Non-life insurance premium volume to GDP in Hungary
Hungary: Non-life insurance premium volume to GDP was 1.3% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Hungary, 1995–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Hungary recorded 1.3% for non-life insurance premium volume to gdp in 2020.
That represents a change of up 6.9% on the previous year and down 3.2% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Hungary peaked at 1.7% in 2003 and was at its lowest, 1.1%, in 2014.
Hungary ranks 59th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Non-life insurance premium volume to GDP in Hungary, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 1.4% | — |
| 1996 | 1.1% | -20.7% |
| 1997 | 1.4% | +26.0% |
| 1998 | 1.3% | -7.9% |
| 1999 | 1.5% | +11.0% |
| 2000 | 1.5% | +1.2% |
| 2001 | 1.5% | +2.5% |
| 2002 | 1.6% | +6.1% |
| 2003 | 1.7% | +4.4% |
| 2004 | 1.6% | -3.8% |
| 2005 | 1.6% | +1.0% |
| 2006 | 1.6% | -2.6% |
| 2007 | 1.6% | -2.6% |
| 2008 | 1.5% | -4.1% |
| 2009 | 1.5% | -0.8% |
| 2010 | 1.4% | -7.7% |
| 2011 | 1.2% | -10.6% |
| 2012 | 1.2% | -5.3% |
| 2013 | 1.1% | -3.1% |
| 2014 | 1.1% | -5.0% |
| 2015 | 1.1% | +1.9% |
| 2016 | 1.1% | +5.5% |
| 2017 | 1.2% | +2.1% |
| 2018 | 1.2% | -0.9% |
| 2019 | 1.2% | +6.9% |
| 2020 | 1.3% | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.4% | 1.1% | 1.5% | 5 |
| 2000s | 1.6% | 1.5% | 1.7% | 10 |
| 2010s | 1.2% | 1.1% | 1.4% | 10 |
| 2020s | 1.3% | 1.3% | 1.3% | 1 |
Countries ranked near Hungary
More financial sector data for Hungary
- Net domestic credit (current LCU), per capita 4.99 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 214.29 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 9.38 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 123.80 million SDR (2025)
- Gold reserves at market value 11.28 billion SDR (2025)
- Reserves excluding gold, foreign exchange 29.95 billion SDR (2025)
- Reserves excluding gold 31.87 billion SDR (2025)
- Total reserves (gold at market value) 43.15 billion SDR (2025)
- Total reserves (gold at national valuation) 43.04 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,524 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Hungary?
- Non-life insurance premium volume to gdp in Hungary was 1.3% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Hungary?
- The highest recorded value was 1.7% in 2003.
- What is the lowest non-life insurance premium volume to gdp recorded in Hungary?
- The lowest recorded value was 1.1% in 2014.
- How does Hungary rank for non-life insurance premium volume to gdp?
- Hungary ranks 59th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Hungary?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is falling.
- Where does this Hungary 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.