Non-life insurance premium volume to GDP in Cyprus
Cyprus: Non-life insurance premium volume to GDP was 1.7% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Cyprus, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, non-life insurance premium volume to gdp in Cyprus stood at 1.7%.
Compared with earlier readings it is up 8.8% on the previous year and down 9.1% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Cyprus peaked at 1.9% in 2007 and was at its lowest, 1.3%, in 1990.
Cyprus ranks 35th of 167 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Non-life insurance premium volume to GDP in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.3% | — |
| 1991 | 1.4% | +7.9% |
| 1992 | 1.5% | +10.4% |
| 1993 | 1.5% | +2.0% |
| 1994 | 1.5% | -1.2% |
| 1995 | 1.5% | -1.1% |
| 1996 | 1.6% | +5.4% |
| 1997 | 1.6% | +3.7% |
| 1998 | 1.6% | -1.5% |
| 1999 | 1.6% | -4.1% |
| 2000 | 1.6% | +0.3% |
| 2001 | 1.6% | +0.2% |
| 2002 | 1.7% | +6.0% |
| 2003 | 1.9% | +14.2% |
| 2004 | 1.9% | -1.5% |
| 2005 | 1.9% | +2.6% |
| 2006 | 1.9% | +0.8% |
| 2007 | 1.9% | +0.3% |
| 2008 | 1.7% | -11.4% |
| 2009 | 1.9% | +8.1% |
| 2010 | 1.8% | -0.4% |
| 2011 | 1.8% | -1.1% |
| 2012 | 1.8% | +1.4% |
| 2013 | 1.9% | +0.2% |
| 2014 | 1.9% | +0.0% |
| 2015 | 1.8% | -3.7% |
| 2016 | 1.7% | -4.9% |
| 2017 | 1.6% | -3.4% |
| 2018 | 1.6% | -0.4% |
| 2019 | 1.5% | -5.7% |
| 2020 | 1.7% | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.5% | 1.3% | 1.6% | 10 |
| 2000s | 1.8% | 1.6% | 1.9% | 10 |
| 2010s | 1.8% | 1.5% | 1.9% | 10 |
| 2020s | 1.7% | 1.7% | 1.7% | 1 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Net domestic credit (current LCU), per capita 18,337 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.6618 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -0.4317 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 15.61 million SDR (2025)
- Gold reserves at market value 1.42 billion SDR (2025)
- Reserves excluding gold, foreign exchange 216.14 million SDR (2025)
- Reserves excluding gold 729.85 million SDR (2025)
- Total reserves (gold at market value) 2.15 billion SDR (2025)
- Total reserves (gold at national valuation) 2.13 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,557 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Cyprus?
- Non-life insurance premium volume to gdp in Cyprus was 1.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Cyprus?
- The highest recorded value was 1.9% in 2007.
- What is the lowest non-life insurance premium volume to gdp recorded in Cyprus?
- The lowest recorded value was 1.3% in 1990.
- How does Cyprus rank for non-life insurance premium volume to gdp?
- Cyprus ranks 35th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Cyprus?
- Over the last ten years it is down 9.1%. The long-run trend across the full record is rising.
- Where does this Cyprus 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.