Non-life insurance premium volume to GDP in Latvia
Latvia: Non-life insurance premium volume to GDP was 1.0% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Latvia, 1994–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for non-life insurance premium volume to gdp in Latvia is 1.0%, measured in 2020.
Compared with earlier readings it is down 1.5% on the previous year and down 2.1% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Latvia peaked at 1.7% in 2000 and was at its lowest, 0.5%, in 1994.
Latvia ranks 84th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Non-life insurance premium volume to GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 0.5% | — |
| 1995 | 0.7% | +35.4% |
| 1996 | 0.9% | +34.3% |
| 1997 | 1.3% | +51.2% |
| 1998 | 1.6% | +22.2% |
| 1999 | 1.6% | +0.4% |
| 2000 | 1.7% | +0.7% |
| 2001 | 1.5% | -9.2% |
| 2002 | 1.4% | -7.2% |
| 2003 | 1.5% | +5.6% |
| 2004 | 1.3% | -12.2% |
| 2005 | 1.2% | -7.6% |
| 2006 | 1.2% | +3.9% |
| 2007 | 1.4% | +15.0% |
| 2008 | 1.5% | +2.4% |
| 2009 | 1.2% | -20.0% |
| 2010 | 1.0% | -12.7% |
| 2011 | 0.8% | -25.2% |
| 2012 | 0.8% | +3.4% |
| 2013 | 0.8% | -4.0% |
| 2014 | 0.8% | +5.3% |
| 2015 | 0.8% | +1.2% |
| 2016 | 0.8% | -1.1% |
| 2017 | 0.9% | +15.0% |
| 2018 | 1.0% | +8.5% |
| 2019 | 1.0% | +1.6% |
| 2020 | 1.0% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.1% | 0.5% | 1.6% | 6 |
| 2000s | 1.4% | 1.2% | 1.7% | 10 |
| 2010s | 0.9% | 0.8% | 1.0% | 10 |
| 2020s | 1.0% | 1.0% | 1.0% | 1 |
Countries ranked near Latvia
More financial sector data for Latvia
- Net domestic credit (current LCU), per capita 8,595 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.3645 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -4.89 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 7.49 million SDR (2025)
- Gold reserves at market value 682.52 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.27 billion SDR (2025)
- Reserves excluding gold 3.77 billion SDR (2025)
- Total reserves (gold at market value) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,406 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Latvia?
- Non-life insurance premium volume to gdp in Latvia was 1.0% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Latvia?
- The highest recorded value was 1.7% in 2000.
- What is the lowest non-life insurance premium volume to gdp recorded in Latvia?
- The lowest recorded value was 0.5% in 1994.
- How does Latvia rank for non-life insurance premium volume to gdp?
- Latvia ranks 84th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Latvia?
- Over the last ten years it is down 2.1%. The long-run trend across the full record is falling.
- Where does this Latvia 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.