Non-life insurance premium volume to GDP in Mongolia
Mongolia: Non-life insurance premium volume to GDP was 0.5% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Mongolia, 1998–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for non-life insurance premium volume to gdp in Mongolia is 0.5%, measured in 2020.
That represents a change of up 3.7% on the previous year and up 61.1% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Mongolia peaked at 0.5% in 2018 and was at its lowest, 0.3%, in 1998.
Mongolia ranks 132nd of 167 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Non-life insurance premium volume to GDP in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 0.3% | — |
| 1999 | 0.3% | +4.1% |
| 2000 | 0.3% | -3.1% |
| 2001 | 0.3% | +9.1% |
| 2002 | 0.3% | +8.5% |
| 2003 | 0.3% | -13.0% |
| 2004 | 0.3% | -1.3% |
| 2005 | 0.3% | +5.8% |
| 2006 | 0.3% | -4.8% |
| 2007 | 0.3% | +16.6% |
| 2008 | 0.3% | -6.5% |
| 2009 | 0.3% | +7.4% |
| 2010 | 0.3% | -9.1% |
| 2011 | 0.3% | +12.0% |
| 2012 | 0.4% | +35.5% |
| 2013 | 0.4% | +1.3% |
| 2014 | 0.4% | +0.1% |
| 2015 | 0.4% | +0.4% |
| 2016 | 0.4% | -5.5% |
| 2017 | 0.4% | +6.6% |
| 2018 | 0.5% | +4.8% |
| 2019 | 0.4% | -4.7% |
| 2020 | 0.5% | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3% | 0.3% | 0.3% | 2 |
| 2000s | 0.3% | 0.3% | 0.3% | 10 |
| 2010s | 0.4% | 0.3% | 0.5% | 10 |
| 2020s | 0.5% | 0.5% | 0.5% | 1 |
Countries ranked near Mongolia
- 129 Haiti 0.5% compare
- 130 Kazakhstan 0.5% compare
- 131 Philippines 0.5% compare
- 133 Burundi 0.5% compare
- 134 Brunei Darussalam 0.5% compare
- 135 Guyana 0.4% compare
More financial sector data for Mongolia
- Total reserves in months of imports, annual growth rate -8.23 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 15.46 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1673 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,189 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 15.02 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,209 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 21.09 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,433 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Mongolia?
- Non-life insurance premium volume to gdp in Mongolia was 0.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Mongolia?
- The highest recorded value was 0.5% in 2018.
- What is the lowest non-life insurance premium volume to gdp recorded in Mongolia?
- The lowest recorded value was 0.3% in 1998.
- How does Mongolia rank for non-life insurance premium volume to gdp?
- Mongolia ranks 132nd out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Mongolia?
- Over the last ten years it is up 61.1%. The long-run trend across the full record is rising.
- Where does this Mongolia 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.