Total Insurance Expenditure

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

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