Latvia - Total Insurance Expenditure

Since 2014, Latvia Total Insurance Expenditure jumped by 3.3points year on year. At 2.57 Percent of GDP in 2019, the country was ranked number 36 among other countries in Total Insurance Expenditure. Latvia is overtaken by Honduras, which was number 35 with 2.63 Percent of GDP and is followed by Iceland with 2.44 Percent of GDP. Luxembourg lead the ranking with 35.37 Percent of GDP in 2019, +2.4points compared to 2018. South Africa, United Kingdom and Ireland respectively ranked number 2, 3 and 4 in this ranking. Slovakia witnessed the best average annual 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 2.57
2018 2.59
2017 2.41
2016 2.12
2015 2.17
Download all data from 2009 to 2019

How does Latvia 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
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
Compare all 54 countries

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