Life insurance premium volume to GDP (%) in Vietnam
Vietnam: Life insurance premium volume to GDP (%) was 1.8% in 2019. ◆ Volatile
Life insurance premium volume to GDP in Vietnam, 1996–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Vietnam recorded 1.8% for life insurance premium volume to gdp in 2019. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 13.6% on the previous year and up 181.8% over ten years.
Over the whole period, life insurance premium volume to gdp in Vietnam peaked at 1.8% in 2019 and was at its lowest, 0.0%, in 1996.
That places Vietnam 42nd out of 162 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Life insurance premium volume to GDP (%) in Vietnam, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 0.0% | — |
| 1997 | 0.0% | +1339.1% |
| 1998 | 0.0% | +5.7% |
| 1999 | 0.1% | +2053.5% |
| 2000 | 0.3% | +144.8% |
| 2001 | 0.6% | +97.9% |
| 2002 | 0.9% | +49.8% |
| 2003 | 1.1% | +21.1% |
| 2004 | 1.0% | -5.8% |
| 2005 | 0.9% | -10.1% |
| 2006 | 0.8% | -10.2% |
| 2007 | 0.8% | -4.8% |
| 2008 | 0.5% | -28.0% |
| 2009 | 0.6% | +14.3% |
| 2010 | 0.6% | +1.9% |
| 2011 | 0.6% | -9.8% |
| 2012 | 0.6% | -1.5% |
| 2013 | 0.7% | +14.8% |
| 2014 | 0.7% | +6.6% |
| 2015 | 0.9% | +31.5% |
| 2016 | 1.1% | +22.9% |
| 2017 | 1.3% | +18.0% |
| 2018 | 1.6% | +17.5% |
| 2019 | 1.8% | +13.6% |
Vietnam compared with similar countries
- Vietnam's 1.8% is above the median for upper middle income countries, which is 0.5%, 3.7× the median. (46 countries reporting)
- Vietnam's 1.8% is above the median for East Asia & Pacific, which is 1.4%, 1.3× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Life insurance premium volume to GDP (%) in Vietnam 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 |
|---|---|---|---|
| 1999 | +2053.5% | 0.0% | 0.1% |
| 1997 | +1339.1% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0% | 0.0% | 0.1% | 4 |
| 2000s | 0.7% | 0.3% | 1.1% | 10 |
| 2010s | 1.0% | 0.6% | 1.8% | 10 |
Countries ranked near Vietnam
More financial sector data for Vietnam
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0001 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0001 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 Vietnam?
- Life insurance premium volume to gdp in Vietnam was 1.8% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest life insurance premium volume to gdp recorded in Vietnam?
- The highest recorded value was 1.8% in 2019.
- What is the lowest life insurance premium volume to gdp recorded in Vietnam?
- The lowest recorded value was 0.0% in 1996.
- How does Vietnam rank for life insurance premium volume to gdp?
- Vietnam ranks 42nd out of 162 countries with data for 2019.
- Is life insurance premium volume to gdp rising or falling in Vietnam?
- Over the last ten years it is up 181.8%. The long-run trend across the full record is volatile.
- Where does this Vietnam 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 — 24 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.