Life insurance premium volume to GDP (%)

This indicator represents the ratio of life insurance premium collections to a country’s Gross Domestic Product (GDP), expressed as a percentage. The premium data is sourced from multiple editions of Sigma reports published by Swiss Re, ensuring a comprehensive and reliable reflection of the insurance market. Concurrently, GDP figures are extracted from the World Development Indicators database, providing a solid economic benchmark. By analyzing this ratio, stakeholders can gauge the depth of life insurance penetration in relation to economic activity, enabling comparisons across regions and timeframes. A higher percentage suggests a robust insurance sector that plays a significant role in the economy, potentially indicating greater financial security for individuals and resilience against economic fluctuations. Source:

Year:

2020

#	Country	Life insurance premium volume to GDP (%)	Year
1	Hong Kong SAR, China	19.4	2020
2	Taiwan, China	13.65	2020
3	Macao SAR, China	13.51	2020
4	Denmark	8.31	2020
5	Singapore	8.07	2020
6	Luxembourg	7.51	2020
7	Korea, Rep.	6.19	2020
8	Namibia	5.49	2020
9	Japan	5.42	2020
10	France	5.29	2020
11	Italy	4.92	2020
12	Ireland	3.69	2020
13	Thailand	3.17	2020
14	Germany	3.1	2020
15	Norway	3.05	2020
16	Trinidad and Tobago	3	2020
17	Barbados	2.77	2020
18	United States	2.71	2020
19	Aruba	2.69	2020
20	China	2.36	2020
21	Portugal	2.23	2020
22	Israel	2.2	2020
23	Cyprus	1.95	2020
24	Chile	1.94	2020
25	Morocco	1.9	2020
26	Spain	1.77	2020
27	Finland	1.68	2020
28	Bahamas, The	1.66	2020
29	Slovenia	1.62	2020
30	Netherlands	1.54	2020
31	Austria	1.43	2020
32	Uruguay	1.39	2020
33	Philippines	1.38	2020
34	Honduras	1.36	2020
35	Colombia	1.35	2020
36	Indonesia	1.11	2020
37	Hungary	1.11	2020
38	Greece	1.1	2020
39	Australia	1.07	2020
40	El Salvador	1.06	2020
41	Kenya	1	2020
42	Slovak Republic	0.95	2020
43	Belize	0.93	2020
44	Czech Republic	0.9	2020
45	Peru	0.87	2020
46	Suriname	0.84	2020
47	Panama	0.75	2020
48	Croatia	0.71	2020
49	Sri Lanka	0.71	2020
50	Poland	0.61	2020
51	Bolivia	0.61	2020
52	Pakistan	0.58	2020
53	Cambodia	0.58	2020
54	Brunei Darussalam	0.54	2020
55	Ghana	0.52	2020
56	Lithuania	0.52	2020
57	Burkina Faso	0.5	2020
58	Ecuador	0.48	2020
59	Serbia	0.48	2020
60	Latvia	0.47	2020
61	Brazil	0.43	2020
62	Russian Federation	0.41	2020
63	Guatemala	0.35	2020
64	Argentina	0.33	2020
65	Jordan	0.32	2020
66	Bulgaria	0.3	2020
67	Cameroon	0.29	2020
68	Turkey	0.29	2020
69	Estonia	0.28	2020
70	North Macedonia	0.26	2020
71	Kazakhstan	0.25	2020
72	Mozambique	0.24	2020
73	Uganda	0.23	2020
74	Gabon	0.23	2020
75	Iceland	0.22	2020
76	Dominican Republic	0.22	2020
77	Romania	0.19	2020
78	Costa Rica	0.19	2020
79	Paraguay	0.17	2020
80	Belarus	0.14	2020
81	Ukraine	0.12	2020
82	Georgia	0.1	2020
83	Tanzania	0.09	2020
84	Albania	0.07	2020
85	Algeria	0.06	2020
86	Saudi Arabia	0.05	2020
87	Myanmar	0.05	2020
88	Moldova	0.05	2020
89	Yemen, Rep.	0.03	2020
90	Angola	0.01	2020
91	Mauritania	0.01	2020
92	Mongolia	0	2020

