Grenada: Life insurance volume

The latest value from 2019 is 1.43 percent, an increase from 1.33 percent in 2018. In comparison, the world average is 1.74 percent, based on data from 131 countries. Historically, the average for Grenada from 1999 to 2019 is 2.74 percent. The minimum value, 1.03 percent, was reached in 2008 while the maximum of 8.63 percent was recorded in 2004. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of 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.