Non-life insurance premium volume to GDP in Georgia
Georgia: Non-life insurance premium volume to GDP was 0.7% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Georgia, 1997–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, non-life insurance premium volume to gdp in Georgia stood at 0.7%. That is the highest value across all 24 years on record.
That represents a change of up 0.9% on the previous year and up 46.0% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Georgia peaked at 0.7% in 2020 and was at its lowest, 0.1%, in 1997.
That places Georgia 109th 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 24 years of available data.
Non-life insurance premium volume to GDP in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 0.1% | — |
| 1998 | 0.1% | +95.4% |
| 1999 | 0.2% | +41.9% |
| 2000 | 0.2% | +11.7% |
| 2001 | 0.3% | +17.7% |
| 2002 | 0.3% | -3.7% |
| 2003 | 0.3% | +32.6% |
| 2004 | 0.3% | -0.8% |
| 2005 | 0.4% | +10.7% |
| 2006 | 0.3% | -11.1% |
| 2007 | 0.4% | +16.1% |
| 2008 | 0.5% | +27.0% |
| 2009 | 0.6% | +11.7% |
| 2010 | 0.5% | -16.7% |
| 2011 | 0.5% | -1.3% |
| 2012 | 0.5% | +3.7% |
| 2013 | 0.4% | -7.9% |
| 2014 | 0.6% | +39.7% |
| 2015 | 0.5% | -16.2% |
| 2016 | 0.5% | -0.0% |
| 2017 | 0.5% | +0.6% |
| 2018 | 0.6% | +21.5% |
| 2019 | 0.7% | +7.3% |
| 2020 | 0.7% | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.1% | 0.2% | 3 |
| 2000s | 0.4% | 0.2% | 0.6% | 10 |
| 2010s | 0.5% | 0.4% | 0.7% | 10 |
| 2020s | 0.7% | 0.7% | 0.7% | 1 |
Countries ranked near Georgia
More financial sector data for Georgia
- Net domestic credit (current LCU), per capita 19,315 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 1.99 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.13 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 8.03 million SDR (2025)
- Gold reserves at market value 731.88 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.42 billion SDR (2025)
- Reserves excluding gold 3.76 billion SDR (2025)
- Total reserves (gold at market value) 4.50 billion SDR (2025)
- Total reserves (gold at national valuation) 4.50 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,142 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Georgia?
- Non-life insurance premium volume to gdp in Georgia was 0.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Georgia?
- The highest recorded value was 0.7% in 2020.
- What is the lowest non-life insurance premium volume to gdp recorded in Georgia?
- The lowest recorded value was 0.1% in 1997.
- How does Georgia rank for non-life insurance premium volume to gdp?
- Georgia ranks 109th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Georgia?
- Over the last ten years it is up 46.0%. The long-run trend across the full record is rising.
- Where does this Georgia 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 — 24 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.