The macro-economic situation in Greece has continued to be in financial (public debt) crisis since 2008, which has also adversely affected the private sector of the economy and most particularly credit institutions. The average GDP per capita has substantially decreased by about 14% since 2007; it was about US $ 32,000 in 2007 and fell to about US $ 28,580 in 2018. This is reflected in the insurance market as well, as the total revenue from premiums and the average insurance premium per capita have been steadily decreasing over the past years.