Non-life insurance premium volume to GDP in Benin
Benin: Non-life insurance premium volume to GDP was 0.3% in 2019. ▼ Falling
Non-life insurance premium volume to GDP in Benin, 1993–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2019, non-life insurance premium volume to gdp in Benin stood at 0.3%. That is the lowest value across all 27 years on record.
The figure is down 6.1% on the previous year and down 26.3% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Benin peaked at 0.4% in 2001 and was at its lowest, 0.3%, in 2019.
That places Benin 152nd out of 167 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Non-life insurance premium volume to GDP in Benin, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 0.4% | — |
| 1994 | 0.4% | -13.4% |
| 1995 | 0.3% | -2.0% |
| 1996 | 0.4% | +7.1% |
| 1997 | 0.4% | -1.6% |
| 1998 | 0.4% | -0.6% |
| 1999 | 0.4% | -2.6% |
| 2000 | 0.3% | -6.2% |
| 2001 | 0.4% | +31.9% |
| 2002 | 0.4% | -1.4% |
| 2003 | 0.4% | +0.7% |
| 2004 | 0.4% | -7.1% |
| 2005 | 0.4% | -8.3% |
| 2006 | 0.4% | +1.8% |
| 2007 | 0.4% | +0.5% |
| 2008 | 0.4% | +2.2% |
| 2009 | 0.4% | -3.9% |
| 2010 | 0.4% | -3.3% |
| 2011 | 0.3% | -8.8% |
| 2012 | 0.3% | -12.8% |
| 2013 | 0.4% | +29.9% |
| 2014 | 0.3% | -19.9% |
| 2015 | 0.3% | +5.2% |
| 2016 | 0.3% | +0.7% |
| 2017 | 0.3% | -9.1% |
| 2018 | 0.3% | +1.9% |
| 2019 | 0.3% | -6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4% | 0.3% | 0.4% | 7 |
| 2000s | 0.4% | 0.3% | 0.4% | 10 |
| 2010s | 0.3% | 0.3% | 0.4% | 10 |
Countries ranked near Benin
- 149 Angola 0.3% compare
- 150 Tajikistan 0.3% compare
- 151 Myanmar 0.3% compare
- 153 Turkmenistan 0.3% compare
- 154 Yemen 0.3% compare
- 155 Mauritania 0.3% compare
More financial sector data for Benin
- Net domestic credit (current LCU), per capita 226,044 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 136.31 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.87 % change on previous year (2025)
- Reserve tranche position, SDR, per capita 1.24 units per person (2025)
- Reserve tranche position, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve tranche position, US dollar, per capita 1.7 units per person (2025)
- Domestic credit to private sector by banks 19.7% (2025)
- Net domestic credit 3.35 trillion current LCU (2025)
- Net foreign assets 2.25 trillion current LCU (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Benin?
- Non-life insurance premium volume to gdp in Benin was 0.3% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Benin?
- The highest recorded value was 0.4% in 2001.
- What is the lowest non-life insurance premium volume to gdp recorded in Benin?
- The lowest recorded value was 0.3% in 2019.
- How does Benin rank for non-life insurance premium volume to gdp?
- Benin ranks 152nd out of 167 countries with data for 2019.
- Is non-life insurance premium volume to gdp rising or falling in Benin?
- Over the last ten years it is down 26.3%. The long-run trend across the full record is falling.
- Where does this Benin 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.