Non-life insurance premium volume to GDP in China
China: Non-life insurance premium volume to GDP was 1.2% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in China, 1992–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, non-life insurance premium volume to gdp in China stood at 1.2%.
The figure is down 0.1% on the previous year and up 23.1% over ten years.
Over the whole period, non-life insurance premium volume to gdp in China peaked at 1.2% in 2017 and was at its lowest, 0.6%, in 1999.
China ranks 70th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Non-life insurance premium volume to GDP in China, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 0.6% | — |
| 1993 | 0.6% | -0.1% |
| 1994 | 0.6% | +3.8% |
| 1995 | 0.6% | -3.8% |
| 1996 | 0.6% | +4.2% |
| 1997 | 0.6% | -3.1% |
| 1998 | 0.6% | -1.4% |
| 1999 | 0.6% | -2.2% |
| 2000 | 0.6% | +3.3% |
| 2001 | 0.6% | +2.8% |
| 2002 | 0.6% | +1.8% |
| 2003 | 0.6% | -1.0% |
| 2004 | 0.7% | +7.1% |
| 2005 | 0.7% | -2.9% |
| 2006 | 0.7% | +4.9% |
| 2007 | 0.7% | +7.3% |
| 2008 | 0.7% | -0.4% |
| 2009 | 0.8% | +12.6% |
| 2010 | 1.0% | +15.3% |
| 2011 | 1.0% | +0.1% |
| 2012 | 1.0% | +3.6% |
| 2013 | 1.0% | +5.4% |
| 2014 | 1.1% | +7.0% |
| 2015 | 1.2% | +3.6% |
| 2016 | 1.2% | +1.6% |
| 2017 | 1.2% | +1.5% |
| 2018 | 1.2% | -0.8% |
| 2019 | 1.2% | -0.5% |
| 2020 | 1.2% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | 0.6% | 0.6% | 8 |
| 2000s | 0.7% | 0.6% | 0.8% | 10 |
| 2010s | 1.1% | 1.0% | 1.2% | 10 |
| 2020s | 1.2% | 1.2% | 1.2% | 1 |
Countries ranked near China
More financial sector data for China
- Net domestic credit (current LCU), per capita 250,718 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 18.86 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 8.43 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 2.60 billion SDR (2025)
- Gold reserves at market value 236.49 billion SDR (2025)
- Reserves excluding gold, foreign exchange 2.45 trillion SDR (2025)
- Reserves excluding gold 2.50 trillion SDR (2025)
- Total reserves (gold at market value) 2.74 trillion SDR (2025)
- Total reserves (gold at national valuation) 2.73 trillion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,944 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in China?
- Non-life insurance premium volume to gdp in China was 1.2% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in China?
- The highest recorded value was 1.2% in 2017.
- What is the lowest non-life insurance premium volume to gdp recorded in China?
- The lowest recorded value was 0.6% in 1999.
- How does China rank for non-life insurance premium volume to gdp?
- China ranks 70th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in China?
- Over the last ten years it is up 23.1%. The long-run trend across the full record is rising.
- Where does this China 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.