Non-life insurance premium volume to GDP in Oman
Oman: Non-life insurance premium volume to GDP was 0.7% in 2019. ▲ Rising
Non-life insurance premium volume to GDP in Oman, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Oman recorded 0.7% for non-life insurance premium volume to gdp in 2019.
That represents a change of up 2.6% on the previous year and down 30.7% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Oman peaked at 1.1% in 2002 and was at its lowest, 0.5%, in 2000.
Oman ranks 106th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Non-life insurance premium volume to GDP in Oman, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.6% | — |
| 1991 | 0.7% | +11.5% |
| 1992 | 0.7% | +3.7% |
| 1993 | 0.8% | +15.8% |
| 1994 | 0.9% | +3.0% |
| 1995 | 0.8% | -9.9% |
| 1996 | 0.7% | -5.9% |
| 1997 | 0.7% | -2.0% |
| 1998 | 0.9% | +32.8% |
| 1999 | 0.8% | -11.2% |
| 2000 | 0.5% | -41.3% |
| 2001 | 0.9% | +72.6% |
| 2002 | 1.1% | +24.9% |
| 2003 | 1.0% | -1.5% |
| 2004 | 0.9% | -12.8% |
| 2005 | 0.8% | -9.1% |
| 2006 | 0.8% | -0.7% |
| 2007 | 0.8% | -0.0% |
| 2008 | 0.7% | -13.5% |
| 2009 | 1.1% | +48.7% |
| 2010 | 1.0% | -9.5% |
| 2011 | 0.8% | -11.8% |
| 2012 | 0.8% | -1.8% |
| 2013 | 0.9% | +6.7% |
| 2014 | 0.8% | -5.0% |
| 2015 | 1.0% | +16.8% |
| 2016 | 1.0% | -3.2% |
| 2017 | 0.9% | -9.0% |
| 2018 | 0.7% | -17.2% |
| 2019 | 0.7% | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8% | 0.6% | 0.9% | 10 |
| 2000s | 0.9% | 0.5% | 1.1% | 10 |
| 2010s | 0.9% | 0.7% | 1.0% | 10 |
Countries ranked near Oman
More financial sector data for Oman
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 5.54 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1187 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 2,407 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 5.4 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 2,573 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 7.78 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 2,655 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 7.77 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 2,661 SDR per person (2024)
- Total reserves in months of imports, annual growth rate -3.89 % change on previous year (2024)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Oman?
- Non-life insurance premium volume to gdp in Oman was 0.7% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Oman?
- The highest recorded value was 1.1% in 2002.
- What is the lowest non-life insurance premium volume to gdp recorded in Oman?
- The lowest recorded value was 0.5% in 2000.
- How does Oman rank for non-life insurance premium volume to gdp?
- Oman ranks 106th out of 167 countries with data for 2019.
- Is non-life insurance premium volume to gdp rising or falling in Oman?
- Over the last ten years it is down 30.7%. The long-run trend across the full record is rising.
- Where does this Oman 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.