Life insurance premium volume to GDP (%) in Slovak Republic
Slovak Republic: Life insurance premium volume to GDP (%) was 0.9% in 2020. ▲ Rising
Life insurance premium volume to GDP in Slovak Republic, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in Slovak Republic stood at 0.9%.
Compared with earlier readings it is down 11.7% on the previous year and down 40.3% over ten years.
Over the whole period, life insurance premium volume to gdp in Slovak Republic peaked at 1.6% in 2008 and was at its lowest, 0.4%, in 1995.
Slovak Republic ranks 66th of 162 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Life insurance premium volume to GDP (%) in Slovak Republic, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 0.5% | — |
| 1994 | 0.4% | -13.3% |
| 1995 | 0.4% | -14.1% |
| 1996 | 0.5% | +50.3% |
| 1997 | 0.6% | +19.8% |
| 1998 | 0.8% | +25.8% |
| 1999 | 1.0% | +22.5% |
| 2000 | 1.2% | +20.5% |
| 2001 | 1.3% | +12.6% |
| 2002 | 1.4% | +3.8% |
| 2003 | 1.4% | -2.3% |
| 2004 | 1.4% | +2.6% |
| 2005 | 1.5% | +3.9% |
| 2006 | 1.5% | +3.9% |
| 2007 | 1.5% | +0.9% |
| 2008 | 1.6% | +6.0% |
| 2009 | 1.6% | -0.4% |
| 2010 | 1.6% | -1.3% |
| 2011 | 1.5% | -3.1% |
| 2012 | 1.5% | -1.5% |
| 2013 | 1.6% | +4.0% |
| 2014 | 1.5% | -2.8% |
| 2015 | 1.3% | -13.6% |
| 2016 | 1.2% | -10.6% |
| 2017 | 1.3% | +7.2% |
| 2018 | 1.1% | -9.9% |
| 2019 | 1.1% | -6.1% |
| 2020 | 0.9% | -11.7% |
Slovak Republic compared with similar countries
- Slovak Republic's 0.9% is below the median for high income countries, which is 1.6%, 59% of the median. (59 countries reporting)
- Slovak Republic's 0.9% is above the median for Europe & Central Asia, which is 0.8%, 1.2× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | 0.4% | 1.0% | 7 |
| 2000s | 1.4% | 1.2% | 1.6% | 10 |
| 2010s | 1.4% | 1.1% | 1.6% | 10 |
| 2020s | 0.9% | 0.9% | 0.9% | 1 |
Countries ranked near Slovak Republic
More financial sector data for Slovak Republic
- Reserve position in the IMF, US dollar, annual growth rate 13.54 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 65.71 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.12 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 47.98 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.54 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 65.71 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.12 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Slovak Republic?
- Life insurance premium volume to gdp in Slovak Republic was 0.9% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Slovak Republic?
- The highest recorded value was 1.6% in 2008.
- What is the lowest life insurance premium volume to gdp recorded in Slovak Republic?
- The lowest recorded value was 0.4% in 1995.
- How does Slovak Republic rank for life insurance premium volume to gdp?
- Slovak Republic ranks 66th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Slovak Republic?
- Over the last ten years it is down 40.3%. The long-run trend across the full record is rising.
- Where does this Slovak Republic 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.