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How Big Are Insurance Savings vs. the Economy?

Life & Non-Life Insurance Reserves (As % of GDP) (%), 2013 or latest

Insurance | February 22, 2018

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Based on a comparison of 53 countries in 2013, Luxembourg ranked the highest in life & non-life insurance reserves as a percentage of GDP with 283% followed by Ireland and United Kingdom. On the other end of the scale was Armenia with 0.214%, Belarus with 0.532% and Kazakhstan with 0.569%.

Data for more countries are available at Life & Non-Life Insurance Reserves (As % of GDP) indicator page.

Life & Non-Life Insurance Reserves (As % of GDP)	Unit	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013
Belgium	%	...	...	...	...	...	...	...	...	...	...					56.9%	49.7%	57.7%	57.0%	52.7%
Finland	%	...	...	...	...	...	...	...	...	...	...					22.5%	17.9%	22.9%	19.3%	19.9%
France	%	...	...	...	...	...	...	...	...	...	...					64.3%	63.8%	74.7%	73.3%	67.6%
Germany	%	...	...	...	...	...	...	...	...	...	...					40.2%	35.5%	42.1%	40.9%	37.2%
Ireland	%	...	...	...	...	...	...	...	...	...	...	...				86.8%	70.6%	102%	116%	104%
Italy	%	...	...	...	...	...	...	...	...	...	...	...				28.5%	23.7%	29.4%	29.9%	27.4%
Japan	%	...	...	...	...	...	...	...	...	...	...	...				40.5%	44.2%	40.4%	41.4%	40.9%		...
Luxembourg	%	...	...	...	...	...	...	...	...	...	...	...				174%	144%	211%	238%	213%
Malta	%	...	...	...	...	...	...	...	...	...	...					23.3%	20.0%	25.3%	26.4%	23.4%
Netherlands	%	...	...	...	...	...	...	...	...	...	...					46.6%	40.6%	47.4%	47.9%	43.6%
Norway	%	...	...	...	...	...	...	...	...	...	...					34.3%	23.4%	34.7%	35.1%	30.4%
Portugal	%	...	...	...	...	...	...	...	...	...	...					28.6%	25.1%	30.4%	30.7%	25.0%		...
South Africa	%	...	...	...	...	...	...	...	...	...	...	...				62.1%	44.6%	57.3%	55.3%	43.1%		...
South Korea	%	...	...	...	...	...	...	...	...	...	...	...				24.3%	21.9%	28.9%	27.7%	28.0%		...
United Kingdom	%	...	...	...	...	...	...	...	...	...	...	...		...		92.2%	71.9%	84.6%	82.4%	73.6%