Non-life insurance premium volume to GDP in Madagascar
Madagascar: Non-life insurance premium volume to GDP was 0.4% in 2018. ▼ Falling
Non-life insurance premium volume to GDP in Madagascar, 1990–2018
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for non-life insurance premium volume to gdp in Madagascar is 0.4%, measured in 2018. That is the lowest value across all 29 years on record.
That represents a change of down 20.1% on the previous year and down 29.4% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Madagascar peaked at 0.6% in 1991 and was at its lowest, 0.4%, in 2018.
That places Madagascar 141st out of 167 countries with data for 2018, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Non-life insurance premium volume to GDP in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.6% | — |
| 1991 | 0.6% | +1.0% |
| 1992 | 0.6% | -7.8% |
| 1993 | 0.6% | -0.5% |
| 1994 | 0.5% | -7.0% |
| 1995 | 0.5% | -1.7% |
| 1996 | 0.5% | -15.5% |
| 1997 | 0.5% | +5.3% |
| 1998 | 0.5% | -5.7% |
| 1999 | 0.4% | -1.9% |
| 2000 | 0.5% | +23.1% |
| 2001 | 0.5% | -5.2% |
| 2002 | 0.5% | +4.4% |
| 2003 | 0.6% | +3.1% |
| 2004 | 0.6% | +0.6% |
| 2005 | 0.5% | -8.8% |
| 2006 | 0.5% | +2.7% |
| 2007 | 0.5% | +1.2% |
| 2008 | 0.5% | -6.5% |
| 2009 | 0.5% | -5.8% |
| 2010 | 0.5% | -0.2% |
| 2011 | 0.5% | -1.3% |
| 2012 | 0.4% | -16.1% |
| 2013 | 0.4% | +0.9% |
| 2014 | 0.5% | +17.2% |
| 2015 | 0.5% | +1.9% |
| 2016 | 0.5% | +6.8% |
| 2017 | 0.4% | -11.7% |
| 2018 | 0.4% | -20.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5% | 0.4% | 0.6% | 10 |
| 2000s | 0.5% | 0.5% | 0.6% | 10 |
| 2010s | 0.4% | 0.4% | 0.5% | 9 |
Countries ranked near Madagascar
- 138 Azerbaijan 0.4% compare
- 139 Tanzania, United Republic of 0.4% compare
- 140 Ethiopia 0.4% compare
- 142 Niger 0.3% compare
- 143 Uzbekistan 0.3% compare
- 144 Cambodia 0.3% compare
More financial sector data for Madagascar
- Net domestic credit (current LCU), per capita 555,983 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1,010 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 14.89 % change on previous year (2024)
- Reserves excluding gold, foreign exchange 2.08 billion SDR (2024)
- Reserves excluding gold 2.14 billion SDR (2024)
- Total reserves (gold at market value) 2.14 billion SDR (2024)
- Total reserves (gold at national valuation) 2.14 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 66.8 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.84 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 66.8 SDR per person (2024)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Madagascar?
- Non-life insurance premium volume to gdp in Madagascar was 0.4% in 2018, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Madagascar?
- The highest recorded value was 0.6% in 1991.
- What is the lowest non-life insurance premium volume to gdp recorded in Madagascar?
- The lowest recorded value was 0.4% in 2018.
- How does Madagascar rank for non-life insurance premium volume to gdp?
- Madagascar ranks 141st out of 167 countries with data for 2018.
- Is non-life insurance premium volume to gdp rising or falling in Madagascar?
- Over the last ten years it is down 29.4%. The long-run trend across the full record is falling.
- Where does this Madagascar 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.