For that indicator, we provide data for Latvia from 1993 to 2019. The average value for Latvia during that period was 0.24 percent with a minimum of 0.06 percent in 2001 and a maximum of 0.43 percent in 2017.
The latest value from 2019 is 0.42 percent. For comparison, the world average in 2019 based on 92
countries is 1.84 percent.
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.