Non-life insurance premium volume to GDP (%) by country
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.
Countries reporting
167
Highest
5.1%
Barbados
Lowest
0.0%
Venezuela
Median
1.0%
Years covered
31
1990–2020
Data points
4,353
What the numbers show
Non-life insurance premium volume to GDP (%) is currently reported for 167 countries. The highest value is 5.1% in Barbados; the lowest is 0.0% in Venezuela.
The median across all reporting countries is 1.0%, and the mean is 1.2%.
The gap between the highest and lowest reporting country is a factor of about 1,603.
Over the past decade 87 countries rose and 80 fell. The largest increase was in Mauritania (up 11,523.8%), and the largest decrease in Venezuela (down 99.8%).
Non-life insurance premium volume to GDP: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Barbados | 5.1% | 2020 | up 11.8% | rising |
| 2 | Luxembourg | 4.8% | 2020 | up 183.1% | falling |
| 3 | South Korea | 4.6% | 2020 | up 21.4% | rising |
| 4 | Antigua and Barbuda | 4.2% | 2019 | down 0.5% | falling |
| 5 | United States | 3.4% | 2020 | up 9.9% | flat |
| 6 | Canada | 3.3% | 2020 | up 43.8% | rising |
| 7 | Bahamas | 3.3% | 2020 | up 5.3% | rising |
| 8 | Saint Lucia | 3.2% | 2019 | down 3.2% | falling |
| 9 | Belize | 3.1% | 2020 | up 12.4% | rising |
| 10 | Dominica | 3.0% | 2014 | up 105.5% | rising |
| 11 | Grenada | 3.0% | 2019 | down 9.9% | rising |
| 12 | South Africa | 2.9% | 2019 | up 12.8% | rising |
| 13 | Saint Vincent and the Grenadines | 2.8% | 2019 | up 5.0% | flat |
| 14 | Jamaica | 2.6% | 2019 | up 14.2% | falling |
| 15 | Trinidad and Tobago | 2.6% | 2020 | up 71.4% | flat |
| 16 | France | 2.4% | 2020 | up 10.7% | flat |
| 17 | Austria | 2.4% | 2020 | up 4.5% | falling |
| 18 | Spain | 2.3% | 2020 | up 8.4% | flat |
| 19 | Denmark | 2.3% | 2020 | down 7.6% | rising |
| 20 | Australia | 2.2% | 2020 | up 8.3% | falling |
| 21 | Slovenia | 2.2% | 2020 | down 11.6% | falling |
| 22 | Argentina | 2.2% | 2020 | up 34.2% | rising |
| 23 | Iceland | 2.1% | 2020 | down 10.9% | falling |
| 24 | New Zealand | 2.1% | 2019 | up 22.3% | flat |
| 25 | Portugal | 2.0% | 2020 | up 22.3% | falling |
| 26 | Germany | 2.0% | 2020 | up 7.3% | falling |
| 27 | United Kingdom | 2.0% | 2019 | down 23.7% | falling |
| 28 | Belgium | 2.0% | 2019 | down 8.4% | falling |
| 29 | Switzerland | 2.0% | 2019 | down 6.6% | falling |
| 30 | Bulgaria | 1.9% | 2020 | up 6.8% | volatile |
| 31 | Norway | 1.9% | 2020 | up 17.7% | falling |
| 32 | Morocco | 1.9% | 2020 | up 16.3% | rising |
| 33 | Croatia | 1.8% | 2020 | down 2.0% | falling |
| 34 | Honduras | 1.7% | 2020 | up 62.5% | rising |
| 35 | Cyprus | 1.7% | 2020 | down 9.1% | rising |
| 36 | Rwanda | 1.7% | 2020 | up 321.4% | volatile |
| 37 | Japan | 1.7% | 2020 | up 17.6% | flat |
| 38 | Czechia | 1.7% | 2020 | down 13.8% | rising |
| 39 | Uruguay | 1.7% | 2020 | up 20.3% | rising |
| 40 | Suriname | 1.6% | 2020 | up 81.0% | rising |
| 41 | Italy | 1.6% | 2020 | down 12.4% | falling |
| 42 | Finland | 1.6% | 2020 | down 0.8% | falling |
| 43 | Costa Rica | 1.6% | 2020 | down 3.9% | falling |
| 44 | Aruba | 1.6% | 2020 | up 4.6% | rising |
| 45 | Poland | 1.5% | 2020 | up 10.0% | rising |
| 46 | Iran | 1.5% | 2018 | up 71.9% | volatile |
