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% |
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
- Net domestic credit (current LCU), per capita 32,328 current LCU per person (2017)
- Net domestic credit (current LCU), per unit of GDP 1.35 current LCU per US$ of GDP (2017)
- Net domestic credit (current LCU), annual growth rate 21.57 % change on previous year (2017)
- Gold reserves at 35 SDRs per ounce 363.54 million SDR (2025)
- Gold reserves at market value 33.13 billion SDR (2025)
- Reserves excluding gold, foreign exchange 317.55 billion SDR (2025)
- Reserves excluding gold 335.74 billion SDR (2025)
- Total reserves (gold at market value) 368.87 billion SDR (2025)
- Total reserves (gold at national valuation) 336.06 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 9,089 SDR per person (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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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.