Life insurance premium volume to GDP (%) in United States
United States: Life insurance premium volume to GDP (%) was 2.7% in 2020. ▼ Falling
Life insurance premium volume to GDP in United States, 1996–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, life insurance premium volume to gdp in United States stood at 2.7%.
That represents a change of up 2.7% on the previous year and down 12.8% over ten years.
Over the whole period, life insurance premium volume to gdp in United States peaked at 4.2% in 2002 and was at its lowest, 2.6%, in 2017.
United States ranks 27th of 162 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Life insurance premium volume to GDP (%) in United States, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 2.9% | — |
| 1997 | 3.4% | +16.2% |
| 1998 | 3.5% | +3.6% |
| 1999 | 3.8% | +6.3% |
| 2000 | 3.9% | +4.1% |
| 2001 | 4.1% | +4.6% |
| 2002 | 4.2% | +3.1% |
| 2003 | 4.1% | -2.9% |
| 2004 | 3.9% | -4.0% |
| 2005 | 3.6% | -7.5% |
| 2006 | 3.7% | +2.4% |
| 2007 | 3.6% | -4.0% |
| 2008 | 3.6% | -0.6% |
| 2009 | 3.2% | -9.8% |
| 2010 | 3.1% | -3.2% |
| 2011 | 3.3% | +5.2% |
| 2012 | 3.3% | +0.9% |
| 2013 | 2.9% | -10.9% |
| 2014 | 2.9% | -2.2% |
| 2015 | 2.8% | -0.9% |
| 2016 | 2.7% | -3.7% |
| 2017 | 2.6% | -4.8% |
| 2018 | 2.6% | +1.4% |
| 2019 | 2.6% | -0.3% |
| 2020 | 2.7% | +2.7% |
United States compared with similar countries
- United States's 2.7% is above the median for high income countries, which is 1.6%, 1.7× the median. (59 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.4% | 2.9% | 3.8% | 4 |
| 2000s | 3.8% | 3.2% | 4.2% | 10 |
| 2010s | 2.9% | 2.6% | 3.3% | 10 |
| 2020s | 2.7% | 2.7% | 2.7% | 1 |
Countries ranked near United States
More financial sector data for United States
- Reserve position in the IMF, US dollar, annual growth rate 17.82 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 89.64 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 12.2 % 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 65.46 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 17.82 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 89.64 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 12.2 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in United States?
- Life insurance premium volume to gdp in United States was 2.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in United States?
- The highest recorded value was 4.2% in 2002.
- What is the lowest life insurance premium volume to gdp recorded in United States?
- The lowest recorded value was 2.6% in 2017.
- How does United States rank for life insurance premium volume to gdp?
- United States ranks 27th out of 162 countries with data for 2020.
- Is life insurance premium volume to gdp rising or falling in United States?
- Over the last ten years it is down 12.8%. The long-run trend across the full record is falling.
- Where does this United States 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.