Non-life insurance premium volume to GDP in Jamaica
Jamaica: Non-life insurance premium volume to GDP was 2.6% in 2019. ▼ Falling
Non-life insurance premium volume to GDP in Jamaica, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Jamaica recorded 2.6% for non-life insurance premium volume to gdp in 2019.
Compared with earlier readings it is up 10.6% on the previous year and up 14.2% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Jamaica peaked at 3.6% in 1994 and was at its lowest, 2.1%, in 2013.
That places Jamaica 14th out of 167 countries with data for 2019, putting it in the top 10%.
The long-run direction has been consistently falling across the 30 years of available data.
Non-life insurance premium volume to GDP in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 3.1% | — |
| 1991 | 2.7% | -12.7% |
| 1992 | 2.6% | -4.9% |
| 1993 | 3.5% | +35.0% |
| 1994 | 3.6% | +3.4% |
| 1995 | 3.0% | -16.5% |
| 1996 | 2.7% | -9.2% |
| 1997 | 2.3% | -15.5% |
| 1998 | 2.1% | -9.5% |
| 1999 | 2.1% | +1.8% |
| 2000 | 2.3% | +7.6% |
| 2001 | 2.6% | +11.2% |
| 2002 | 2.8% | +8.3% |
| 2003 | 2.7% | -3.7% |
| 2004 | 2.3% | -13.6% |
| 2005 | 2.6% | +14.7% |
| 2006 | 2.5% | -5.8% |
| 2007 | 2.5% | +0.2% |
| 2008 | 2.3% | -6.8% |
| 2009 | 2.3% | -1.4% |
| 2010 | 2.3% | -1.5% |
| 2011 | 2.2% | -0.8% |
| 2012 | 2.3% | +1.8% |
| 2013 | 2.1% | -8.0% |
| 2014 | 2.3% | +7.9% |
| 2015 | 2.3% | +2.7% |
| 2016 | 2.2% | -3.4% |
| 2017 | 2.3% | +1.3% |
| 2018 | 2.4% | +4.3% |
| 2019 | 2.6% | +10.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 2.1% | 3.6% | 10 |
| 2000s | 2.5% | 2.3% | 2.8% | 10 |
| 2010s | 2.3% | 2.1% | 2.6% | 10 |
Countries ranked near Jamaica
- 11 Grenada 3.0% compare
- 12 South Africa 2.9% compare
- 13 Saint Vincent and the Grenadines 2.8% compare
- 15 Trinidad and Tobago 2.6% compare
- 16 France 2.4% compare
- 17 Austria 2.4% compare
More financial sector data for Jamaica
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.2 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.2 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Jamaica?
- Non-life insurance premium volume to gdp in Jamaica was 2.6% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Jamaica?
- The highest recorded value was 3.6% in 1994.
- What is the lowest non-life insurance premium volume to gdp recorded in Jamaica?
- The lowest recorded value was 2.1% in 2013.
- How does Jamaica rank for non-life insurance premium volume to gdp?
- Jamaica ranks 14th out of 167 countries with data for 2019.
- Is non-life insurance premium volume to gdp rising or falling in Jamaica?
- Over the last ten years it is up 14.2%. The long-run trend across the full record is falling.
- Where does this Jamaica 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.