Non-life insurance premium volume to GDP in Luxembourg
Luxembourg: Non-life insurance premium volume to GDP was 4.8% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Luxembourg, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Luxembourg recorded 4.8% for non-life insurance premium volume to gdp in 2020. That is the highest value across all 31 years on record.
The figure is up 217.9% on the previous year and up 183.1% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Luxembourg peaked at 4.8% in 2020 and was at its lowest, 1.5%, in 2016.
Luxembourg ranks 2nd of 167 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 31 years of available data.
Non-life insurance premium volume to GDP in Luxembourg, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 2.2% | — |
| 1991 | 2.2% | -1.1% |
| 1992 | 2.6% | +22.5% |
| 1993 | 2.9% | +9.6% |
| 1994 | 2.6% | -9.2% |
| 1995 | 2.3% | -12.4% |
| 1996 | 2.5% | +7.7% |
| 1997 | 2.5% | +0.4% |
| 1998 | 2.4% | -1.9% |
| 1999 | 2.3% | -7.8% |
| 2000 | 2.2% | -3.1% |
| 2001 | 2.4% | +8.0% |
| 2002 | 2.3% | -0.9% |
| 2003 | 2.4% | +2.0% |
| 2004 | 2.5% | +4.3% |
| 2005 | 2.9% | +16.8% |
| 2006 | 4.1% | +42.4% |
| 2007 | 3.7% | -10.4% |
| 2008 | 1.7% | -54.8% |
| 2009 | 1.7% | +2.7% |
| 2010 | 1.7% | -0.8% |
| 2011 | 1.6% | -4.9% |
| 2012 | 1.7% | +2.6% |
| 2013 | 1.8% | +8.3% |
| 2014 | 1.6% | -10.6% |
| 2015 | 1.5% | -6.5% |
| 2016 | 1.5% | -1.6% |
| 2017 | 1.5% | +0.8% |
| 2018 | 1.5% | +2.2% |
| 2019 | 1.5% | -0.6% |
| 2020 | 4.8% | +217.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.5% | 2.2% | 2.9% | 10 |
| 2000s | 2.6% | 1.7% | 4.1% | 10 |
| 2010s | 1.6% | 1.5% | 1.8% | 10 |
| 2020s | 4.8% | 4.8% | 4.8% | 1 |
Countries ranked near Luxembourg
- 1 Barbados 5.1% compare
- 3 Republic of Korea 4.6% compare
- 4 Antigua and Barbuda 4.2% compare
- 5 United States of America 3.4% compare
More financial sector data for Luxembourg
- Net domestic credit (current LCU), per capita 208,660 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.57 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate -6.24 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 2.52 million SDR (2025)
- Gold reserves at market value 229.63 million SDR (2025)
- Reserves excluding gold, foreign exchange 33.59 million SDR (2025)
- Reserves excluding gold 2.00 billion SDR (2025)
- Total reserves (gold at market value) 2.23 billion SDR (2025)
- Total reserves (gold at national valuation) 2.23 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 3,243 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Luxembourg?
- Non-life insurance premium volume to gdp in Luxembourg was 4.8% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Luxembourg?
- The highest recorded value was 4.8% in 2020.
- What is the lowest non-life insurance premium volume to gdp recorded in Luxembourg?
- The lowest recorded value was 1.5% in 2016.
- How does Luxembourg rank for non-life insurance premium volume to gdp?
- Luxembourg ranks 2nd out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Luxembourg?
- Over the last ten years it is up 183.1%. The long-run trend across the full record is falling.
- Where does this Luxembourg 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.