Non-life insurance premium volume to GDP in Belize
Belize: Non-life insurance premium volume to GDP was 3.1% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Belize, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Belize recorded 3.1% for non-life insurance premium volume to gdp in 2020.
The figure is up 8.1% on the previous year and up 12.4% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Belize peaked at 3.2% in 2003 and was at its lowest, 1.3%, in 1996.
That places Belize 9th out of 167 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 28 years of available data.
Non-life insurance premium volume to GDP in Belize, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 1.3% | — |
| 1994 | 1.3% | +0.8% |
| 1995 | 1.3% | -2.5% |
| 1996 | 1.3% | -2.1% |
| 1997 | 1.4% | +5.9% |
| 1998 | 1.4% | +2.3% |
| 1999 | 2.0% | +45.5% |
| 2000 | 2.4% | +18.4% |
| 2001 | 2.7% | +12.1% |
| 2002 | 2.9% | +8.8% |
| 2003 | 3.2% | +8.7% |
| 2004 | 3.0% | -5.5% |
| 2005 | 2.8% | -6.9% |
| 2006 | 3.0% | +5.5% |
| 2007 | 3.0% | +3.3% |
| 2008 | 3.0% | -2.7% |
| 2009 | 3.0% | +0.7% |
| 2010 | 2.8% | -6.3% |
| 2011 | 2.7% | -2.1% |
| 2012 | 2.6% | -3.6% |
| 2013 | 2.6% | -1.5% |
| 2014 | 2.5% | -2.0% |
| 2015 | 2.5% | -0.8% |
| 2016 | 2.6% | +1.4% |
| 2017 | 2.5% | -1.1% |
| 2018 | 2.7% | +7.1% |
| 2019 | 2.9% | +7.3% |
| 2020 | 3.1% | +8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.4% | 1.3% | 2.0% | 7 |
| 2000s | 2.9% | 2.4% | 3.2% | 10 |
| 2010s | 2.7% | 2.5% | 2.9% | 10 |
| 2020s | 3.1% | 3.1% | 3.1% | 1 |
Countries ranked near Belize
More financial sector data for Belize
- Total reserves in months of imports, annual growth rate 9.58 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 7.86 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1097 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 863.07 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 6.95 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 965.87 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 6.95 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 965.87 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Belize?
- Non-life insurance premium volume to gdp in Belize was 3.1% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Belize?
- The highest recorded value was 3.2% in 2003.
- What is the lowest non-life insurance premium volume to gdp recorded in Belize?
- The lowest recorded value was 1.3% in 1996.
- How does Belize rank for non-life insurance premium volume to gdp?
- Belize ranks 9th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Belize?
- Over the last ten years it is up 12.4%. The long-run trend across the full record is rising.
- Where does this Belize 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.