Non-life insurance premium volume to GDP in Russian Federation
Russian Federation: Non-life insurance premium volume to GDP was 0.7% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Russian Federation, 1993–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, non-life insurance premium volume to gdp in Russian Federation stood at 0.7%.
Compared with earlier readings it is up 8.8% on the previous year and down 16.5% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Russian Federation peaked at 1.3% in 2003 and was at its lowest, 0.3%, in 1993.
That places Russian Federation 103rd out of 167 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Non-life insurance premium volume to GDP in Russian Federation, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 0.3% | — |
| 1996 | 0.3% | +6.2% |
| 1997 | 0.4% | +27.1% |
| 1998 | 0.4% | -2.3% |
| 1999 | 0.6% | +59.6% |
| 2000 | 0.6% | -3.4% |
| 2001 | 0.7% | +27.7% |
| 2002 | 1.0% | +41.1% |
| 2003 | 1.3% | +24.9% |
| 2004 | 1.2% | -8.2% |
| 2005 | 1.1% | -8.0% |
| 2006 | 1.1% | -2.5% |
| 2007 | 1.0% | -6.5% |
| 2008 | 1.0% | -1.8% |
| 2009 | 1.0% | +7.4% |
| 2010 | 0.9% | -14.4% |
| 2011 | 0.9% | -3.9% |
| 2012 | 0.9% | +4.6% |
| 2013 | 0.9% | +0.0% |
| 2014 | 0.9% | -0.7% |
| 2015 | 0.9% | -3.0% |
| 2016 | 0.9% | +1.8% |
| 2017 | 0.8% | -10.6% |
| 2018 | 0.7% | -8.9% |
| 2019 | 0.7% | -4.4% |
| 2020 | 0.7% | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4% | 0.3% | 0.6% | 5 |
| 2000s | 1.0% | 0.6% | 1.3% | 10 |
| 2010s | 0.8% | 0.7% | 0.9% | 10 |
| 2020s | 0.7% | 0.7% | 0.7% | 1 |
Countries ranked near Russian Federation
More financial sector data for Russian Federation
- 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 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.9 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 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.48 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 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.9 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 Russian Federation?
- Non-life insurance premium volume to gdp in Russian Federation was 0.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Russian Federation?
- The highest recorded value was 1.3% in 2003.
- What is the lowest non-life insurance premium volume to gdp recorded in Russian Federation?
- The lowest recorded value was 0.3% in 1993.
- How does Russian Federation rank for non-life insurance premium volume to gdp?
- Russian Federation ranks 103rd out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Russian Federation?
- Over the last ten years it is down 16.5%. The long-run trend across the full record is rising.
- Where does this Russian Federation 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.