South Korea - Total Insurance Expenditure
Since 2014, South Korea Total Insurance Expenditure fell by 2.1points year on year. With 10.75 Percent of GDP in 2019, the country was number 8 among other countries in Total Insurance Expenditure. South Korea is overtaken by France, which was ranked number 7 at 10.77 Percent of GDP and is followed by Netherlands at 9.6 Percent of GDP. Luxembourg ranked the highest with 35.37 Percent of GDP in 2019, that is a growth of 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 witnessed the worst performance at -14.3points per year.
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| Date | Percent of GDP |
|---|---|
| 2019 | 10.75 |
| 2018 | 10.51 |
| 2017 | 11.02 |
| 2016 | 11.74 |
| 2015 | 11.89 |
Download all data from 1994 to 2019
How does South Korea 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 | |
| 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 | |