Rank	Country	Value	Year
1	Hong Kong SAR, China	19.39535	2020
2	Taiwan, China	13.64963	2020
3	Macao SAR, China	13.50893	2020
4	Denmark	8.311181	2020
5	Singapore	8.07201	2020
6	Luxembourg	7.513102	2020
7	Korea, Rep.	6.186125	2020
8	Namibia	5.493848	2020
9	Japan	5.416317	2020
10	France	5.291917	2020
11	Italy	4.920977	2020
12	Ireland	3.690671	2020
13	Thailand	3.174634	2020
14	Germany	3.095097	2020
15	Norway	3.048458	2020
16	Trinidad and Tobago	3.00022	2020
17	Barbados	2.767942	2020
18	United States	2.709823	2020
19	Aruba	2.686823	2020
20	China	2.360465	2020
21	Portugal	2.234681	2020
22	Israel	2.204948	2020
23	Cyprus	1.945304	2020
24	Chile	1.944082	2020
25	Morocco	1.903045	2020
26	Spain	1.770354	2020
27	Finland	1.680999	2020
28	Bahamas, The	1.663205	2020
29	Slovenia	1.618282	2020
30	Netherlands	1.539876	2020
31	Austria	1.431232	2020
32	Uruguay	1.393586	2020
33	Philippines	1.381447	2020
34	Honduras	1.355934	2020
35	Colombia	1.345357	2020
36	Indonesia	1.113971	2020
37	Hungary	1.11386	2020
38	Greece	1.099854	2020
39	Australia	1.074456	2020
40	El Salvador	1.055452	2020
41	Kenya	1.00328	2020
42	Slovak Republic	0.947061	2020
43	Belize	0.9254838	2020
44	Czech Republic	0.9013062	2020
45	Peru	0.8704649	2020
46	Suriname	0.8442521	2020
47	Panama	0.7525397	2020
48	Croatia	0.7126117	2020
49	Sri Lanka	0.7087664	2020
50	Poland	0.6071145	2020
51	Bolivia	0.6050683	2020
52	Pakistan	0.5758852	2020
53	Cambodia	0.5750118	2020
54	Brunei Darussalam	0.5388218	2020
55	Ghana	0.5189011	2020
56	Lithuania	0.5186191	2020
57	Burkina Faso	0.4956709	2020
58	Ecuador	0.4825304	2020
59	Serbia	0.4755037	2020
60	Latvia	0.4726919	2020
61	Brazil	0.4319939	2020
62	Russian Federation	0.4052369	2020
63	Guatemala	0.3541928	2020
64	Argentina	0.3308879	2020
65	Jordan	0.315286	2020
66	Bulgaria	0.3030805	2020
67	Cameroon	0.2877242	2020
68	Turkey	0.2858863	2020
69	Estonia	0.282266	2020
70	North Macedonia	0.2621558	2020
71	Kazakhstan	0.2477927	2020
72	Mozambique	0.2375287	2020
73	Uganda	0.2330681	2020
74	Gabon	0.2295663	2020
75	Iceland	0.2245487	2020
76	Dominican Republic	0.2222666	2020
77	Romania	0.1929751	2020
78	Costa Rica	0.1853771	2020
79	Paraguay	0.1714592	2020
80	Belarus	0.135366	2020
81	Ukraine	0.1194869	2020
82	Georgia	0.1020665	2020
83	Tanzania	0.0929092	2020
84	Albania	0.0720965	2020
85	Algeria	0.0593805	2020
86	Saudi Arabia	0.0481305	2020
87	Myanmar	0.0470394	2020
88	Moldova	0.0465265	2020
89	Yemen, Rep.	0.0279231	2020
90	Angola	0.0143608	2020
91	Mauritania	0.0130642	2020
92	Mongolia	0.0018334	2020