Non-life insurance premium volume to GDP in Malawi
Malawi: Non-life insurance premium volume to GDP was 0.9% in 2019. ▲ Rising
Non-life insurance premium volume to GDP in Malawi, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Malawi recorded 0.9% for non-life insurance premium volume to gdp in 2019.
Compared with earlier readings it is up 6.9% on the previous year and up 4.8% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Malawi peaked at 1.0% in 1992 and was at its lowest, 0.5%, in 1997.
Malawi ranks 91st of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Non-life insurance premium volume to GDP in Malawi, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.9% | — |
| 1991 | 0.8% | -2.3% |
| 1992 | 1.0% | +21.4% |
| 1993 | 0.9% | -15.9% |
| 1996 | 0.7% | -20.6% |
| 1997 | 0.5% | -22.9% |
| 1998 | 0.6% | +8.9% |
| 1999 | 0.6% | +9.0% |
| 2000 | 0.7% | +6.8% |
| 2001 | 0.6% | -6.4% |
| 2002 | 0.5% | -12.0% |
| 2003 | 0.6% | +5.6% |
| 2004 | 0.5% | -8.2% |
| 2005 | 0.6% | +16.0% |
| 2006 | 0.6% | +3.2% |
| 2007 | 0.7% | +11.2% |
| 2008 | 0.8% | +11.8% |
| 2009 | 0.8% | +6.9% |
| 2010 | 0.8% | -6.2% |
| 2011 | 0.7% | -14.5% |
| 2012 | 0.8% | +14.9% |
| 2013 | 0.9% | +17.4% |
| 2014 | 0.9% | +2.7% |
| 2015 | 0.9% | -7.8% |
| 2016 | 0.8% | -6.9% |
| 2017 | 0.8% | +3.3% |
| 2018 | 0.8% | -0.5% |
| 2019 | 0.9% | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7% | 0.5% | 1.0% | 8 |
| 2000s | 0.7% | 0.5% | 0.8% | 10 |
| 2010s | 0.8% | 0.7% | 0.9% | 10 |
Countries ranked near Malawi
More financial sector data for Malawi
- Net domestic credit (current LCU), per capita 362,247 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 693.47 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 40.48 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 449,295 SDR (2014)
- Gold reserves at market value 10.69 million SDR (2014)
- Reserves excluding gold, foreign exchange 405.92 million SDR (2020)
- Reserves excluding gold 412.77 million SDR (2020)
- Total reserves (gold at market value) 412.77 million SDR (2020)
- Total reserves (gold at national valuation) 412.77 million SDR (2020)
- Total reserves (gold at national valuation) (SDR), per capita 21.13 SDR per person (2020)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Malawi?
- Non-life insurance premium volume to gdp in Malawi was 0.9% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Malawi?
- The highest recorded value was 1.0% in 1992.
- What is the lowest non-life insurance premium volume to gdp recorded in Malawi?
- The lowest recorded value was 0.5% in 1997.
- How does Malawi rank for non-life insurance premium volume to gdp?
- Malawi ranks 91st out of 167 countries with data for 2019.
- Is non-life insurance premium volume to gdp rising or falling in Malawi?
- Over the last ten years it is up 4.8%. The long-run trend across the full record is rising.
- Where does this Malawi 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.