Life insurance premium volume to GDP (%) in Thailand
Thailand: Life insurance premium volume to GDP (%) was 3.2% in 2020. ▲ Rising
Life insurance premium volume to GDP in Thailand, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Thailand is 3.2%, measured in 2020.
That represents a change of up 4.5% on the previous year and up 17.6% over ten years.
Over the whole period, life insurance premium volume to gdp in Thailand peaked at 3.8% in 2015 and was at its lowest, 0.9%, in 1990.
Thailand ranks 21st of 162 countries on this measure, 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 Thailand, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.9% | — |
| 1991 | 0.9% | +5.4% |
| 1992 | 1.0% | +7.3% |
| 1993 | 1.1% | +6.7% |
| 1994 | 1.1% | +4.6% |
| 1995 | 1.1% | +3.3% |
| 1996 | 1.2% | +5.0% |
| 1997 | 1.2% | +3.9% |
| 1998 | 1.2% | -4.0% |
| 1999 | 1.3% | +9.0% |
| 2000 | 1.5% | +14.3% |
| 2001 | 1.8% | +18.3% |
| 2002 | 2.0% | +13.4% |
| 2003 | 2.1% | +5.4% |
| 2004 | 2.1% | +1.3% |
| 2005 | 2.2% | +0.6% |
| 2006 | 2.0% | -5.9% |
| 2007 | 2.2% | +7.7% |
| 2008 | 2.3% | +3.5% |
| 2009 | 2.6% | +16.6% |
| 2010 | 2.7% | +2.5% |
| 2011 | 2.9% | +6.3% |
| 2012 | 3.1% | +8.8% |
| 2013 | 3.4% | +8.3% |
| 2014 | 3.7% | +10.4% |
| 2015 | 3.8% | +3.0% |
| 2016 | 3.3% | -12.9% |
| 2017 | 3.3% | +0.1% |
| 2018 | 3.3% | -1.9% |
| 2019 | 3.0% | -7.6% |
| 2020 | 3.2% | +4.5% |
Thailand compared with similar countries
- Thailand's 3.2% is above the median for upper middle income countries, which is 0.5%, 6.6× the median. (46 countries reporting)
- Thailand's 3.2% is above the median for East Asia & Pacific, which is 1.4%, 2.3× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.1% | 0.9% | 1.3% | 10 |
| 2000s | 2.1% | 1.5% | 2.6% | 10 |
| 2010s | 3.3% | 2.7% | 3.8% | 10 |
| 2020s | 3.2% | 3.2% | 3.2% | 1 |
Countries ranked near Thailand
More financial sector data for Thailand
- Reserve position in the IMF, US dollar, annual growth rate 8.39 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 16.06 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.21 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.73 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.39 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 16.06 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.21 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Thailand?
- Life insurance premium volume to gdp in Thailand was 3.2% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Thailand?
- The highest recorded value was 3.8% in 2015.
- What is the lowest life insurance premium volume to gdp recorded in Thailand?
- The lowest recorded value was 0.9% in 1990.
- How does Thailand rank for life insurance premium volume to gdp?
- Thailand ranks 21st out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Thailand?
- Over the last ten years it is up 17.6%. The long-run trend across the full record is rising.
- Where does this Thailand 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.