Life insurance premium volume to GDP in Spain
Spain: Life insurance premium volume to GDP was 1.8% in 2020. ▲ Rising
Life insurance premium volume to GDP in Spain, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Spain recorded 1.8% for life insurance premium volume to gdp in 2020.
That represents a change of down 12.5% on the previous year and down 28.0% over ten years.
Over the whole period, life insurance premium volume to gdp in Spain peaked at 3.7% in 2000 and was at its lowest, 0.5%, in 1990.
That places Spain 41st out of 162 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Life insurance premium volume to GDP in Spain, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.5% | — |
| 1991 | 0.6% | +22.1% |
| 1992 | 0.7% | +11.3% |
| 1993 | 0.7% | +12.0% |
| 1994 | 0.8% | +8.8% |
| 1995 | 0.9% | +10.2% |
| 1996 | 0.9% | -1.0% |
| 1997 | 0.9% | +6.0% |
| 1998 | 1.9% | +103.7% |
| 1999 | 3.0% | +55.9% |
| 2000 | 3.7% | +24.1% |
| 2001 | 3.3% | -11.0% |
| 2002 | 3.6% | +9.9% |
| 2003 | 2.2% | -38.9% |
| 2004 | 2.2% | -0.2% |
| 2005 | 2.2% | +0.3% |
| 2006 | 2.2% | +1.1% |
| 2007 | 2.1% | -5.5% |
| 2008 | 2.4% | +13.3% |
| 2009 | 2.6% | +9.7% |
| 2010 | 2.5% | -6.5% |
| 2011 | 2.7% | +11.6% |
| 2012 | 2.6% | -6.1% |
| 2013 | 2.5% | -2.0% |
| 2014 | 2.4% | -3.8% |
| 2015 | 2.4% | -2.5% |
| 2016 | 2.8% | +17.8% |
| 2017 | 2.4% | -15.8% |
| 2018 | 2.3% | -3.9% |
| 2019 | 2.0% | -10.5% |
| 2020 | 1.8% | -12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.1% | 0.5% | 3.0% | 10 |
| 2000s | 2.7% | 2.1% | 3.7% | 10 |
| 2010s | 2.5% | 2.0% | 2.8% | 10 |
| 2020s | 1.8% | 1.8% | 1.8% | 1 |
Countries ranked near Spain
More financial sector data for Spain
- Total reserves in months of imports, annual growth rate 10.58 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 3.34 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0264 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,021 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 0.7691 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,317 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 13.62 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,902 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Spain?
- Life insurance premium volume to gdp in Spain was 1.8% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Spain?
- The highest recorded value was 3.7% in 2000.
- What is the lowest life insurance premium volume to gdp recorded in Spain?
- The lowest recorded value was 0.5% in 1990.
- How does Spain rank for life insurance premium volume to gdp?
- Spain ranks 41st out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Spain?
- Over the last ten years it is down 28.0%. The long-run trend across the full record is rising.
- Where does this Spain 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.