Namibia: Non-life insurance premium volume

* indicates monthly or quarterly data series
 Namibia

Non-life insurance premium volume, percent of GDP

 Latest value 1.23
 Year 2020
 Measure percent
 Data availability 1996 - 2020
 Average 1.84
 Min - Max 1.23 - 2.20
 Source Swiss Re
 Available for Data download
The latest value from 2020 is 1.23 percent, a decline from 1.61 percent in 2019. In comparison, the world average is 1.37 percent, based on data from 96 countries. Historically, the average for Namibia from 1996 to 2020 is 1.84 percent. The minimum value, 1.23 percent, was reached in 2020 while the maximum of 2.2 percent was recorded in 2004. See the global rankings for that indicator or use the country comparator to compare trends over time.
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 Recent values Namibia: Non-life insurance premium volume
 2020 1.23
 2019 1.61
 2018 1.51
 2017 1.56
 2016 1.62
 2015 1.77
 2014 1.87
 2013 1.98




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.

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 Stock market return 28.59 2021 percent
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