Non-life insurance premium volume to GDP in Papua New Guinea
Papua New Guinea: Non-life insurance premium volume to GDP was 0.5% in 2017. ▼ Falling
Non-life insurance premium volume to GDP in Papua New Guinea, 1994–2017
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for non-life insurance premium volume to gdp in Papua New Guinea is 0.5%, measured in 2017. That is the lowest value across all 24 years on record.
That represents a change of down 6.3% on the previous year and down 36.7% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Papua New Guinea peaked at 1.0% in 2002 and was at its lowest, 0.5%, in 2017.
Papua New Guinea ranks 122nd of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Non-life insurance premium volume to GDP in Papua New Guinea, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 0.9% | — |
| 1995 | 0.9% | +8.0% |
| 1996 | 1.0% | +0.8% |
| 1997 | 0.9% | -4.4% |
| 1998 | 0.9% | +1.0% |
| 1999 | 0.8% | -9.0% |
| 2000 | 1.0% | +14.5% |
| 2001 | 0.9% | -2.9% |
| 2002 | 1.0% | +3.8% |
| 2003 | 0.9% | -5.2% |
| 2004 | 0.9% | +1.3% |
| 2005 | 0.9% | -4.5% |
| 2006 | 0.9% | -2.7% |
| 2007 | 0.9% | -0.8% |
| 2008 | 0.9% | +0.5% |
| 2009 | 0.8% | -8.9% |
| 2010 | 0.8% | +1.9% |
| 2011 | 0.8% | +2.5% |
| 2012 | 0.9% | +7.3% |
| 2013 | 0.9% | +1.1% |
| 2014 | 0.7% | -19.4% |
| 2015 | 0.7% | -5.8% |
| 2016 | 0.6% | -14.3% |
| 2017 | 0.5% | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9% | 0.8% | 1.0% | 6 |
| 2000s | 0.9% | 0.8% | 1.0% | 10 |
| 2010s | 0.7% | 0.5% | 0.9% | 8 |
Countries ranked near Papua New Guinea
More financial sector data for Papua New Guinea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0743 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0543 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0743 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Papua New Guinea?
- Non-life insurance premium volume to gdp in Papua New Guinea was 0.5% in 2017, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Papua New Guinea?
- The highest recorded value was 1.0% in 2002.
- What is the lowest non-life insurance premium volume to gdp recorded in Papua New Guinea?
- The lowest recorded value was 0.5% in 2017.
- How does Papua New Guinea rank for non-life insurance premium volume to gdp?
- Papua New Guinea ranks 122nd out of 167 countries with data for 2017.
- Is non-life insurance premium volume to gdp rising or falling in Papua New Guinea?
- Over the last ten years it is down 36.7%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea 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.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.