Life insurance premium volume to GDP (%) in Tanzania
Tanzania: Life insurance premium volume to GDP (%) was 0.1% in 2020. ▼ Falling
Life insurance premium volume to GDP in Tanzania, 1996–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Tanzania recorded 0.1% for life insurance premium volume to gdp in 2020.
Compared with earlier readings it is up 8.7% on the previous year and up 32.4% over ten years.
Over the whole period, life insurance premium volume to gdp in Tanzania peaked at 0.2% in 1996 and was at its lowest, 0.0%, in 2006.
Tanzania ranks 138th of 162 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Life insurance premium volume to GDP (%) in Tanzania, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 0.2% | — |
| 1997 | 0.2% | -26.4% |
| 1998 | 0.1% | -33.3% |
| 1999 | 0.1% | -11.1% |
| 2000 | 0.1% | -15.3% |
| 2001 | 0.1% | +0.7% |
| 2002 | 0.1% | -21.4% |
| 2003 | 0.1% | -11.0% |
| 2004 | 0.0% | -19.5% |
| 2005 | 0.0% | +10.1% |
| 2006 | 0.0% | -10.4% |
| 2007 | 0.1% | +57.7% |
| 2008 | 0.1% | +18.8% |
| 2009 | 0.1% | -28.7% |
| 2010 | 0.1% | +23.9% |
| 2011 | 0.1% | -3.4% |
| 2012 | 0.1% | +3.4% |
| 2013 | 0.1% | +10.3% |
| 2014 | 0.1% | -5.4% |
| 2015 | 0.1% | -0.5% |
| 2016 | 0.1% | -5.9% |
| 2017 | 0.1% | -0.7% |
| 2018 | 0.1% | +18.7% |
| 2019 | 0.1% | +5.8% |
| 2020 | 0.1% | +8.7% |
Tanzania compared with similar countries
- Tanzania's 0.1% is below the median for lower middle income countries, which is 0.4%, 25% of the median. (37 countries reporting)
- Tanzania's 0.1% is below the median for Sub-Saharan Africa, which is 0.2%, 40% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.1% | 0.2% | 4 |
| 2000s | 0.1% | 0.0% | 0.1% | 10 |
| 2010s | 0.1% | 0.1% | 0.1% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near Tanzania
More financial sector data for Tanzania
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.8467 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Tanzania?
- Life insurance premium volume to gdp in Tanzania was 0.1% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Tanzania?
- The highest recorded value was 0.2% in 1996.
- What is the lowest life insurance premium volume to gdp recorded in Tanzania?
- The lowest recorded value was 0.0% in 2006.
- How does Tanzania rank for life insurance premium volume to gdp?
- Tanzania ranks 138th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Tanzania?
- Over the last ten years it is up 32.4%. The long-run trend across the full record is falling.
- Where does this Tanzania 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.