Non-life insurance premium volume to GDP in Trinidad and Tobago
Trinidad and Tobago: Non-life insurance premium volume to GDP was 2.6% in 2020. ▬ Flat
Non-life insurance premium volume to GDP in Trinidad and Tobago, 1990–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Trinidad and Tobago recorded 2.6% for non-life insurance premium volume to gdp in 2020. That is the highest value across all 31 years on record.
That represents a change of up 6.8% on the previous year and up 71.4% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Trinidad and Tobago peaked at 2.6% in 2020 and was at its lowest, 0.7%, in 2006.
Trinidad and Tobago ranks 15th of 167 countries on this measure, in the top 10%.
Non-life insurance premium volume to GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.8% | — |
| 1991 | 1.8% | +3.0% |
| 1992 | 2.2% | +18.6% |
| 1993 | 2.3% | +6.6% |
| 1994 | 2.2% | -2.9% |
| 1995 | 2.2% | -0.7% |
| 1996 | 1.8% | -17.1% |
| 1997 | 1.9% | +5.7% |
| 1998 | 1.8% | -5.0% |
| 1999 | 1.7% | -9.9% |
| 2000 | 1.6% | -3.4% |
| 2001 | 1.6% | -1.8% |
| 2002 | 2.1% | +30.3% |
| 2003 | 1.9% | -9.7% |
| 2004 | 1.5% | -20.4% |
| 2005 | 0.7% | -51.4% |
| 2006 | 0.7% | -1.8% |
| 2007 | 1.5% | +118.5% |
| 2008 | 1.3% | -14.1% |
| 2009 | 1.9% | +41.8% |
| 2010 | 1.5% | -18.8% |
| 2011 | 1.5% | -1.5% |
| 2012 | 1.6% | +6.4% |
| 2013 | 1.5% | -5.3% |
| 2014 | 1.7% | +14.5% |
| 2015 | 2.0% | +17.2% |
| 2016 | 1.9% | -8.5% |
| 2017 | 2.2% | +16.4% |
| 2018 | 2.2% | +1.0% |
| 2019 | 2.4% | +12.0% |
| 2020 | 2.6% | +6.8% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 2.6% is above the median for high income countries, which is 1.6%, 1.6× the median. (60 countries reporting)
- Trinidad and Tobago's 2.6% is above the median for Latin America & Caribbean, which is 1.5%, 1.7× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Non-life insurance premium volume to GDP in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +118.5% | 0.7% | 1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.0% | 1.7% | 2.3% | 10 |
| 2000s | 1.5% | 0.7% | 2.1% | 10 |
| 2010s | 1.9% | 1.5% | 2.4% | 10 |
| 2020s | 2.6% | 2.6% | 2.6% | 1 |
Countries ranked near Trinidad and Tobago
More financial sector data for Trinidad and Tobago
- Reserve position in the IMF, US dollar, annual growth rate 4.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 118.45 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.2193 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 86.49 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 4.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0062 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 118.45 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.2193 % change on previous year (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Trinidad and Tobago?
- Non-life insurance premium volume to gdp in Trinidad and Tobago was 2.6% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Trinidad and Tobago?
- The highest recorded value was 2.6% in 2020.
- What is the lowest non-life insurance premium volume to gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 0.7% in 2006.
- How does Trinidad and Tobago rank for non-life insurance premium volume to gdp?
- Trinidad and Tobago ranks 15th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 71.4%. The long-run trend across the full record is flat.
- Where does this Trinidad and Tobago 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.