Australia - Total Insurance Expenditure
Since 2014, Australia Total Insurance Expenditure decreased by 7.1points year on year. With 4.13 Percent of GDP in 2019, the country was number 27 comparing other countries in Total Insurance Expenditure. Australia is overtaken by Canada, which was number 26 at 4.37 Percent of GDP and is followed by Estonia at 3.65 Percent of GDP. Luxembourg ranked the highest with 35.37 Percent of GDP in 2019, +2.4points versus 2018. South Africa, United Kingdom and Ireland respectively ranked number 2, 3 and 4 in this ranking. Slovakia recorded the best 5 years average growth at +12.4points per year, while Finland recorded the worst performance at -14.3points per year.
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| Date | Percent of GDP |
|---|---|
| 2019 | 4.13 |
| 2018 | 4.13 |
| 2017 | 4.44 |
| 2016 | 4.95 |
| 2015 | 5.62 |
Download all data from 1983 to 2019
How does Australia rank 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 | |
| 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 | |