Non-life insurance premium volume to GDP in Kenya
Kenya: Non-life insurance premium volume to GDP was 0.8% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Kenya, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Kenya recorded 0.8% for non-life insurance premium volume to gdp in 2020. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 7.4% on the previous year and down 36.8% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Kenya peaked at 1.8% in 1994 and was at its lowest, 0.8%, in 2020.
Kenya ranks 96th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Non-life insurance premium volume to GDP in Kenya, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.4% | — |
| 1991 | 1.4% | -4.8% |
| 1992 | 1.4% | +1.1% |
| 1993 | 1.6% | +13.1% |
| 1994 | 1.8% | +14.4% |
| 1995 | 1.7% | -4.4% |
| 1996 | 1.5% | -10.9% |
| 1997 | 1.6% | +1.8% |
| 1998 | 1.4% | -8.1% |
| 1999 | 1.4% | -2.6% |
| 2000 | 1.2% | -12.6% |
| 2001 | 1.2% | -1.3% |
| 2002 | 1.4% | +15.7% |
| 2003 | 1.4% | -1.0% |
| 2004 | 1.3% | -4.1% |
| 2005 | 1.3% | -1.3% |
| 2006 | 1.3% | -0.6% |
| 2007 | 1.2% | -7.5% |
| 2008 | 1.2% | -0.1% |
| 2009 | 1.1% | -4.4% |
| 2010 | 1.3% | +13.7% |
| 2011 | 1.3% | +1.0% |
| 2012 | 1.3% | -1.1% |
| 2013 | 1.3% | +1.5% |
| 2014 | 1.3% | +1.0% |
| 2015 | 1.2% | -6.4% |
| 2016 | 1.1% | -8.3% |
| 2017 | 1.0% | -9.9% |
| 2018 | 1.0% | -6.8% |
| 2019 | 0.9% | -7.7% |
| 2020 | 0.8% | -7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.5% | 1.4% | 1.8% | 10 |
| 2000s | 1.3% | 1.1% | 1.4% | 10 |
| 2010s | 1.2% | 0.9% | 1.3% | 10 |
| 2020s | 0.8% | 0.8% | 0.8% | 1 |
Countries ranked near Kenya
More financial sector data for Kenya
- Net domestic credit (current LCU), per capita 129,188 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 66.5 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate 12.6 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 19,618 SDR (2025)
- Gold reserves at market value 1.79 million SDR (2025)
- Reserves excluding gold, foreign exchange 8.93 billion SDR (2025)
- Reserves excluding gold 9.05 billion SDR (2025)
- Total reserves (gold at market value) 9.05 billion SDR (2025)
- Total reserves (gold at national valuation) 9.05 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 157.31 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Kenya?
- Non-life insurance premium volume to gdp in Kenya was 0.8% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Kenya?
- The highest recorded value was 1.8% in 1994.
- What is the lowest non-life insurance premium volume to gdp recorded in Kenya?
- The lowest recorded value was 0.8% in 2020.
- How does Kenya rank for non-life insurance premium volume to gdp?
- Kenya ranks 96th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Kenya?
- Over the last ten years it is down 36.8%. The long-run trend across the full record is falling.
- Where does this Kenya 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.