Life insurance premium volume to GDP in Sri Lanka
Sri Lanka: Life insurance premium volume to GDP was 0.7% in 2020. ▲ Rising
Life insurance premium volume to GDP in Sri Lanka, 1995–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Sri Lanka recorded 0.7% for life insurance premium volume to gdp in 2020. That is the highest value across all 26 years on record.
The figure is up 19.9% on the previous year and up 45.9% over ten years.
Over the whole period, life insurance premium volume to gdp in Sri Lanka peaked at 0.7% in 2020 and was at its lowest, 0.4%, in 1995.
Sri Lanka ranks 75th of 162 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Life insurance premium volume to GDP in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 0.4% | — |
| 1996 | 0.4% | +5.8% |
| 1997 | 0.4% | +2.5% |
| 1998 | 0.4% | +2.3% |
| 1999 | 0.4% | +3.0% |
| 2000 | 0.4% | +0.8% |
| 2001 | 0.4% | +7.1% |
| 2002 | 0.5% | +3.1% |
| 2003 | 0.5% | +9.7% |
| 2004 | 0.5% | +2.8% |
| 2005 | 0.5% | +0.9% |
| 2006 | 0.5% | -3.6% |
| 2007 | 0.5% | -0.6% |
| 2008 | 0.5% | -7.5% |
| 2009 | 0.4% | -7.3% |
| 2010 | 0.5% | +12.0% |
| 2011 | 0.5% | +0.3% |
| 2012 | 0.4% | -11.9% |
| 2013 | 0.4% | +1.2% |
| 2014 | 0.4% | -0.9% |
| 2015 | 0.5% | +13.9% |
| 2016 | 0.5% | +7.9% |
| 2017 | 0.5% | +1.5% |
| 2018 | 0.6% | +4.1% |
| 2019 | 0.6% | +5.8% |
| 2020 | 0.7% | +19.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4% | 0.4% | 0.4% | 5 |
| 2000s | 0.5% | 0.4% | 0.5% | 10 |
| 2010s | 0.5% | 0.4% | 0.6% | 10 |
| 2020s | 0.7% | 0.7% | 0.7% | 1 |
Countries ranked near Sri Lanka
More financial sector data for Sri Lanka
- Net domestic credit (current LCU), per capita 536,545 current LCU per person (2019)
- Net domestic credit (current LCU), per unit of GDP 131.44 current LCU per US$ of GDP (2019)
- Net domestic credit (current LCU), annual growth rate 8.91 % change on previous year (2019)
- Gold reserves at 35 SDRs per ounce 528,500 SDR (2024)
- Gold reserves at market value 30.21 million SDR (2024)
- Reserves excluding gold, foreign exchange 4.64 billion SDR (2024)
- Reserves excluding gold 4.64 billion SDR (2024)
- Total reserves (gold at market value) 4.67 billion SDR (2024)
- Total reserves (gold at national valuation) 4.67 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 213.23 SDR per person (2024)
Frequently asked questions
- What is life insurance premium volume to gdp in Sri Lanka?
- Life insurance premium volume to gdp in Sri Lanka was 0.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Sri Lanka?
- The highest recorded value was 0.7% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Sri Lanka?
- The lowest recorded value was 0.4% in 1995.
- How does Sri Lanka rank for life insurance premium volume to gdp?
- Sri Lanka ranks 75th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Sri Lanka?
- Over the last ten years it is up 45.9%. The long-run trend across the full record is rising.
- Where does this Sri Lanka 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.