Non-life insurance premium volume to GDP in Ghana
Ghana: Non-life insurance premium volume to GDP was 0.5% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Ghana, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Ghana recorded 0.5% for non-life insurance premium volume to gdp in 2020.
Compared with earlier readings it is up 12.0% on the previous year and up 14.6% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Ghana peaked at 0.5% in 2012 and was at its lowest, 0.1%, in 1991.
That places Ghana 125th 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 31 years of available data.
Non-life insurance premium volume to GDP in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.2% | — |
| 1991 | 0.1% | -11.7% |
| 1992 | 0.2% | +13.9% |
| 1993 | 0.2% | +21.8% |
| 1994 | 0.2% | -4.4% |
| 1995 | 0.2% | -0.1% |
| 1996 | 0.2% | -0.1% |
| 1997 | 0.2% | +13.1% |
| 1998 | 0.3% | +29.6% |
| 1999 | 0.3% | +9.0% |
| 2000 | 0.3% | +2.2% |
| 2001 | 0.3% | -4.6% |
| 2002 | 0.3% | +8.3% |
| 2003 | 0.4% | +12.7% |
| 2004 | 0.4% | +2.8% |
| 2005 | 0.4% | +6.6% |
| 2006 | 0.4% | +5.3% |
| 2007 | 0.4% | +3.0% |
| 2008 | 0.5% | +2.9% |
| 2009 | 0.5% | -1.0% |
| 2010 | 0.4% | -3.8% |
| 2011 | 0.4% | -3.4% |
| 2012 | 0.5% | +18.9% |
| 2013 | 0.5% | -6.4% |
| 2014 | 0.4% | -10.0% |
| 2015 | 0.5% | +11.7% |
| 2016 | 0.5% | +5.0% |
| 2017 | 0.5% | -6.9% |
| 2018 | 0.4% | -6.8% |
| 2019 | 0.4% | +3.8% |
| 2020 | 0.5% | +12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2% | 0.1% | 0.3% | 10 |
| 2000s | 0.4% | 0.3% | 0.5% | 10 |
| 2010s | 0.5% | 0.4% | 0.5% | 10 |
| 2020s | 0.5% | 0.5% | 0.5% | 1 |
Countries ranked near Ghana
More financial sector data for Ghana
- Net domestic credit (current LCU), per capita 7,823 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 3.23 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 13.42 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 9.84 million SDR (2023)
- Gold reserves at market value 431.95 million SDR (2023)
- Reserves excluding gold, foreign exchange 3.34 billion SDR (2024)
- Reserves excluding gold 3.43 billion SDR (2024)
- Total reserves (gold at market value) 3.43 billion SDR (2024)
- Total reserves (gold at national valuation) 5.36 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 155.67 SDR per person (2024)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Ghana?
- Non-life insurance premium volume to gdp in Ghana was 0.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Ghana?
- The highest recorded value was 0.5% in 2012.
- What is the lowest non-life insurance premium volume to gdp recorded in Ghana?
- The lowest recorded value was 0.1% in 1991.
- How does Ghana rank for non-life insurance premium volume to gdp?
- Ghana ranks 125th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Ghana?
- Over the last ten years it is up 14.6%. The long-run trend across the full record is rising.
- Where does this Ghana 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.