Total Insurance Expenditure
This key economic indicator for the Insurance sector has been recently updated.
- In 2019, Total Insurance Expenditure in Ireland grew 4points from a year earlier.
- Since 2014 United Kingdom Total Insurance Expenditure rose 3.5points year on year attaining 12.78 Percent of GDP.
- In 2019 United States was ranked number 5 in Total Insurance Expenditure.
- 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
Percent of GDP - 1983 to 2019
| # | 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 |
Source: OECD