Non-life insurance premium volume to GDP in Uruguay
Uruguay: Non-life insurance premium volume to GDP was 1.7% in 2020. ▲ Rising
Non-life insurance premium volume to GDP in Uruguay, 1995–2020
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
In 2020, non-life insurance premium volume to gdp in Uruguay stood at 1.7%. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 17.2% on the previous year and up 20.3% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Uruguay peaked at 1.7% in 2020 and was at its lowest, 1.3%, in 2007.
That places Uruguay 39th out of 167 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Non-life insurance premium volume to GDP in Uruguay, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 1.4% | — |
| 1996 | 1.4% | +2.9% |
| 1997 | 1.5% | +2.0% |
| 1998 | 1.3% | -7.5% |
| 1999 | 1.4% | +4.0% |
| 2000 | 1.4% | +0.5% |
| 2001 | 1.4% | -2.1% |
| 2002 | 1.5% | +11.5% |
| 2003 | 1.5% | -1.2% |
| 2004 | 1.5% | -2.7% |
| 2005 | 1.4% | -6.1% |
| 2006 | 1.4% | +2.8% |
| 2007 | 1.3% | -7.1% |
| 2008 | 1.3% | +2.2% |
| 2009 | 1.4% | +3.5% |
| 2010 | 1.4% | -1.5% |
| 2011 | 1.4% | +5.0% |
| 2012 | 1.5% | +5.6% |
| 2013 | 1.5% | -1.8% |
| 2014 | 1.6% | +7.1% |
| 2015 | 1.6% | -0.5% |
| 2016 | 1.4% | -13.5% |
| 2017 | 1.4% | +2.8% |
| 2018 | 1.4% | -1.9% |
| 2019 | 1.4% | +1.4% |
| 2020 | 1.7% | +17.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.4% | 1.3% | 1.5% | 5 |
| 2000s | 1.4% | 1.3% | 1.5% | 10 |
| 2010s | 1.5% | 1.4% | 1.6% | 10 |
| 2020s | 1.7% | 1.7% | 1.7% | 1 |
Countries ranked near Uruguay
More financial sector data for Uruguay
- Net domestic credit (current LCU), per capita 396,400 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 15.72 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 6.67 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 112,105 SDR (2025)
- Gold reserves at market value 10.22 million SDR (2025)
- Reserves excluding gold, foreign exchange 13.10 billion SDR (2025)
- Reserves excluding gold 13.85 billion SDR (2025)
- Total reserves (gold at market value) 13.86 billion SDR (2025)
- Total reserves (gold at national valuation) 13.86 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,096 SDR per person (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Uruguay?
- Non-life insurance premium volume to gdp in Uruguay was 1.7% in 2020, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Uruguay?
- The highest recorded value was 1.7% in 2020.
- What is the lowest non-life insurance premium volume to gdp recorded in Uruguay?
- The lowest recorded value was 1.3% in 2007.
- How does Uruguay rank for non-life insurance premium volume to gdp?
- Uruguay ranks 39th out of 167 countries with data for 2020.
- Is non-life insurance premium volume to gdp rising or falling in Uruguay?
- Over the last ten years it is up 20.3%. The long-run trend across the full record is rising.
- Where does this Uruguay 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 — 26 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.