Non-life insurance premium volume to GDP in Canada
Canada: Non-life insurance premium volume to GDP was 3.3% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Canada, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, non-life insurance premium volume to gdp in Canada stood at 3.3%. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 20.3% on the previous year and up 43.8% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Canada peaked at 3.3% in 2020 and was at its lowest, 2.1%, in 2000.
That places Canada 6th out of 167 countries with data for 2020, putting it 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 Canada, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 2.3% | — |
| 1991 | 2.3% | +2.2% |
| 1992 | 2.4% | +0.9% |
| 1993 | 2.4% | +0.9% |
| 1994 | 2.4% | -0.7% |
| 1995 | 2.5% | +4.0% |
| 1996 | 2.4% | -1.5% |
| 1997 | 2.3% | -3.4% |
| 1998 | 2.3% | -2.8% |
| 1999 | 2.2% | -5.1% |
| 2000 | 2.1% | -3.2% |
| 2001 | 2.2% | +6.9% |
| 2002 | 2.5% | +12.0% |
| 2003 | 2.8% | +10.3% |
| 2004 | 2.8% | +0.6% |
| 2005 | 2.6% | -5.7% |
| 2006 | 2.6% | -1.5% |
| 2007 | 2.3% | -12.5% |
| 2008 | 2.2% | -4.2% |
| 2009 | 2.3% | +8.1% |
| 2010 | 2.3% | -1.6% |
| 2011 | 2.4% | +3.8% |
| 2012 | 2.5% | +4.6% |
| 2013 | 2.6% | +2.3% |
| 2014 | 2.6% | -0.5% |
| 2015 | 2.7% | +4.3% |
| 2016 | 2.7% | +2.1% |
| 2017 | 2.7% | -1.5% |
| 2018 | 2.6% | -1.2% |
| 2019 | 2.8% | +4.4% |
| 2020 | 3.3% | +20.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.3% | 2.2% | 2.5% | 10 |
| 2000s | 2.4% | 2.1% | 2.8% | 10 |
| 2010s | 2.6% | 2.3% | 2.8% | 10 |
| 2020s | 3.3% | 3.3% | 3.3% | 1 |
Countries ranked near Canada
- 3 South Korea 4.6% compare
- 4 Antigua and Barbuda 4.2% compare
- 5 United States 3.4% compare
- 7 Bahamas 3.3% compare
- 8 Saint Lucia 3.2% compare
- 9 Belize 3.1% compare
More financial sector data for Canada
- Net domestic credit (current LCU), per capita 85,674 current LCU per person (2008)
- Net domestic credit (current LCU), per unit of GDP 1.83 current LCU per US$ of GDP (2008)
- Net domestic credit (current LCU), annual growth rate 20.77 % change on previous year (2008)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 71.85 billion SDR (2025)
- Reserves excluding gold 91.73 billion SDR (2025)
- Total reserves (gold at market value) 91.73 billion SDR (2025)
- Total reserves (gold at national valuation) 91.73 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,202 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Canada?
- Non-life insurance premium volume to gdp in Canada was 3.3% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Canada?
- The highest recorded value was 3.3% in 2020.
- What is the lowest non-life insurance premium volume to gdp recorded in Canada?
- The lowest recorded value was 2.1% in 2000.
- How does Canada rank for non-life insurance premium volume to gdp?
- Canada ranks 6th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Canada?
- Over the last ten years it is up 43.8%. The long-run trend across the full record is rising.
- Where does this Canada 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.