Non-life insurance premium volume to GDP in South Africa
South Africa: Non-life insurance premium volume to GDP was 2.9% in 2019. ▲ Rising
Non-life insurance premium volume to GDP in South Africa, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
The most recent figure for non-life insurance premium volume to gdp in South Africa is 2.9%, measured in 2019. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 30.8% on the previous year and up 12.8% over ten years.
Over the whole period, non-life insurance premium volume to gdp in South Africa peaked at 2.9% in 2019 and was at its lowest, 1.6%, in 2001.
South Africa ranks 12th of 167 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Non-life insurance premium volume to GDP in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.8% | — |
| 1991 | 2.0% | +10.1% |
| 1992 | 1.9% | -3.1% |
| 1993 | 1.9% | +0.6% |
| 1994 | 1.9% | -0.3% |
| 1995 | 2.0% | +5.6% |
| 1996 | 2.1% | +5.6% |
| 1997 | 2.2% | +3.3% |
| 1998 | 2.2% | -2.3% |
| 1999 | 1.9% | -13.5% |
| 2000 | 1.6% | -12.4% |
| 2001 | 1.6% | -4.3% |
| 2002 | 1.6% | +4.5% |
| 2003 | 1.7% | +6.1% |
| 2004 | 1.8% | +5.0% |
| 2005 | 1.9% | +4.6% |
| 2006 | 2.7% | +39.3% |
| 2007 | 2.6% | -1.7% |
| 2008 | 2.5% | -3.8% |
| 2009 | 2.6% | +2.5% |
| 2010 | 2.5% | -4.0% |
| 2011 | 2.5% | -0.5% |
| 2012 | 2.5% | +1.9% |
| 2013 | 2.5% | -1.0% |
| 2014 | 2.5% | -0.8% |
| 2015 | 2.6% | +3.5% |
| 2016 | 2.6% | -0.0% |
| 2017 | 2.6% | +0.2% |
| 2018 | 2.2% | -13.0% |
| 2019 | 2.9% | +30.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.0% | 1.8% | 2.2% | 10 |
| 2000s | 2.1% | 1.6% | 2.7% | 10 |
| 2010s | 2.5% | 2.2% | 2.9% | 10 |
Countries ranked near South Africa
More financial sector data for South Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.81 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.0607 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.08 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.81 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.0607 % change on previous year (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in South Africa?
- Non-life insurance premium volume to gdp in South Africa was 2.9% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in South Africa?
- The highest recorded value was 2.9% in 2019.
- What is the lowest non-life insurance premium volume to gdp recorded in South Africa?
- The lowest recorded value was 1.6% in 2001.
- How does South Africa rank for non-life insurance premium volume to gdp?
- South Africa ranks 12th out of 167 countries with data for 2019.
- Is non-life insurance premium volume to gdp rising or falling in South Africa?
- Over the last ten years it is up 12.8%. The long-run trend across the full record is rising.
- Where does this South Africa 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.