Non-life insurance premium volume to GDP in Burkina Faso
Burkina Faso: Non-life insurance premium volume to GDP was 0.7% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Burkina Faso, 1999–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Burkina Faso recorded 0.7% for non-life insurance premium volume to gdp in 2020. That is the highest value across all 22 years on record.
That represents a change of up 46.8% on the previous year and up 66.7% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Burkina Faso peaked at 0.7% in 2020 and was at its lowest, 0.3%, in 2012.
That places Burkina Faso 110th out of 167 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 22 years of available data.
Non-life insurance premium volume to GDP in Burkina Faso, year by year
| Year | % | Change |
|---|---|---|
| 1999 | 0.5% | — |
| 2000 | 0.4% | -2.4% |
| 2001 | 0.4% | -9.8% |
| 2002 | 0.4% | +4.0% |
| 2003 | 0.4% | +4.1% |
| 2004 | 0.4% | -1.8% |
| 2005 | 0.4% | -6.0% |
| 2006 | 0.4% | -4.5% |
| 2007 | 0.4% | +2.9% |
| 2008 | 0.4% | -10.3% |
| 2009 | 0.4% | +7.9% |
| 2010 | 0.4% | +3.1% |
| 2011 | 0.4% | -11.4% |
| 2012 | 0.3% | -2.5% |
| 2013 | 0.4% | +4.1% |
| 2014 | 0.4% | -0.8% |
| 2015 | 0.4% | +16.9% |
| 2016 | 0.4% | +3.3% |
| 2017 | 0.4% | -0.4% |
| 2018 | 0.4% | -2.9% |
| 2019 | 0.4% | +9.2% |
| 2020 | 0.7% | +46.8% |
Burkina Faso compared with similar countries
- Burkina Faso's 0.7% is above the median for low income countries, which is 0.4%, 1.8× the median. (19 countries reporting)
- Burkina Faso's 0.7% is above the median for Sub-Saharan Africa, which is 0.5%, 1.3× the median. (41 countries reporting)
Biggest year-on-year movements
Years where Non-life insurance premium volume to GDP in Burkina Faso changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +46.8% | 0.4% | 0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5% | 0.5% | 0.5% | 1 |
| 2000s | 0.4% | 0.4% | 0.4% | 10 |
| 2010s | 0.4% | 0.3% | 0.4% | 10 |
| 2020s | 0.7% | 0.7% | 0.7% | 1 |
Countries ranked near Burkina Faso
More financial sector data for Burkina Faso
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.34 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.9818 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.34 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Burkina Faso?
- Non-life insurance premium volume to gdp in Burkina Faso was 0.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Burkina Faso?
- The highest recorded value was 0.7% in 2020.
- What is the lowest non-life insurance premium volume to gdp recorded in Burkina Faso?
- The lowest recorded value was 0.3% in 2012.
- How does Burkina Faso rank for non-life insurance premium volume to gdp?
- Burkina Faso ranks 110th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Burkina Faso?
- Over the last ten years it is up 66.7%. The long-run trend across the full record is rising.
- Where does this Burkina Faso 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.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.