Cape Verde: Non-life insurance premium volume

The latest value from 2018 is 1.2 percent, a decline from 1.23 percent in 2017. In comparison, the world average is 1.15 percent, based on data from 154 countries. Historically, the average for Cape Verde from 1992 to 2018 is 1.29 percent. The minimum value, 1.09 percent, was reached in 1997 while the maximum of 1.61 percent was recorded in 2002. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of non-life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are 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.