How Big Are Insurance Savings vs. the Economy?

Life & Non-Life Insurance Reserves (As % of GDP) (%), 2013 or latest
Insurance | February 22, 2018
$2.99
Excel Sheet

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%