Life insurance premium volume to GDP (%) in Saudi Arabia
Saudi Arabia: Life insurance premium volume to GDP (%) was 0.0% in 2020. ▲ Rising
Life insurance premium volume to GDP in Saudi Arabia, 1992–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Saudi Arabia recorded 0.0% for life insurance premium volume to gdp in 2020.
Compared with earlier readings it is up 26.1% on the previous year and down 1.9% over ten years.
Over the whole period, life insurance premium volume to gdp in Saudi Arabia peaked at 0.1% in 2009 and was at its lowest, 0.0%, in 2003.
That places Saudi Arabia 144th out of 162 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Life insurance premium volume to GDP (%) in Saudi Arabia, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 0.0% | — |
| 1993 | 0.0% | +28.9% |
| 1994 | 0.0% | +32.1% |
| 1995 | 0.0% | -0.7% |
| 1996 | 0.0% | +5.0% |
| 1997 | 0.0% | +8.0% |
| 1998 | 0.0% | +27.6% |
| 1999 | 0.0% | -0.2% |
| 2000 | 0.0% | -37.9% |
| 2001 | 0.0% | -1.4% |
| 2002 | 0.0% | +21.9% |
| 2003 | 0.0% | -72.8% |
| 2005 | 0.0% | +190.0% |
| 2006 | 0.0% | -1.6% |
| 2007 | 0.0% | +35.9% |
| 2008 | 0.0% | +45.3% |
| 2009 | 0.1% | +104.5% |
| 2010 | 0.0% | -21.2% |
| 2011 | 0.0% | -26.7% |
| 2012 | 0.0% | -10.5% |
| 2013 | 0.0% | -6.3% |
| 2014 | 0.0% | +5.7% |
| 2015 | 0.0% | +32.4% |
| 2016 | 0.0% | +3.0% |
| 2017 | 0.0% | +1.6% |
| 2018 | 0.0% | -15.3% |
| 2019 | 0.0% | +2.1% |
| 2020 | 0.0% | +26.1% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 0.0% is below the median for high income countries, which is 1.6%, 3% of the median. (59 countries reporting)
- Saudi Arabia's 0.0% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.4%, 13% of the median. (19 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Saudi Arabia 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 |
|---|---|---|---|
| 2005 | +190.0% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.0% | 8 |
| 2000s | 0.0% | 0.0% | 0.1% | 9 |
| 2010s | 0.0% | 0.0% | 0.0% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 1 |
Countries ranked near Saudi Arabia
More financial sector data for Saudi Arabia
- Reserve position in the IMF, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.38 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.19 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.38 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Saudi Arabia?
- Life insurance premium volume to gdp in Saudi Arabia was 0.0% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Saudi Arabia?
- The highest recorded value was 0.1% in 2009.
- What is the lowest life insurance premium volume to gdp recorded in Saudi Arabia?
- The lowest recorded value was 0.0% in 2003.
- How does Saudi Arabia rank for life insurance premium volume to gdp?
- Saudi Arabia ranks 144th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Saudi Arabia?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia 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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CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.