Non-life insurance premium volume to GDP in Australia
Australia: Non-life insurance premium volume to GDP was 2.2% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Australia, 1991–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Australia recorded 2.2% for non-life insurance premium volume to gdp in 2020.
That represents a change of up 3.7% on the previous year and up 8.3% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Australia peaked at 3.4% in 1996 and was at its lowest, 2.1%, in 2011.
That places Australia 20th out of 167 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Non-life insurance premium volume to GDP in Australia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 2.7% | — |
| 1992 | 2.9% | +7.5% |
| 1993 | 3.1% | +8.9% |
| 1994 | 3.4% | +9.0% |
| 1995 | 3.3% | -2.6% |
| 1996 | 3.4% | +3.7% |
| 1997 | 3.3% | -5.2% |
| 1998 | 3.0% | -7.8% |
| 1999 | 3.2% | +7.8% |
| 2000 | 3.0% | -5.9% |
| 2001 | 3.2% | +3.7% |
| 2002 | 2.7% | -14.8% |
| 2003 | 2.7% | -1.5% |
| 2004 | 2.5% | -6.2% |
| 2005 | 2.4% | -4.1% |
| 2006 | 2.3% | -4.2% |
| 2007 | 2.2% | -5.4% |
| 2008 | 2.1% | -4.9% |
| 2009 | 2.2% | +5.6% |
| 2010 | 2.1% | -4.8% |
| 2011 | 2.1% | -0.7% |
| 2012 | 2.2% | +5.6% |
| 2013 | 2.3% | +3.7% |
| 2014 | 2.2% | -1.6% |
| 2015 | 2.2% | -0.3% |
| 2016 | 2.2% | -0.4% |
| 2017 | 2.1% | -2.7% |
| 2018 | 2.1% | -1.0% |
| 2019 | 2.2% | +2.0% |
| 2020 | 2.2% | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.1% | 2.7% | 3.4% | 9 |
| 2000s | 2.5% | 2.1% | 3.2% | 10 |
| 2010s | 2.2% | 2.1% | 2.3% | 10 |
| 2020s | 2.2% | 2.2% | 2.2% | 1 |
Countries ranked near Australia
More financial sector data for Australia
- Net domestic credit (current LCU), per capita 215,929 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 3.32 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.66 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 84.28 million SDR (2025)
- Gold reserves at market value 7.68 billion SDR (2025)
- Reserves excluding gold, foreign exchange 32.83 billion SDR (2025)
- Reserves excluding gold 45.36 billion SDR (2025)
- Total reserves (gold at market value) 53.04 billion SDR (2025)
- Total reserves (gold at national valuation) 53.03 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,921 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Australia?
- Non-life insurance premium volume to gdp in Australia was 2.2% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Australia?
- The highest recorded value was 3.4% in 1996.
- What is the lowest non-life insurance premium volume to gdp recorded in Australia?
- The lowest recorded value was 2.1% in 2011.
- How does Australia rank for non-life insurance premium volume to gdp?
- Australia ranks 20th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Australia?
- Over the last ten years it is up 8.3%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Sigma Reports, Swiss Re, published as part of Non-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.