How Business Life Insurance Generates to the Economy?

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

Based on a comparison of 56 countries in 2013, Denmark ranked the highest in life insurance premium as a percentage of GDP with 64.1% followed by Luxembourg and Ireland. On the other end of the scale was Costa Rica with 0.025%, Honduras with 0.085% and Russia with 0.093%.

Data for more countries are available at Life Insurance Premium (As % of GDP) indicator page.

Life Insurance Premium (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 % 6.43% 5.49% 5.28% 5.26% 4.88%
Denmark % 5.83% 6.23% 6.23% 6.44% 6.76%
France % 7.02% 6.13% ... ... 6.27%
Hong Kong % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 9.56% 10.0% 9.98%
Ireland % ... 19.6% 25.3% 16.2% 16.6% 14.8%
Italy % 4.13% 3.55% 2.87% 3.07% 2.85%
Japan % 6.21% 7.02% 7.49% 7.28% 7.76%
Luxembourg % ... 27.8% 26.0% 42.8% 49.5% 29.3%
Portugal % 5.25% 6.10% 5.72% 6.58% 4.09%
Singapore % ... ... ... ... ... ... ... ... ... ... ... ... 1.76% 2.11% 2.60%
South Africa % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10.4% 10.4%
South Korea % ... 7.07% 6.74% 6.81% 6.58% 6.60%
Switzerland % 5.01% 5.29% 5.06% 5.03% 4.97%
USA % 5.38% 5.51% 5.54% 5.34% 5.57%
United Kingdom % 16.2% 10.6% 10.3% 8.95% 8.70%