Non-life insurance premium volume to GDP in Saudi Arabia
Saudi Arabia: Non-life insurance premium volume to GDP was 0.6% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Saudi Arabia, 1991–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for non-life insurance premium volume to gdp in Saudi Arabia is 0.6%, measured in 2020.
That represents a change of up 16.4% on the previous year and up 64.7% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Saudi Arabia peaked at 0.7% in 2016 and was at its lowest, 0.2%, in 2000.
That places Saudi Arabia 121st 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 29 years of available data.
Non-life insurance premium volume to GDP in Saudi Arabia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 0.3% | — |
| 1992 | 0.3% | -1.0% |
| 1993 | 0.4% | +19.5% |
| 1994 | 0.4% | +7.5% |
| 1995 | 0.4% | -3.0% |
| 1996 | 0.4% | -6.1% |
| 1997 | 0.4% | -2.9% |
| 1998 | 0.4% | +11.1% |
| 1999 | 0.3% | -19.1% |
| 2000 | 0.2% | -41.9% |
| 2001 | 0.3% | +33.4% |
| 2002 | 0.3% | +23.8% |
| 2003 | 0.4% | +7.8% |
| 2005 | 0.3% | -16.7% |
| 2006 | 0.3% | +9.2% |
| 2007 | 0.3% | +4.5% |
| 2008 | 0.3% | -15.0% |
| 2009 | 0.4% | +38.6% |
| 2010 | 0.3% | -13.5% |
| 2011 | 0.3% | -7.7% |
| 2012 | 0.3% | +4.0% |
| 2013 | 0.4% | +26.0% |
| 2014 | 0.5% | +19.0% |
| 2015 | 0.7% | +37.6% |
| 2016 | 0.7% | +5.6% |
| 2017 | 0.6% | -11.0% |
| 2018 | 0.5% | -24.8% |
| 2019 | 0.5% | +1.0% |
| 2020 | 0.6% | +16.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4% | 0.3% | 0.4% | 9 |
| 2000s | 0.3% | 0.2% | 0.4% | 9 |
| 2010s | 0.5% | 0.3% | 0.7% | 10 |
| 2020s | 0.6% | 0.6% | 0.6% | 1 |
Countries ranked near Saudi Arabia
More financial sector data for Saudi Arabia
- Reserve position in the IMF, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.38 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.19 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.38 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Saudi Arabia?
- Non-life insurance premium volume to gdp in Saudi Arabia was 0.6% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Saudi Arabia?
- The highest recorded value was 0.7% in 2016.
- What is the lowest non-life insurance premium volume to gdp recorded in Saudi Arabia?
- The lowest recorded value was 0.2% in 2000.
- How does Saudi Arabia rank for non-life insurance premium volume to gdp?
- Saudi Arabia ranks 121st out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Saudi Arabia?
- Over the last ten years it is up 64.7%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia 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.