Colombia: Non-life insurance premium volume, percent of GDP
, 1994 - 2017:
For that indicator, we provide data for Colombia from 1994 to 2017. The average value for Colombia during that period was 1.2 percent with a minimum of 1 percent in 2000 and a maximum of 1.48 percent in 1994.
The latest value from 2017 is 1.26 percent. For comparison, the world average in 2017 based on 104
countries is 1.24 percent.
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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.