Non-life insurance premium volume to GDP in Norway
Norway: Non-life insurance premium volume to GDP was 1.9% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Norway, 1991–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, non-life insurance premium volume to gdp in Norway stood at 1.9%.
That represents a change of up 4.9% on the previous year and up 17.7% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Norway peaked at 3.0% in 1994 and was at its lowest, 1.5%, in 2007.
Norway ranks 31st of 167 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Non-life insurance premium volume to GDP in Norway, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 2.6% | — |
| 1992 | 2.8% | +4.6% |
| 1993 | 2.8% | +1.0% |
| 1994 | 3.0% | +6.0% |
| 1995 | 2.6% | -11.4% |
| 1996 | 2.3% | -11.3% |
| 1997 | 2.2% | -7.1% |
| 1998 | 2.3% | +6.1% |
| 1999 | 2.3% | -1.1% |
| 2000 | 2.3% | +2.2% |
| 2001 | 2.3% | -1.3% |
| 2002 | 2.6% | +13.4% |
| 2003 | 2.7% | +2.9% |
| 2004 | 2.6% | -3.9% |
| 2005 | 2.4% | -7.1% |
| 2006 | 1.6% | -31.3% |
| 2007 | 1.5% | -7.0% |
| 2008 | 1.6% | +4.5% |
| 2009 | 1.7% | +8.2% |
| 2010 | 1.6% | -5.0% |
| 2011 | 1.6% | -3.6% |
| 2012 | 1.7% | +7.3% |
| 2013 | 1.7% | +1.1% |
| 2014 | 1.8% | +2.6% |
| 2015 | 1.8% | +5.1% |
| 2016 | 1.9% | +0.6% |
| 2017 | 1.7% | -6.5% |
| 2018 | 1.7% | -2.5% |
| 2019 | 1.8% | +8.5% |
| 2020 | 1.9% | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.5% | 2.2% | 3.0% | 9 |
| 2000s | 2.1% | 1.5% | 2.7% | 10 |
| 2010s | 1.7% | 1.6% | 1.9% | 10 |
| 2020s | 1.9% | 1.9% | 1.9% | 1 |
Countries ranked near Norway
More financial sector data for Norway
- Net domestic credit (current LCU), per capita 1.08 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 12.01 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 3.18 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 55.94 billion SDR (2025)
- Reserves excluding gold 62.43 billion SDR (2025)
- Total reserves (gold at market value) 62.43 billion SDR (2025)
- Total reserves (gold at national valuation) 62.43 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 11,126 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Norway?
- Non-life insurance premium volume to gdp in Norway was 1.9% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Norway?
- The highest recorded value was 3.0% in 1994.
- What is the lowest non-life insurance premium volume to gdp recorded in Norway?
- The lowest recorded value was 1.5% in 2007.
- How does Norway rank for non-life insurance premium volume to gdp?
- Norway ranks 31st out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Norway?
- Over the last ten years it is up 17.7%. The long-run trend across the full record is falling.
- Where does this Norway 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.