Libya: Life insurance volume

The latest value from 2012 is 0.01 percent, a decline from 0.02 percent in 2011. In comparison, the world average is 1.45 percent, based on data from 156 countries. Historically, the average for Libya from 1993 to 2012 is 0.03 percent. The minimum value, 0.01 percent, was reached in 2004 while the maximum of 0.07 percent was recorded in 1993. 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.