Non-life insurance premium volume to GDP in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Non-life insurance premium volume to GDP was 2.0% in 2019. ▼ Falling
Non-life insurance premium volume to GDP in United Kingdom of Great Britain and Northern Ireland, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
United Kingdom of Great Britain and Northern Ireland recorded 2.0% for non-life insurance premium volume to gdp in 2019.
The figure is down 13.8% on the previous year and down 23.7% over ten years.
Over the whole period, non-life insurance premium volume to gdp in United Kingdom of Great Britain and Northern Ireland peaked at 3.5% in 1993 and was at its lowest, 1.9%, in 2016.
That places United Kingdom of Great Britain and Northern Ireland 27th out of 167 countries with data for 2019, putting it in the top quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Non-life insurance premium volume to GDP in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 2.8% | — |
| 1991 | 2.9% | +4.0% |
| 1992 | 3.3% | +11.1% |
| 1993 | 3.5% | +6.0% |
| 1994 | 3.4% | -1.7% |
| 1995 | 2.8% | -16.5% |
| 1996 | 2.6% | -9.5% |
| 1997 | 2.5% | -3.0% |
| 1998 | 2.4% | -4.8% |
| 1999 | 2.3% | -3.9% |
| 2000 | 2.4% | +5.7% |
| 2001 | 2.6% | +9.7% |
| 2002 | 2.8% | +7.4% |
| 2003 | 3.0% | +5.7% |
| 2004 | 2.8% | -5.7% |
| 2005 | 3.3% | +16.0% |
| 2006 | 3.2% | -2.6% |
| 2007 | 2.8% | -11.3% |
| 2008 | 2.9% | +2.1% |
| 2009 | 2.6% | -8.5% |
| 2010 | 2.7% | +3.2% |
| 2011 | 2.7% | -2.2% |
| 2012 | 2.7% | -0.4% |
| 2013 | 2.7% | +0.0% |
| 2014 | 2.5% | -7.4% |
| 2015 | 2.4% | -3.7% |
| 2016 | 1.9% | -18.6% |
| 2017 | 2.0% | +3.9% |
| 2018 | 2.3% | +16.9% |
| 2019 | 2.0% | -13.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 2.3% | 3.5% | 10 |
| 2000s | 2.9% | 2.4% | 3.3% | 10 |
| 2010s | 2.4% | 1.9% | 2.7% | 10 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
More financial sector data for United Kingdom of Great Britain and Northern Ireland
- Reserve position in the IMF, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 104.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.29 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 76.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 104.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.29 % change on previous year (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is non-life insurance premium volume to gdp in United Kingdom of Great Britain and Northern Ireland?
- Non-life insurance premium volume to gdp in United Kingdom of Great Britain and Northern Ireland was 2.0% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 3.5% in 1993.
- What is the lowest non-life insurance premium volume to gdp recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 1.9% in 2016.
- How does United Kingdom of Great Britain and Northern Ireland rank for non-life insurance premium volume to gdp?
- United Kingdom of Great Britain and Northern Ireland ranks 27th out of 167 countries with data for 2019.
- Is non-life insurance premium volume to gdp rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is down 23.7%. The long-run trend across the full record is falling.
- Where does this United Kingdom of Great Britain and Northern Ireland 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.