Life insurance premium volume to GDP in Türkiye
Türkiye: Life insurance premium volume to GDP was 0.3% in 2020. ▲ Rising
Life insurance premium volume to GDP in Türkiye, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for life insurance premium volume to gdp in Türkiye is 0.3%, measured in 2020. That is the highest value across all 31 years on record.
The figure is up 8.9% on the previous year and up 53.1% over ten years.
Over the whole period, life insurance premium volume to gdp in Türkiye peaked at 0.3% in 2020 and was at its lowest, 0.1%, in 1994.
That places Türkiye 108th out of 162 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Life insurance premium volume to GDP in Türkiye, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.1% | — |
| 1991 | 0.1% | +17.0% |
| 1992 | 0.1% | +6.9% |
| 1993 | 0.1% | -13.0% |
| 1994 | 0.1% | -20.1% |
| 1995 | 0.1% | +5.6% |
| 1996 | 0.1% | +20.8% |
| 1997 | 0.2% | +21.9% |
| 1998 | 0.1% | -17.5% |
| 1999 | 0.2% | +27.3% |
| 2000 | 0.2% | +16.8% |
| 2001 | 0.2% | -1.9% |
| 2002 | 0.2% | -0.6% |
| 2003 | 0.2% | +17.8% |
| 2004 | 0.2% | -6.6% |
| 2005 | 0.2% | -10.3% |
| 2006 | 0.2% | -5.4% |
| 2007 | 0.1% | -13.7% |
| 2008 | 0.2% | +5.1% |
| 2009 | 0.2% | +14.3% |
| 2010 | 0.2% | +4.1% |
| 2011 | 0.2% | +2.3% |
| 2012 | 0.2% | -10.3% |
| 2013 | 0.2% | +8.6% |
| 2014 | 0.2% | -14.2% |
| 2015 | 0.2% | +0.2% |
| 2016 | 0.2% | +19.9% |
| 2017 | 0.2% | +13.9% |
| 2018 | 0.2% | -15.7% |
| 2019 | 0.3% | +42.7% |
| 2020 | 0.3% | +8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.1% | 0.2% | 10 |
| 2000s | 0.2% | 0.1% | 0.2% | 10 |
| 2010s | 0.2% | 0.2% | 0.3% | 10 |
| 2020s | 0.3% | 0.3% | 0.3% | 1 |
Countries ranked near Türkiye
More financial sector data for Türkiye
- Net domestic credit (current LCU), per capita 365,380 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 19.64 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 42.15 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 913.08 million SDR (2025)
- Gold reserves at market value 83.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 46.67 billion SDR (2025)
- Reserves excluding gold 52.30 billion SDR (2025)
- Total reserves (gold at market value) 135.50 billion SDR (2025)
- Total reserves (gold at national valuation) 134.36 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,565 SDR per person (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Türkiye?
- Life insurance premium volume to gdp in Türkiye was 0.3% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Türkiye?
- The highest recorded value was 0.3% in 2020.
- What is the lowest life insurance premium volume to gdp recorded in Türkiye?
- The lowest recorded value was 0.1% in 1994.
- How does Türkiye rank for life insurance premium volume to gdp?
- Türkiye ranks 108th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in Türkiye?
- Over the last ten years it is up 53.1%. The long-run trend across the full record is rising.
- Where does this Türkiye 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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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.