Non-life insurance premium volume to GDP in Ecuador
Ecuador: Non-life insurance premium volume to GDP was 1.5% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Ecuador, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for non-life insurance premium volume to gdp in Ecuador is 1.5%, measured in 2020.
That represents a change of up 6.9% on the previous year and up 4.3% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Ecuador peaked at 1.8% in 2014 and was at its lowest, 0.7%, in 1990.
Ecuador ranks 51st of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Non-life insurance premium volume to GDP in Ecuador, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.7% | — |
| 1991 | 0.8% | +4.3% |
| 1992 | 0.8% | +2.0% |
| 1993 | 0.9% | +10.8% |
| 1994 | 1.0% | +9.9% |
| 1995 | 1.0% | +0.2% |
| 1996 | 0.9% | -10.3% |
| 1997 | 0.8% | -8.2% |
| 1998 | 0.8% | -0.8% |
| 1999 | 0.9% | +9.0% |
| 2000 | 1.0% | +14.6% |
| 2001 | 1.1% | +10.7% |
| 2002 | 1.2% | +9.6% |
| 2003 | 1.1% | -3.6% |
| 2004 | 1.0% | -8.6% |
| 2005 | 1.2% | +11.1% |
| 2006 | 1.2% | +1.3% |
| 2007 | 1.2% | -1.0% |
| 2008 | 1.3% | +11.4% |
| 2009 | 1.4% | +5.5% |
| 2010 | 1.4% | +3.2% |
| 2011 | 1.5% | +6.5% |
| 2012 | 1.5% | +0.3% |
| 2013 | 1.6% | +7.7% |
| 2014 | 1.8% | +9.5% |
| 2015 | 1.8% | -1.5% |
| 2016 | 1.5% | -12.1% |
| 2017 | 1.4% | -12.2% |
| 2018 | 1.3% | -1.8% |
| 2019 | 1.4% | +3.8% |
| 2020 | 1.5% | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8% | 0.7% | 1.0% | 10 |
| 2000s | 1.2% | 1.0% | 1.4% | 10 |
| 2010s | 1.5% | 1.3% | 1.8% | 10 |
| 2020s | 1.5% | 1.5% | 1.5% | 1 |
Countries ranked near Ecuador
More financial sector data for Ecuador
- Net domestic credit (current LCU), per capita 4,540 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 0.6372 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 10.18 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 29.57 million SDR (2025)
- Gold reserves at market value 2.69 billion SDR (2025)
- Reserves excluding gold, foreign exchange 4.43 billion SDR (2025)
- Reserves excluding gold 4.46 billion SDR (2025)
- Total reserves (gold at market value) 7.15 billion SDR (2025)
- Total reserves (gold at national valuation) 7.15 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 391.17 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Ecuador?
- Non-life insurance premium volume to gdp in Ecuador was 1.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Ecuador?
- The highest recorded value was 1.8% in 2014.
- What is the lowest non-life insurance premium volume to gdp recorded in Ecuador?
- The lowest recorded value was 0.7% in 1990.
- How does Ecuador rank for non-life insurance premium volume to gdp?
- Ecuador ranks 51st out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Ecuador?
- Over the last ten years it is up 4.3%. The long-run trend across the full record is rising.
- Where does this Ecuador 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 — 31 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.