Gambia: Non-life insurance premium volume

The latest value from 2016 is 0.52 percent, an increase from 0.48 percent in 2015. In comparison, the world average is 1.15 percent, based on data from 161 countries. Historically, the average for the Gambia from 2002 to 2016 is 0.49 percent. The minimum value, 0.2 percent, was reached in 2005 while the maximum of 0.79 percent was recorded in 2008. 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.