economic2024

Insurance premiums as a share of GDP

Name: Insurance premiums as a share of GDP
Creator: Organisation for Economic Co-operation and Development (OECD)
Keywords: trend-research-500, oecd, finance-markets-taxation, insurance, premiums, share, gdp

Compare insurance premiums as a share of gdp across 52 countries or territories using one fixed 2024 OECD reference slice.

Source: Organisation for Economic Co-operation and Development (OECD)•52 countries

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Key Insights

Global Average

5.4Percentage of GDP

Median: 3.5Percentage of GDP

Countries Covered

52

with available data

Highest

Luxembourg

33.0Percentage of GDP

Lowest

Romania

1.1Percentage of GDP

Top 5 Countries

1Luxembourg33.0Percentage of GDP

2Hong Kong18.5Percentage of GDP

3United States of America12.7Percentage of GDP

4Sweden12.4Percentage of GDP

5United Kingdom11.8Percentage of GDP

By Region

Asia10.2Percentage of GDP(4 countries)

Europe6.4Percentage of GDP(28 countries)

North America5.9Percentage of GDP(4 countries)

Oceania3.0Percentage of GDP(1 countries)

South America3.0Percentage of GDP(7 countries)

Key Findings

•52 ISO-mapped countries or territories have a finite Percentage of GDP observation in the fixed 2024 slice.
•Luxembourg has the highest published value (32.991 Percentage of GDP).
•Romania has the lowest published value (1.109 Percentage of GDP).

Country Rankings

Top 10 Countries

Bottom 10 Countries

Data Analysis

Value Distribution

How countries are distributed across the value range

Low (1.1Percentage of GDP)High (33.0Percentage of GDP)

Regional Comparison

Average values by world region (Global avg: 5.4Percentage of GDP)

Asia (4)

Europe (28)

North America (4)

Oceania (1)

South America (7)

Other (8)

Percentile Profile

The curve shows how values change from the lowest to the highest country. Steep sections reveal inequality or outliers.

0th percentile · lowest100th percentile · highest

About This Statistic

OECD Insurance indicators measure 'Penetration'. The map uses the exact official 2024 slice in Percentage of GDP; fixed dimensions: FREQ=A (Annual); PREMIUMS=GRS (Gross written premiums); OWNERSHIP=_Z (Not applicable); INSURANCE_TYPE=_T (Total); INSURANCE_BUSINESS=_Z (Not applicable); INSURER_TYPE=_Z (Not applicable); CONTRACT_TYPE=_Z (Not applicable); EMPLOYER_TYPE=_Z (Not applicable); RISK_LOCATION=_Z (Not applicable); COUNTERPART_AREA=_Z (Not applicable); INSURANCE_CLASS=_Z (Not applicable); DESTINATION=_Z (Not applicable); CURRENCY=USD (US dollar).

MapTheory uses only finite ISO-mapped observations from the fixed 2024 OECD slice recorded below. Aggregates, missing values, non-ISO geographies, conflicting duplicate observations, and every other year or dimension slice are excluded; MapTheory never imputes or interpolates missing countries.

Methodology

OECD Insurance indicators measure 'Penetration'. The map uses the exact official 2024 slice in Percentage of GDP; fixed dimensions: FREQ=A (Annual); PREMIUMS=GRS (Gross written premiums); OWNERSHIP=_Z (Not applicable); INSURANCE_TYPE=_T (Total); INSURANCE_BUSINESS=_Z (Not applicable); INSURER_TYPE=_Z (Not applicable); CONTRACT_TYPE=_Z (Not applicable); EMPLOYER_TYPE=_Z (Not applicable); RISK_LOCATION=_Z (Not applicable); COUNTERPART_AREA=_Z (Not applicable); INSURANCE_CLASS=_Z (Not applicable); DESTINATION=_Z (Not applicable); CURRENCY=USD (US dollar).

Full Data

Rank ↑	Country ↕	Value ↕
1	Luxembourg	33.0Percentage of GDP
2	Hong Kong	18.5Percentage of GDP
3	United States of America	12.7Percentage of GDP
4	Sweden	12.4Percentage of GDP
5	United Kingdom	11.8Percentage of GDP
6	Ireland	11.7Percentage of GDP
7	Denmark	11.6Percentage of GDP
8	France	11.0Percentage of GDP
9	Taiwan, Province of China	10.8Percentage of GDP
10	Netherlands	8.3Percentage of GDP
11	Japan	7.7Percentage of GDP
12	Belgium	7.5Percentage of GDP
13	Canada	7.0Percentage of GDP
14	Italy	6.9Percentage of GDP
15	Switzerland	6.7Percentage of GDP
16	Germany	5.9Percentage of GDP
17	Norway	5.9Percentage of GDP
18	Portugal	4.7Percentage of GDP
19	Spain	4.5Percentage of GDP
20	Chile	4.4Percentage of GDP
21	Austria	4.4Percentage of GDP
22	Israel	3.8Percentage of GDP
23	Slovenia	3.6Percentage of GDP
24	Estonia	3.6Percentage of GDP
25	Uruguay	3.6Percentage of GDP
26	Finland	3.5Percentage of GDP
27	Brazil	3.4Percentage of GDP
28	Colombia	3.3Percentage of GDP
29	Latvia	3.1Percentage of GDP
30	Australia	3.0Percentage of GDP
31	Mexico	2.8Percentage of GDP
32	Czech Republic	2.6Percentage of GDP
33	El Salvador	2.4Percentage of GDP
34	Costa Rica	2.4Percentage of GDP
35	Bulgaria	2.3Percentage of GDP
36	Iceland	2.3Percentage of GDP
37	Greece	2.3Percentage of GDP
38	Panama	2.2Percentage of GDP
39	Argentina	2.2Percentage of GDP
40	Poland	2.2Percentage of GDP
41	Hungary	2.0Percentage of GDP
42	Peru	2.0Percentage of GDP
43	Lithuania	2.0Percentage of GDP
44	Honduras	2.0Percentage of GDP
45	Ecuador	1.9Percentage of GDP
46	Türkiye	1.9Percentage of GDP
47	Bolivia	1.6Percentage of GDP
48	Slovakia	1.6Percentage of GDP
49	Nicaragua	1.5Percentage of GDP
50	Guatemala	1.4Percentage of GDP
51	Paraguay	1.2Percentage of GDP
52	Romania	1.1Percentage of GDP

Showing 52 of 52 countries

Topics

#trend-research-500 #oecd #finance-markets-taxation #insurance #premiums #share #gdp

Data Source

This data comes from Organisation for Economic Co-operation and Development (OECD) (2024).

View Original Source