Non-life insurance premium volume to GDP in Barbados
Barbados: Non-life insurance premium volume to GDP was 5.1% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Barbados, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Barbados recorded 5.1% for non-life insurance premium volume to gdp in 2020.
The figure is up 8.2% on the previous year and up 11.8% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Barbados peaked at 5.1% in 2013 and was at its lowest, 2.8%, in 2009.
Barbados ranks 1st of 167 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Non-life insurance premium volume to GDP in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 3.0% | — |
| 1991 | 3.7% | +24.0% |
| 1992 | 4.0% | +7.9% |
| 1993 | 4.6% | +14.5% |
| 1994 | 4.6% | +0.6% |
| 1995 | 4.5% | -3.5% |
| 1996 | 4.0% | -11.4% |
| 1997 | 3.7% | -6.5% |
| 1998 | 3.4% | -8.0% |
| 1999 | 3.7% | +8.1% |
| 2000 | 3.9% | +5.5% |
| 2001 | 4.2% | +9.4% |
| 2002 | 4.7% | +9.8% |
| 2003 | 4.5% | -4.1% |
| 2004 | 4.4% | -1.3% |
| 2005 | 4.5% | +1.7% |
| 2006 | 4.7% | +5.4% |
| 2007 | 4.4% | -6.5% |
| 2008 | 4.2% | -5.5% |
| 2009 | 2.8% | -33.0% |
| 2010 | 4.5% | +61.6% |
| 2011 | 4.5% | -0.3% |
| 2012 | 4.3% | -4.6% |
| 2013 | 5.1% | +17.9% |
| 2014 | 4.9% | -2.5% |
| 2015 | 4.6% | -6.3% |
| 2016 | 4.4% | -5.0% |
| 2017 | 4.2% | -3.4% |
| 2018 | 4.4% | +2.7% |
| 2019 | 4.7% | +7.1% |
| 2020 | 5.1% | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.9% | 3.0% | 4.6% | 10 |
| 2000s | 4.2% | 2.8% | 4.7% | 10 |
| 2010s | 4.6% | 4.2% | 5.1% | 10 |
| 2020s | 5.1% | 5.1% | 5.1% | 1 |
Countries ranked near Barbados
- 2 Luxembourg 4.8% compare
- 3 Republic of Korea 4.6% compare
- 4 Antigua and Barbuda 4.2% compare
More financial sector data for Barbados
- Net domestic credit (current LCU), per capita 42,954 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.68 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate 1.79 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 1.22 billion SDR (2024)
- Reserves excluding gold 1.27 billion SDR (2024)
- Total reserves (gold at market value) 1.27 billion SDR (2024)
- Total reserves (gold at national valuation) 1.27 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 4,489 SDR per person (2024)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Barbados?
- Non-life insurance premium volume to gdp in Barbados was 5.1% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Barbados?
- The highest recorded value was 5.1% in 2013.
- What is the lowest non-life insurance premium volume to gdp recorded in Barbados?
- The lowest recorded value was 2.8% in 2009.
- How does Barbados rank for non-life insurance premium volume to gdp?
- Barbados ranks 1st out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Barbados?
- Over the last ten years it is up 11.8%. The long-run trend across the full record is rising.
- Where does this Barbados 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.