Total Insurance Expenditure

This key economic indicator for the Insurance sector has been recently updated.

  1. Ireland grew 4points of Total Insurance Expenditure in 2019, from a year earlier.
  2. Since 2014 United Kingdom Total Insurance Expenditure jumped by 3.5points year on year totalising 12.78 Percent of GDP.
  3. In 2019 United States was ranked number 5 in Total Insurance Expenditure.
  4. In 2018 Honduras was ranked number 35 in Total Insurance Expenditure totalising 2.63 Percent of GDP, compared to 54 in 2017.

Top Countries in Total Insurance Expenditure

# 54 Countries Percent of GDP Last YoY 5‑years CAGR
1 #1
Luxembourg
35.37 % 2019 +2.4 % -3.9 % View data
2 #2
South Africa
14.22 % 2019 +0.3 % -0.2 % View data
3 #3
United Kingdom
12.78 % 2019 -2.7 % +3.5 % View data
4 #4
Ireland
12.69 % 2019 +4.0 % -8.6 % View data
5 #5
United States
11.32 % 2019 +0.5 % +0.8 % View data
6 #6
Denmark
11.16 % 2019 +0.4 % +1.4 % View data
7 #7
France
10.77 % 2019 +1.2 % +3.2 % View data
8 #8
South Korea
10.75 % 2019 +2.3 % -2.1 % View data
9 #9
Netherlands
9.60 % 2019 +2.8 % +12.3 % View data
10 #10
Singapore
9.41 % 2019 +3.0 % +3.7 % View data
11 #11
Sweden
8.60 % 2019 +0.6 % +0.8 % View data
12 #12
Switzerland
8.33 % 2019 -0.6 % -1.7 % View data
13 #13
Italy
7.79 % 2019 +1.5 % -2.4 % View data
14 #14
Japan
7.70 % 2019 -0.8 % +2.4 % View data
15 #15
Germany
6.36 % 2019 -0.6 % -0.5 % View data
16 #16
Belgium
5.91 % 2019 -3.1 % -3.1 % View data
17 #17
Portugal
5.67 % 2019 -3.0 % -6.3 % View data
18 #18
Slovakia
5.21 % 2019 +4.0 % +12.4 % View data
19 #19
Norway
5.14 % 2019 +1.5 % -0.6 % View data
19 #19
Spain
5.14 % 2019 +0.7 % -0.0 % View data
21 #21
Israel
4.98 % 2019 -0.6 % +1.4 % View data
22 #22
Chile
4.74 % 2019 +1.9 % +2.5 % View data
23 #23
Slovenia
4.63 % 2019 -1.1 % -1.3 % View data
24 #24
Malaysia
4.43 % 2019 +0.7 % -1.6 % View data
25 #25
Austria
4.42 % 2019 -0.7 % -2.9 % View data
26 #26
Canada
4.37 % 2019 -2.9 % +0.5 % View data
27 #27
Australia
4.13 % 2019 +0.0 % -7.1 % View data
28 #28
Estonia
3.65 % 2019 +2.8 % +3.1 % View data
29 #29
India
3.58 % 2017 +0.1 % NA View data
30 #30
Brazil
3.20 % 2019 +3.7 % +2.4 % View data
31 #31
Poland
2.84 % 2019 +0.4 % -2.1 % View data
32 #32
Colombia
2.83 % 2019 +2.1 % +2.5 % View data
33 #33
Czech Republic
2.79 % 2019 -1.0 % -5.0 % View data
34 #34
Uruguay
2.74 % 2019 +2.1 % +3.8 % View data
35 #35
Honduras
2.63 % 2018 NA +5.8 % View data
36 #36
Latvia
2.57 % 2019 -0.7 % +3.3 % View data
37 #37
Iceland
2.44 % 2019 -1.4 % +0.0 % View data
38 #38
New Zealand
2.44 % 2019 -0.1 % -1.7 % View data
39 #39
Argentina
2.40 % 2019 +3.7 % +0.2 % View data
40 #40
Finland
2.34 % 2019 +25.9 % -14.3 % View data
41 #41
Hungary
2.33 % 2019 -1.2 % -1.6 % View data
42 #42
Mexico
2.32 % 2019 +1.9 % +2.6 % View data
43 #43
Costa Rica
2.24 % 2019 +1.2 % -0.3 % View data
44 #44
Greece
2.03 % 2019 -0.3 % -0.7 % View data
45 #45
Lithuania
1.95 % 2019 +0.4 % +3.5 % View data
46 #46
Indonesia
1.83 % 2019 +2.2 % +3.1 % View data
47 #47
Peru
1.73 % 2019 -0.5 % -0.5 % View data
48 #48
Nicaragua
1.69 % 2019 +0.3 % +2.5 % View data
49 #49
Russia
1.45 % 2019 -0.1 % +2.9 % View data
50 #50
Turkey
1.39 % 2019 +3.3 % +2.1 % View data
51 #51
Sri Lanka
1.30 % 2019 +2.1 % +7.1 % View data
52 #52
Bolivia
1.29 % 2018 +1.7 % NA View data
53 #53
Guatemala
1.19 % 2019 +0.5 % -0.9 % View data
54 #54
Paraguay
1.05 % 2019 +1.0 % NA View data

Source: OECD

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