Life insurance premium volume to GDP in Trinidad and Tobago
Trinidad and Tobago: Life insurance premium volume to GDP was 3.0% in 2020. ▼ Falling
Life insurance premium volume to GDP in Trinidad and Tobago, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Trinidad and Tobago is 3.0%, measured in 2020.
The figure is up 8.9% on the previous year and up 224.0% over ten years.
Over the whole period, life insurance premium volume to gdp in Trinidad and Tobago peaked at 5.3% in 2003 and was at its lowest, 0.8%, in 2008.
Trinidad and Tobago ranks 24th of 162 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Life insurance premium volume to GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.8% | — |
| 1991 | 1.8% | -0.9% |
| 1992 | 1.9% | +10.6% |
| 1993 | 1.8% | -8.9% |
| 1994 | 2.0% | +13.2% |
| 1995 | 2.5% | +24.5% |
| 1996 | 2.3% | -7.4% |
| 1997 | 3.1% | +34.2% |
| 1998 | 2.2% | -28.6% |
| 1999 | 2.6% | +17.3% |
| 2000 | 2.8% | +6.4% |
| 2001 | 3.5% | +26.1% |
| 2002 | 3.8% | +9.2% |
| 2003 | 5.3% | +38.0% |
| 2004 | 4.2% | -19.3% |
| 2005 | 3.9% | -7.8% |
| 2006 | 3.6% | -8.0% |
| 2007 | 4.9% | +35.1% |
| 2008 | 0.8% | -82.7% |
| 2009 | 1.1% | +26.4% |
| 2010 | 0.9% | -12.7% |
| 2011 | 1.3% | +45.3% |
| 2012 | 1.5% | +11.5% |
| 2013 | 1.5% | +2.5% |
| 2014 | 1.2% | -22.6% |
| 2015 | 2.1% | +80.5% |
| 2016 | 2.8% | +28.3% |
| 2017 | 2.5% | -10.7% |
| 2018 | 2.4% | -2.1% |
| 2019 | 2.8% | +14.4% |
| 2020 | 3.0% | +8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.2% | 1.8% | 3.1% | 10 |
| 2000s | 3.4% | 0.8% | 5.3% | 10 |
| 2010s | 1.9% | 0.9% | 2.8% | 10 |
| 2020s | 3.0% | 3.0% | 3.0% | 1 |
Countries ranked near Trinidad and Tobago
More financial sector data for Trinidad and Tobago
- Reserve position in the IMF, US dollar, annual growth rate 4.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 118.45 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.2193 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 86.49 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 4.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 118.45 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.2193 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Trinidad and Tobago?
- Life insurance premium volume to gdp in Trinidad and Tobago was 3.0% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Trinidad and Tobago?
- The highest recorded value was 5.3% in 2003.
- What is the lowest life insurance premium volume to gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 0.8% in 2008.
- How does Trinidad and Tobago rank for life insurance premium volume to gdp?
- Trinidad and Tobago ranks 24th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 224.0%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago 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.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.