Non-life insurance premium volume to GDP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Non-life insurance premium volume to GDP was 0.0% in 2019. ▲ Rising
Non-life insurance premium volume to GDP in Venezuela, Bolivarian Republic of, 1990–2019
Source: Sigma Reports, Swiss Re. Measured in %.
Analysis
Venezuela, Bolivarian Republic of recorded 0.0% for non-life insurance premium volume to gdp in 2019. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 37.8% on the previous year and down 99.8% over ten years.
Over the whole period, non-life insurance premium volume to gdp in Venezuela, Bolivarian Republic of peaked at 3.6% in 2015 and was at its lowest, 0.0%, in 2019.
That places Venezuela, Bolivarian Republic of 167th out of 167 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Non-life insurance premium volume to GDP in Venezuela, Bolivarian Republic of, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.3% | — |
| 1991 | 1.3% | +0.5% |
| 1992 | 1.4% | +4.0% |
| 1993 | 1.5% | +10.6% |
| 1994 | 1.2% | -19.7% |
| 1995 | 1.2% | -4.9% |
| 1996 | 1.1% | -8.5% |
| 1997 | 1.2% | +11.3% |
| 1998 | 1.3% | +7.9% |
| 1999 | 1.2% | -8.8% |
| 2000 | 1.1% | -5.1% |
| 2001 | 1.3% | +14.8% |
| 2002 | 1.3% | +1.7% |
| 2003 | 1.5% | +16.7% |
| 2004 | 1.4% | -7.6% |
| 2005 | 1.3% | -7.1% |
| 2006 | 1.4% | +7.1% |
| 2007 | 1.6% | +18.6% |
| 2008 | 1.8% | +10.4% |
| 2009 | 1.9% | +7.6% |
| 2010 | 1.9% | -4.4% |
| 2011 | 1.7% | -10.3% |
| 2012 | 1.8% | +5.6% |
| 2013 | 2.0% | +11.0% |
| 2014 | 2.6% | +33.4% |
| 2015 | 3.6% | +36.0% |
| 2016 | 2.2% | -39.5% |
| 2017 | 0.6% | -71.6% |
| 2018 | 0.0% | -99.2% |
| 2019 | 0.0% | -37.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | 1.1% | 1.5% | 10 |
| 2000s | 1.5% | 1.1% | 1.9% | 10 |
| 2010s | 1.6% | 0.0% | 3.6% | 10 |
Countries ranked near Venezuela, Bolivarian Republic of
- 164 Equatorial Guinea 0.1% compare
- 165 Syrian Arab Republic 0.1% compare
- 166 Guinea 0.0% compare
More financial sector data for Venezuela, Bolivarian Republic of
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is non-life insurance premium volume to gdp in Venezuela, Bolivarian Republic of?
- Non-life insurance premium volume to gdp in Venezuela, Bolivarian Republic of was 0.0% in 2019, according to Sigma Reports, Swiss Re.
- What is the highest non-life insurance premium volume to gdp recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 3.6% in 2015.
- What is the lowest non-life insurance premium volume to gdp recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.0% in 2019.
- How does Venezuela, Bolivarian Republic of rank for non-life insurance premium volume to gdp?
- Venezuela, Bolivarian Republic of ranks 167th out of 167 countries with data for 2019.
- Is non-life insurance premium volume to gdp rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 99.8%. The long-run trend across the full record is rising.
- Where does this Venezuela, Bolivarian Republic of 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.