| 47 | Chile | 1.5% | 2020 | up 25.6% | flat |
| 48 | Bosnia and Herzegovina | 1.5% | 2019 | up 8.8% | rising |
| 49 | Sweden | 1.5% | 2019 | down 2.2% | falling |
| 50 | Seychelles | 1.5% | 2014 | down 12.9% | falling |
| 51 | Ecuador | 1.5% | 2020 | up 4.3% | rising |
| 52 | Mauritius | 1.4% | 2019 | down 2.5% | falling |
| 53 | Panama | 1.4% | 2020 | down 21.0% | falling |
| 54 | Colombia | 1.4% | 2020 | up 25.5% | rising |
| 55 | Israel | 1.4% | 2020 | down 7.9% | falling |
| 56 | Netherlands | 1.4% | 2020 | down 31.6% | volatile |
| 57 | Serbia | 1.4% | 2020 | up 5.3% | falling |
| 58 | Estonia | 1.3% | 2020 | down 5.1% | rising |
| 59 | Hungary | 1.3% | 2020 | down 3.2% | falling |
| 60 | El Salvador | 1.3% | 2020 | up 5.4% | rising |
| 61 | Thailand | 1.3% | 2020 | up 24.7% | rising |
| 62 | Tunisia | 1.3% | 2019 | up 4.5% | rising |
| 63 | Fiji | 1.3% | 2019 | down 27.7% | falling |
| 64 | Malta | 1.3% | 2018 | down 4.1% | falling |
| 65 | Macao | 1.3% | 2020 | up 329.5% | rising |
| 66 | Namibia | 1.2% | 2020 | down 41.0% | falling |
| 67 | Slovakia | 1.2% | 2020 | down 4.2% | falling |
| 68 | Cape Verde | 1.2% | 2018 | down 15.2% | flat |
| 69 | Lithuania | 1.2% | 2020 | up 24.7% | rising |
| 70 | China | 1.2% | 2020 | up 23.1% | rising |
| 71 | Nicaragua | 1.2% | 2019 | up 16.3% | rising |
| 72 | Mozambique | 1.1% | 2020 | up 40.7% | rising |
| 73 | Djibouti | 1.1% | 2011 | down 4.0% | falling |
| 74 | Turkey | 1.1% | 2020 | up 36.6% | rising |
| 75 | Jordan | 1.1% | 2020 | down 23.0% | falling |
| 76 | Lesotho | 1.1% | 2018 | down 30.5% | falling |
| 77 | North Macedonia | 1.1% | 2020 | down 11.9% | falling |
| 78 | Greece | 1.1% | 2020 | down 19.0% | rising |
| 79 | Hong Kong | 1.0% | 2020 | up 15.8% | falling |
| 80 | Malaysia | 1.0% | 2019 | down 25.6% | falling |
| 81 | Eswatini | 1.0% | 2018 | down 28.9% | falling |
| 82 | Ireland | 1.0% | 2019 | down 30.5% | falling |
| 83 | United Arab Emirates | 1.0% | 2019 | down 27.1% | rising |
| 84 | Latvia | 1.0% | 2020 | down 2.1% | falling |
| 85 | Brazil | 1.0% | 2020 | up 3.3% | falling |
| 86 | Guatemala | 1.0% | 2020 | up 37.3% | rising |
| 87 | Mexico | 1.0% | 2019 | up 14.0% | rising |
| 88 | Qatar | 1.0% | 2019 | down 1.2% | falling |
| 89 | Paraguay | 0.9% | 2020 | up 51.7% | flat |
| 90 | Albania | 0.9% | 2020 | up 62.0% | rising |
| 91 | Malawi | 0.9% | 2019 | up 4.8% | rising |
| 92 | Peru | 0.9% | 2020 | up 24.1% | rising |
| 93 | Dominican Republic | 0.9% | 2020 | down 13.7% | falling |
| 94 | Taiwan | 0.8% | 2020 | up 19.1% | falling |
| 95 | Romania | 0.8% | 2020 | down 31.6% | rising |
| 96 | Kenya | 0.8% | 2020 | down 36.8% | falling |
| 97 | Algeria | 0.8% | 2020 | up 23.7% | rising |
| 98 | Ukraine | 0.8% | 2020 | down 60.9% | volatile |
| 99 | Zambia | 0.8% | 2019 | down 6.3% | falling |
| 100 | Singapore | 0.8% | 2020 | down 12.0% | falling |
| 101 | Lebanon | 0.8% | 2018 | down 20.1% | falling |
| 102 | Bolivia | 0.7% | 2020 | down 0.5% | rising |
| 103 | Russia | 0.7% | 2020 | down 16.5% | rising |
| 104 | Bahrain | 0.7% | 2019 | down 34.2% | falling |
| 105 | Belarus | 0.7% | 2020 | up 8.1% | rising |
| 106 | Oman | 0.7% | 2019 | down 30.7% | rising |
| 107 | Nepal | 0.7% | 2018 | up 53.3% | rising |
| 108 | Botswana | 0.7% | 2019 | down 39.0% | falling |
