Life insurance premium volume to GDP (%) in United Kingdom
United Kingdom: Life insurance premium volume to GDP (%) was 10.5% in 2019. ▲ Rising
Life insurance premium volume to GDP in United Kingdom, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2019, life insurance premium volume to gdp in United Kingdom stood at 10.5%.
The figure is down 12.9% on the previous year and down 0.2% over ten years.
Over the whole period, life insurance premium volume to gdp in United Kingdom peaked at 17.3% in 2007 and was at its lowest, 3.3%, in 1991.
United Kingdom ranks 5th of 162 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Life insurance premium volume to GDP (%) in United Kingdom, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 3.7% | — |
| 1991 | 3.3% | -11.6% |
| 1992 | 3.4% | +4.1% |
| 1993 | 3.4% | -0.8% |
| 1994 | 6.7% | +94.8% |
| 1995 | 5.9% | -11.6% |
| 1996 | 7.1% | +19.9% |
| 1997 | 8.1% | +14.8% |
| 1998 | 9.7% | +19.5% |
| 1999 | 11.0% | +13.2% |
| 2000 | 12.7% | +16.2% |
| 2001 | 11.8% | -7.7% |
| 2002 | 11.3% | -3.7% |
| 2003 | 10.1% | -11.1% |
| 2004 | 9.7% | -3.9% |
| 2005 | 12.0% | +24.1% |
| 2006 | 15.1% | +25.8% |
| 2007 | 17.3% | +14.8% |
| 2008 | 12.0% | -30.8% |
| 2009 | 10.5% | -12.1% |
| 2010 | 9.6% | -8.4% |
| 2011 | 9.3% | -3.0% |
| 2012 | 10.1% | +7.8% |
| 2013 | 9.2% | -9.1% |
| 2014 | 8.8% | -4.4% |
| 2015 | 8.4% | -4.6% |
| 2016 | 10.9% | +30.7% |
| 2017 | 9.1% | -16.8% |
| 2018 | 12.1% | +32.8% |
| 2019 | 10.5% | -12.9% |
United Kingdom compared with similar countries
- United Kingdom's 10.5% is above the median for high income countries, which is 1.6%, 6.5× the median. (59 countries reporting)
- United Kingdom's 10.5% is above the median for Europe & Central Asia, which is 0.8%, 13.0× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in United Kingdom changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +94.8% | 3.4% | 6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.2% | 3.3% | 11.0% | 10 |
| 2000s | 12.2% | 9.7% | 17.3% | 10 |
| 2010s | 9.8% | 8.4% | 12.1% | 10 |
Countries ranked near United Kingdom
More financial sector data for United Kingdom
- Reserve position in the IMF, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 104.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.29 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 76.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 104.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.29 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in United Kingdom?
- Life insurance premium volume to gdp in United Kingdom was 10.5% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in United Kingdom?
- The highest recorded value was 17.3% in 2007.
- What is the lowest life insurance premium volume to gdp recorded in United Kingdom?
- The lowest recorded value was 3.3% in 1991.
- How does United Kingdom rank for life insurance premium volume to gdp?
- United Kingdom ranks 5th out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in United Kingdom?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is rising.
- Where does this United Kingdom 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 — 30 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.