- Russia ranks 96th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Russia?
- Over the last ten years it is up 659.5%. The long-run trend across the full record is volatile.
- Where does this Russia 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.