| 109 | Georgia | 0.7% | 2020 | up 46.0% | rising |
| 110 | Burkina Faso | 0.7% | 2020 | up 66.7% | rising |
| 111 | India | 0.7% | 2018 | up 37.0% | rising |
| 112 | Senegal | 0.6% | 2019 | down 3.4% | flat |
| 113 | Gabon | 0.6% | 2020 | down 20.2% | falling |
| 114 | Congo | 0.6% | 2018 | up 12.8% | rising |
| 115 | Moldova | 0.6% | 2020 | down 33.9% | rising |
| 116 | Vietnam | 0.6% | 2019 | down 8.5% | rising |
| 117 | Cameroon | 0.6% | 2020 | up 7.2% | falling |
| 118 | Sri Lanka | 0.6% | 2020 | up 6.7% | flat |
| 119 | Togo | 0.6% | 2018 | down 19.5% | flat |
| 120 | Cote d'Ivoire | 0.6% | 2019 | down 7.6% | falling |
| 121 | Saudi Arabia | 0.6% | 2020 | up 64.7% | rising |
| 122 | Papua New Guinea | 0.5% | 2017 | down 36.7% | falling |
| 123 | Sudan | 0.5% | 2019 | up 27.7% | volatile |
| 124 | Gambia | 0.5% | 2016 | up 109.2% | rising |
| 125 | Ghana | 0.5% | 2020 | up 14.6% | rising |
| 126 | Indonesia | 0.5% | 2020 | up 37.3% | falling |
| 127 | Armenia | 0.5% | 2020 | up 155.5% | volatile |
| 128 | Sierra Leone | 0.5% | 2016 | up 53.2% | rising |
| 129 | Haiti | 0.5% | 2017 | up 59.9% | rising |
| 130 | Kazakhstan | 0.5% | 2020 | down 12.2% | rising |
| 131 | Philippines | 0.5% | 2020 | up 2.4% | falling |
| 132 | Mongolia | 0.5% | 2020 | up 61.1% | rising |
| 133 | Burundi | 0.5% | 2019 | down 25.8% | falling |
| 134 | Brunei | 0.5% | 2020 | up 19.8% | volatile |
| 135 | Guyana | 0.4% | 2019 | down 34.9% | falling |
| 136 | Laos | 0.4% | 2019 | up 37.3% | rising |
| 137 | Uganda | 0.4% | 2020 | up 4.6% | rising |
| 138 | Azerbaijan | 0.4% | 2019 | down 0.4% | falling |
| 139 | Tanzania | 0.4% | 2020 | down 21.1% | falling |
| 140 | Ethiopia | 0.4% | 2017 | down 31.4% | falling |
| 141 | Madagascar | 0.4% | 2018 | down 29.4% | falling |
| 142 | Niger | 0.3% | 2018 | down 19.9% | falling |
| 143 | Uzbekistan | 0.3% | 2019 | up 39.0% | rising |
| 144 | Cambodia | 0.3% | 2020 | up 93.0% | rising |
| 145 | Kuwait | 0.3% | 2018 | down 2.2% | falling |
| 146 | Mali | 0.3% | 2018 | down 14.0% | falling |
| 147 | Central African Republic | 0.3% | 2018 | up 17.8% | rising |
| 148 | Egypt | 0.3% | 2019 | down 23.5% | falling |
| 149 | Angola | 0.3% | 2020 | down 57.9% | volatile |
| 150 | Tajikistan | 0.3% | 2020 | down 27.3% | rising |
| 151 | Myanmar | 0.3% | 2020 | up 489.0% | volatile |
| 152 | Benin | 0.3% | 2019 | down 26.3% | falling |
| 153 | Turkmenistan | 0.3% | 2011 | up 158.9% | rising |
| 154 | Yemen | 0.3% | 2020 | up 15.3% | falling |
| 155 | Mauritania | 0.3% | 2020 | up 11,523.8% | volatile |
| 156 | Democratic Republic of Congo | 0.2% | 2015 | up 72.0% | rising |
| 157 | Pakistan | 0.2% | 2020 | down 17.1% | falling |
| 158 | Libya | 0.2% | 2012 | down 57.3% | falling |
| 159 | Eritrea | 0.2% | 2019 | down 62.4% | falling |
| 160 | Kyrgyzstan | 0.2% | 2020 | down 2.1% | rising |
| 161 | Nigeria | 0.2% | 2018 | down 41.1% | falling |
| 162 | Bangladesh | 0.2% | 2019 | down 6.0% | rising |
| 163 | Chad | 0.1% | 2018 | up 30.3% | falling |
| 164 | Equatorial Guinea | 0.1% | 2016 | up 276.1% | rising |
| 165 | Syria | 0.1% | 2019 | down 90.0% | falling |
| 166 | Guinea | 0.0% | 2016 | up 251.0% | volatile |
| 167 | Venezuela | 0.0% | 2019 | down 99.8% | rising |
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.