* indicates monthly or quarterly data series

Life insurance premium volume, percent of GDP, 2019 - Country rankings:

The average for 2019 based on 92 countries was 1.84 percent.The highest value was in Hong Kong: 16.91 percent and the lowest value was in Eritrea: 0.01 percent. The indicator is available from 1990 to 2019. Below is a chart for all countries where data are available.

Measure: percent; Source: Swiss Re
Select indicator
* indicates monthly or quarterly data series


Countries Life insurance volume, 2019 Global rank Available data
Hong Kong 16.91 1 1992 - 2019
Taiwan 16.54 2 1992 - 2019
South Africa 10.44 3 1994 - 2019
Denmark 7.98 4 1990 - 2019
South Korea 6.13 5 1993 - 2019
Singapore 5.94 6 1993 - 2019
Italy 5.92 7 1991 - 2019
Macao 5.88 8 1996 - 2019
Sweden 5.79 9 1990 - 2019
Ireland 3.69 10 1990 - 2019
Thailand 3.63 11 1990 - 2019
Belgium 3.41 12 1999 - 2019
Portugal 3.26 13 1994 - 2019
Canada 3.23 14 1992 - 2019
Luxembourg 3.17 15 1993 - 2019
Norway 3.08 16 1993 - 2019
Tr.&Tobago 2.75 17 1990 - 2019
Chile 2.64 18 1990 - 2019
USA 2.64 19 1996 - 2019
Aruba 2.58 20 2001 - 2019
Finland 2.5 21 1993 - 2019
Barbados 2.48 22 1990 - 2019
Malaysia 2.45 23 1990 - 2019
China 2.34 24 1992 - 2019
Israel 2.32 25 1990 - 2019
Spain 1.91 26 1990 - 2019
Namibia 1.62 27 1997 - 2019
Bahamas 1.57 28 1991 - 2019
Slovenia 1.57 29 1995 - 2019
Netherlands 1.52 30 1992 - 2019
Australia 1.51 31 1993 - 2019
Austria 1.37 32 1993 - 2019
Colombia 1.29 33 1994 - 2019
Fiji 1.25 34 1991 - 2019
Philippines 1.25 35 1990 - 2019
Uruguay 1.22 36 1995 - 2019
Indonesia 1.17 37 1990 - 2019
Hungary 1.13 38 1991 - 2019
Mexico 1.12 39 1992 - 2019
Slovakia 1.07 40 1993 - 2019
Greece 1.05 41 1995 - 2019
Kenya 1.04 42 1990 - 2019
Czechia 0.92 43 1993 - 2019
New Zealand 0.9 44 1995 - 2019
Peru 0.84 45 1993 - 2019
El Salvador 0.8 46 1992 - 2019
Croatia 0.77 47 1994 - 2019
Brunei 0.72 48 1997 - 2019
Poland 0.66 49 1994 - 2019
Ivory Coast 0.64 50 1995 - 2019
Malawi 0.64 51 1997 - 2019
Panama 0.62 52 1994 - 2019
Honduras 0.61 53 1990 - 2019
Pakistan 0.57 54 1995 - 2019
Sri Lanka 0.57 55 1995 - 2019
Cambodia 0.53 56 2014 - 2019
Bolivia 0.5 57 1990 - 2019
Lithuania 0.48 58 1995 - 2019
Serbia 0.48 59 1997 - 2019
Ecuador 0.44 60 1994 - 2019
Latvia 0.42 61 1993 - 2019
Brazil 0.41 62 1994 - 2019
Costa Rica 0.37 63 1994 - 2019
Egypt 0.37 64 1994 - 2019
Ghana 0.37 65 1990 - 2019
Nicaragua 0.33 66 1995 - 2019
Estonia 0.32 67 1994 - 2019
Bulgaria 0.31 68 1994 - 2019
Guatemala 0.3 69 1990 - 2019
Argentina 0.28 70 1990 - 2019
Azerbaijan 0.27 71 1999 - 2019
Jordan 0.27 72 1992 - 2019
North Macedonia 0.26 73 1996 - 2019
Turkey 0.26 74 1990 - 2019
Domin. Rep. 0.24 75 1991 - 2019
Iceland 0.21 76 1990 - 2019
Mozambique 0.21 77 1994 - 2019
Uganda 0.21 78 1996 - 2019
Guyana 0.2 79 1997 - 2019
Romania 0.2 80 1993 - 2019
Kazakhstan 0.19 81 1997 - 2019
Paraguay 0.15 82 1990 - 2019
Belarus 0.13 83 1998 - 2019
Ukraine 0.12 84 1994 - 2019
Uzbekistan 0.11 85 2008 - 2019
Georgia 0.09 86 1997 - 2019
Albania 0.07 87 1997 - 2019
Algeria 0.05 88 1992 - 2019
Moldova 0.05 89 2000 - 2019
Saudi Arabia 0.04 90 1992 - 2019
Eritrea 0.01 91 2002 - 2019
Syria 0.01 92 1990 - 2019


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.
16.91
16.54
10.44
7.98
6.13
5.94
5.92
5.88
5.79
3.69
3.63
3.41
3.26
3.23
3.17
3.08
2.75
2.64
2.64
2.58
2.50
2.48
2.45
2.34
2.32
1.91
1.62
1.57
1.57
1.52
1.51
1.37
1.29
1.25
1.25
1.22
1.17
1.13
1.12
1.07
1.05
1.04
0.92
0.90
0.84
0.80
0.77
0.72
0.66
0.64
0.64
0.62
0.61
0.57
0.57
0.53
0.50
0.48
0.48
0.44
0.42
0.41
0.37
0.37
0.37
0.33
0.32
0.31
0.30
0.28
0.27
0.27
0.26
0.26
0.24
0.21
0.21
0.21
0.20
0.20
0.19
0.15
0.13
0.12
0.11
0.09
0.07
0.05
0.05
0.04
0.01
0.01
0
4.2
8.5
12.7
16.91
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