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% |
Spain compared with similar countries
- Spain's 1.8% is above the median for high income countries, which is 1.6%, 1.1× the median. (59 countries reporting)
- Spain's 1.8% is above the median for Europe & Central Asia, which is 0.8%, 2.2× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Spain 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 |
|---|---|---|---|
| 1998 | +103.7% | 0.9% | 1.9% |
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
- Reserve position in the IMF, US dollar, annual growth rate 13.53 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 69.18 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.11 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 50.52 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.53 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 69.18 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.11 % change on previous year (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.