Life insurance premium volume to GDP (%) in Senegal
Senegal: Life insurance premium volume to GDP (%) was 0.5% in 2019. ▲ Rising
Life insurance premium volume to GDP in Senegal, 1997–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Senegal is 0.5%, measured in 2019. That is the highest value across all 23 years on record.
The figure is up 5.5% on the previous year and up 119.6% over ten years.
Over the whole period, life insurance premium volume to gdp in Senegal peaked at 0.5% in 2019 and was at its lowest, 0.1%, in 2002.
That places Senegal 87th out of 162 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Life insurance premium volume to GDP (%) in Senegal, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 0.2% | — |
| 1998 | 0.2% | -3.0% |
| 1999 | 0.3% | +95.7% |
| 2000 | 0.1% | -53.5% |
| 2001 | 0.1% | -3.4% |
| 2002 | 0.1% | -2.5% |
| 2003 | 0.1% | +0.0% |
| 2004 | 0.2% | +17.8% |
| 2005 | 0.2% | +11.7% |
| 2006 | 0.2% | +6.9% |
| 2007 | 0.2% | +5.7% |
| 2008 | 0.3% | +31.6% |
| 2009 | 0.2% | -18.4% |
| 2010 | 0.2% | +10.8% |
| 2011 | 0.3% | +8.1% |
| 2012 | 0.2% | -14.2% |
| 2013 | 0.3% | +13.4% |
| 2014 | 0.3% | +3.9% |
| 2015 | 0.3% | +19.9% |
| 2016 | 0.4% | +25.3% |
| 2017 | 0.5% | +15.8% |
| 2018 | 0.5% | -1.3% |
| 2019 | 0.5% | +5.5% |
Senegal compared with similar countries
- Senegal's 0.5% is above the median for lower middle income countries, which is 0.4%, 1.3× the median. (37 countries reporting)
- Senegal's 0.5% is above the median for Sub-Saharan Africa, which is 0.2%, 2.1× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Senegal 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 | +95.7% | 0.2% | 0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2% | 0.2% | 0.3% | 3 |
| 2000s | 0.2% | 0.1% | 0.3% | 10 |
| 2010s | 0.3% | 0.2% | 0.5% | 10 |
Countries ranked near Senegal
More financial sector data for Senegal
- 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 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.09 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 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.25 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 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.09 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 Senegal?
- Life insurance premium volume to gdp in Senegal was 0.5% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Senegal?
- The highest recorded value was 0.5% in 2019.
- What is the lowest life insurance premium volume to gdp recorded in Senegal?
- The lowest recorded value was 0.1% in 2002.
- How does Senegal rank for life insurance premium volume to gdp?
- Senegal ranks 87th out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Senegal?
- Over the last ten years it is up 119.6%. The long-run trend across the full record is rising.
- Where does this Senegal 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.
Download this data
CSV · JSON — 23 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.