Life insurance premium volume to GDP (%) in Venezuela
Venezuela: Life insurance premium volume to GDP (%) was 0.0% in 2019. ▲ Rising
Life insurance premium volume to GDP in Venezuela, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Venezuela recorded 0.0% for life insurance premium volume to gdp in 2019. That is the lowest value across all 28 years on record.
That represents a change of down 83.6% on the previous year and down 99.9% over ten years.
Over the whole period, life insurance premium volume to gdp in Venezuela peaked at 0.2% in 2009 and was at its lowest, 0.0%, in 2019.
Venezuela ranks 162nd of 162 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Life insurance premium volume to GDP (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.1% | — |
| 1993 | 0.1% | +1.4% |
| 1994 | 0.1% | -40.5% |
| 1995 | 0.1% | -24.1% |
| 1996 | 0.0% | -29.9% |
| 1997 | 0.0% | +27.3% |
| 1998 | 0.1% | +27.5% |
| 1999 | 0.1% | -2.6% |
| 2000 | 0.0% | -10.3% |
| 2001 | 0.1% | +41.2% |
| 2002 | 0.1% | -4.3% |
| 2003 | 0.1% | +15.8% |
| 2004 | 0.1% | -11.6% |
| 2005 | 0.1% | +4.3% |
| 2006 | 0.1% | +23.3% |
| 2007 | 0.1% | +22.6% |
| 2008 | 0.1% | +23.6% |
| 2009 | 0.2% | +16.3% |
| 2010 | 0.1% | -16.8% |
| 2011 | 0.1% | -8.3% |
| 2012 | 0.1% | +5.3% |
| 2013 | 0.1% | -2.4% |
| 2014 | 0.1% | +1.2% |
| 2015 | 0.1% | +0.4% |
| 2016 | 0.1% | -30.7% |
| 2017 | 0.0% | -68.6% |
| 2018 | 0.0% | -97.0% |
| 2019 | 0.0% | -83.6% |
Venezuela compared with similar countries
- Venezuela's 0.0% is below the median for lower middle income countries, which is 0.4%, 0% of the median. (37 countries reporting)
- Venezuela's 0.0% is below the median for Latin America & Caribbean, which is 1.0%, 0% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.0% | 0.1% | 8 |
| 2000s | 0.1% | 0.0% | 0.2% | 10 |
| 2010s | 0.1% | 0.0% | 0.1% | 10 |
Countries ranked near Venezuela
More financial sector data for Venezuela
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is life insurance premium volume to gdp in Venezuela?
- Life insurance premium volume to gdp in Venezuela was 0.0% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Venezuela?
- The highest recorded value was 0.2% in 2009.
- What is the lowest life insurance premium volume to gdp recorded in Venezuela?
- The lowest recorded value was 0.0% in 2019.
- How does Venezuela rank for life insurance premium volume to gdp?
- Venezuela ranks 162nd out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Venezuela?
- Over the last ten years it is down 99.9%. The long-run trend across the full record is rising.
- Where does this Venezuela 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 — 28 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.