South Korea - Total Insurance Expenditure

Since 2014, South Korea Total Insurance Expenditure was down by 2.1points year on year. In 2019, the country was number 8 among other countries in Total Insurance Expenditure with 10.75 Percent of GDP. South Korea is overtaken by France, which was ranked number 7 at 10.77 Percent of GDP and is followed by Netherlands with 9.6 Percent of GDP. Luxembourg lead the ranking 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 recorded the best 5 years average 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
Compare all 54 countries

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