Non-life insurance premium volume to GDP in Philippines
Philippines: Non-life insurance premium volume to GDP was 0.5% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Philippines, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Philippines recorded 0.5% for non-life insurance premium volume to gdp in 2020.
That represents a change of down 1.4% on the previous year and up 2.4% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Philippines peaked at 0.7% in 1994 and was at its lowest, 0.3%, in 2006.
That places Philippines 131st out of 167 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Non-life insurance premium volume to GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 0.5% | — |
| 1991 | 0.6% | +2.8% |
| 1992 | 0.6% | +13.3% |
| 1993 | 0.7% | +12.8% |
| 1994 | 0.7% | +2.8% |
| 1995 | 0.7% | -0.7% |
| 1996 | 0.7% | -5.8% |
| 1997 | 0.7% | +0.7% |
| 1998 | 0.6% | -16.3% |
| 1999 | 0.5% | -10.9% |
| 2000 | 0.5% | -7.9% |
| 2001 | 0.5% | +1.2% |
| 2002 | 0.5% | +6.9% |
| 2003 | 0.5% | -5.6% |
| 2004 | 0.4% | -7.8% |
| 2005 | 0.4% | -3.6% |
| 2006 | 0.3% | -18.3% |
| 2007 | 0.5% | +42.5% |
| 2008 | 0.5% | -6.8% |
| 2009 | 0.5% | -1.4% |
| 2010 | 0.5% | +0.2% |
| 2011 | 0.5% | +2.2% |
| 2012 | 0.5% | +1.2% |
| 2013 | 0.5% | -0.0% |
| 2014 | 0.5% | -3.7% |
| 2015 | 0.5% | +2.4% |
| 2016 | 0.5% | -2.5% |
| 2017 | 0.5% | +4.0% |
| 2018 | 0.4% | -20.1% |
| 2019 | 0.5% | +25.6% |
| 2020 | 0.5% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | 0.5% | 0.7% | 10 |
| 2000s | 0.5% | 0.3% | 0.5% | 10 |
| 2010s | 0.5% | 0.4% | 0.5% | 10 |
| 2020s | 0.5% | 0.5% | 0.5% | 1 |
Countries ranked near Philippines
More financial sector data for Philippines
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -8.19 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1313 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 547.61 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -7.77 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 576.82 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -0.5283 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 693.56 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -0.6712 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 692.97 SDR per person (2025)
- Total reserves in months of imports, annual growth rate -0.1559 % change on previous year (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Philippines?
- Non-life insurance premium volume to gdp in Philippines was 0.5% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Philippines?
- The highest recorded value was 0.7% in 1994.
- What is the lowest non-life insurance premium volume to gdp recorded in Philippines?
- The lowest recorded value was 0.3% in 2006.
- How does Philippines rank for non-life insurance premium volume to gdp?
- Philippines ranks 131st out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Philippines?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is falling.
- Where does this Philippines 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 — 31 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.