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% |
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
- Net domestic credit (current LCU), annual growth rate 10.99 % change on previous year (2025)
- Net domestic credit (current LCU), per unit of GDP 309.62 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), per capita 605,208 current LCU per person (2025)
- Net foreign assets (current LCU), annual growth rate 12 % change on previous year (2025)
- Net foreign assets (current LCU), per unit of GDP 98.08 current LCU per US$ of GDP (2025)
- Net foreign assets (current LCU), per capita 191,717 current LCU per person (2025)
- Net migration, annual growth rate -22.6 % change on previous year (2025)
- Net migration -12,636 (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Domestic credit to private sector 30.9% (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.
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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.