Non-life insurance premium volume to GDP in Panama
Panama: Non-life insurance premium volume to GDP was 1.4% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Panama, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Panama recorded 1.4% for non-life insurance premium volume to gdp in 2020.
Compared with earlier readings it is up 17.3% on the previous year and down 21.0% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Panama peaked at 2.0% in 1995 and was at its lowest, 1.2%, in 2005.
That places Panama 53rd out of 167 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Non-life insurance premium volume to GDP in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.5% | — |
| 1991 | 1.7% | +10.8% |
| 1992 | 1.7% | +1.2% |
| 1993 | 1.8% | +2.4% |
| 1994 | 2.0% | +11.0% |
| 1995 | 2.0% | +2.3% |
| 1996 | 1.8% | -10.7% |
| 1997 | 1.7% | -7.4% |
| 1998 | 1.7% | +1.1% |
| 1999 | 1.7% | -0.2% |
| 2000 | 1.6% | -6.8% |
| 2001 | 1.5% | -2.4% |
| 2002 | 1.4% | -8.4% |
| 2003 | 1.4% | +0.5% |
| 2004 | 1.3% | -7.6% |
| 2005 | 1.2% | -7.5% |
| 2006 | 1.3% | +11.4% |
| 2007 | 1.5% | +16.1% |
| 2008 | 1.7% | +8.3% |
| 2009 | 1.7% | +1.4% |
| 2010 | 1.8% | +6.1% |
| 2011 | 1.8% | +2.9% |
| 2012 | 1.7% | -8.3% |
| 2013 | 1.6% | -3.5% |
| 2014 | 1.6% | -3.1% |
| 2015 | 1.5% | -6.8% |
| 2016 | 1.3% | -11.0% |
| 2017 | 1.3% | -4.7% |
| 2018 | 1.3% | +2.3% |
| 2019 | 1.2% | -5.4% |
| 2020 | 1.4% | +17.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.7% | 1.5% | 2.0% | 10 |
| 2000s | 1.5% | 1.2% | 1.7% | 10 |
| 2010s | 1.5% | 1.2% | 1.8% | 10 |
| 2020s | 1.4% | 1.4% | 1.4% | 1 |
Countries ranked near Panama
More financial sector data for Panama
- Net domestic credit (current LCU), per capita 11,791 current LCU per person (2020)
- Net domestic credit (current LCU), per unit of GDP 0.8872 current LCU per US$ of GDP (2020)
- Net domestic credit (current LCU), annual growth rate -4.93 % change on previous year (2020)
- Reserves excluding gold, foreign exchange 4.12 billion SDR (2025)
- Reserves excluding gold 4.56 billion SDR (2025)
- Total reserves (gold at market value) 4.56 billion SDR (2025)
- Total reserves (gold at national valuation) 4.56 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 996.88 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -13.31 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 996.88 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Panama?
- Non-life insurance premium volume to gdp in Panama was 1.4% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Panama?
- The highest recorded value was 2.0% in 1995.
- What is the lowest non-life insurance premium volume to gdp recorded in Panama?
- The lowest recorded value was 1.2% in 2005.
- How does Panama rank for non-life insurance premium volume to gdp?
- Panama ranks 53rd out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Panama?
- Over the last ten years it is down 21.0%. The long-run trend across the full record is falling.
- Where does this Panama 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.