Non-life insurance premium volume to GDP in Singapore
Singapore: Non-life insurance premium volume to GDP was 0.8% in 2020. ▼ Falling
Non-life insurance premium volume to GDP in Singapore, 1992–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Singapore recorded 0.8% for non-life insurance premium volume to gdp in 2020.
Compared with earlier readings it is up 13.0% on the previous year and down 12.0% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Singapore peaked at 1.4% in 2003 and was at its lowest, 0.6%, in 2018.
That places Singapore 100th 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 29 years of available data.
Non-life insurance premium volume to GDP in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 0.8% | — |
| 1993 | 1.3% | +53.7% |
| 1994 | 1.2% | -1.2% |
| 1995 | 1.2% | -0.0% |
| 1996 | 1.2% | -4.1% |
| 1997 | 1.1% | -7.0% |
| 1998 | 1.1% | -3.8% |
| 1999 | 1.0% | -5.0% |
| 2000 | 1.0% | -3.2% |
| 2001 | 1.2% | +18.3% |
| 2002 | 1.4% | +20.6% |
| 2003 | 1.4% | +2.4% |
| 2004 | 1.2% | -19.2% |
| 2005 | 0.9% | -19.4% |
| 2006 | 0.8% | -8.9% |
| 2007 | 0.8% | -5.5% |
| 2008 | 0.9% | +12.1% |
| 2009 | 0.9% | +3.7% |
| 2010 | 0.9% | -8.1% |
| 2011 | 0.8% | -2.3% |
| 2012 | 0.8% | -0.8% |
| 2013 | 0.8% | -2.0% |
| 2014 | 0.8% | -2.6% |
| 2015 | 0.8% | -3.2% |
| 2016 | 0.7% | -6.2% |
| 2017 | 0.7% | -7.1% |
| 2018 | 0.6% | -4.8% |
| 2019 | 0.7% | +4.9% |
| 2020 | 0.8% | +13.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.1% | 0.8% | 1.3% | 8 |
| 2000s | 1.1% | 0.8% | 1.4% | 10 |
| 2010s | 0.8% | 0.6% | 0.9% | 10 |
| 2020s | 0.8% | 0.8% | 0.8% | 1 |
Countries ranked near Singapore
More financial sector data for Singapore
- Net domestic credit (current LCU), per capita 123,291 current LCU per person (2020)
- Net domestic credit (current LCU), per unit of GDP 2 current LCU per US$ of GDP (2020)
- Net domestic credit (current LCU), annual growth rate 3.72 % change on previous year (2020)
- Gold reserves at 35 SDRs per ounce 217.81 million SDR (2025)
- Gold reserves at market value 19.85 billion SDR (2025)
- Reserves excluding gold, foreign exchange 289.89 billion SDR (2025)
- Reserves excluding gold 295.68 billion SDR (2025)
- Total reserves (gold at market value) 315.53 billion SDR (2025)
- Total reserves (gold at national valuation) 298.85 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 48,902 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Singapore?
- Non-life insurance premium volume to gdp in Singapore was 0.8% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Singapore?
- The highest recorded value was 1.4% in 2003.
- What is the lowest non-life insurance premium volume to gdp recorded in Singapore?
- The lowest recorded value was 0.6% in 2018.
- How does Singapore rank for non-life insurance premium volume to gdp?
- Singapore ranks 100th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Singapore?
- Over the last ten years it is down 12.0%. The long-run trend across the full record is falling.
- Where does this Singapore 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 — 29 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.