Life insurance premium volume to GDP in Taiwan
Taiwan: Life insurance premium volume to GDP was 13.6% in 2020. ▲ Rising
Life insurance premium volume to GDP in Taiwan, 1992–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Taiwan recorded 13.6% for life insurance premium volume to gdp in 2020.
The figure is down 14.3% on the previous year and down 5.1% over ten years.
Over the whole period, life insurance premium volume to gdp in Taiwan peaked at 16.8% in 2018 and was at its lowest, 3.2%, in 1992.
That places Taiwan 2nd out of 162 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 29 years of available data.
Life insurance premium volume to GDP in Taiwan, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 3.2% | — |
| 1993 | 3.4% | +4.5% |
| 1994 | 3.6% | +6.4% |
| 1995 | 3.7% | +3.6% |
| 1996 | 3.9% | +4.7% |
| 1997 | 4.2% | +8.0% |
| 1998 | 4.5% | +6.3% |
| 1999 | 4.9% | +8.6% |
| 2000 | 4.8% | -0.6% |
| 2001 | 5.8% | +19.4% |
| 2002 | 6.9% | +19.2% |
| 2003 | 8.8% | +28.4% |
| 2004 | 9.8% | +10.5% |
| 2005 | 10.3% | +5.8% |
| 2006 | 10.6% | +2.8% |
| 2007 | 12.2% | +15.3% |
| 2008 | 12.7% | +3.4% |
| 2009 | 13.4% | +5.7% |
| 2010 | 14.4% | +7.4% |
| 2011 | 13.3% | -7.8% |
| 2012 | 14.6% | +10.4% |
| 2013 | 14.6% | -0.1% |
| 2014 | 14.8% | +1.1% |
| 2015 | 14.9% | +0.8% |
| 2016 | 15.6% | +4.5% |
| 2017 | 16.7% | +7.3% |
| 2018 | 16.8% | +0.3% |
| 2019 | 15.9% | -5.0% |
| 2020 | 13.6% | -14.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.9% | 3.2% | 4.9% | 8 |
| 2000s | 9.5% | 4.8% | 13.4% | 10 |
| 2010s | 15.2% | 13.3% | 16.8% | 10 |
| 2020s | 13.6% | 13.6% | 13.6% | 1 |
Countries ranked near Taiwan
- 1 Hong Kong 19.4% compare
- 3 Macao 13.5% compare
- 4 South Africa 10.8% compare
- 5 United Kingdom 10.5% compare
More financial sector data for Taiwan
- Total reserves (gold at market value) (SDR), annual growth rate 2.98 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 477.05 million SDR (2025)
- Gold reserves at market value 43.47 billion SDR (2025)
- Reserves excluding gold, foreign exchange 439.98 billion SDR (2025)
- Reserves excluding gold 439.98 billion SDR (2025)
- Total reserves (gold at market value) 483.45 billion SDR (2025)
- Total reserves (gold at national valuation) 443.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -0.502 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate -0.5002 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 2.98 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Taiwan?
- Life insurance premium volume to gdp in Taiwan was 13.6% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Taiwan?
- The highest recorded value was 16.8% in 2018.
- What is the lowest life insurance premium volume to gdp recorded in Taiwan?
- The lowest recorded value was 3.2% in 1992.
- How does Taiwan rank for life insurance premium volume to gdp?
- Taiwan ranks 2nd out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Taiwan?
- Over the last ten years it is down 5.1%. The long-run trend across the full record is rising.
- Where does this Taiwan 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.