What is the difference in insurance indicators — penetration between Australia and Brazil?

0.41 Percentage of GDP, with Brazil ahead.

How many years of comparable data are there for Australia and Brazil?

14 years are reported by both, from 2011 to 2024.

Where does this data come from?

Organisation for Economic Co-operation and Development, published as Insurance indicators — Penetration. Statizoid refreshes it automatically from the source and publishes the full history for both places.

Australia vs Brazil: Insurance indicators — Penetration

Australia

3.03 Percentage of GDP

in 2024

Brazil

3.44 Percentage of GDP

in 2024

Australia rank

32nd

Brazil rank

29th

Insurance indicators — Penetration over time

Australia
Brazil

How they compare

Brazil currently reports 3.44 Percentage of GDP against 3.03 Percentage of GDP in Australia, a difference of 0.41 Percentage of GDP.

That makes Brazil's figure about 1.1 times Australia's.

The two have swapped places 1 time across 14 shared years of data; in 2011 it was Australia ahead.

Australia ranks 32nd and Brazil ranks 29th of 52 countries.

Across the 2 decades both report, Australia averaged higher in 1 and Brazil in 1.

Head to head by decade

Decade	Australia	Brazil	Difference	Ahead
2010s	4.85 Percentage of GDP	2.98 Percentage of GDP	1.87 Percentage of GDP	Australia
2020s	3.13 Percentage of GDP	3.28 Percentage of GDP	0.145 Percentage of GDP	Brazil

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Australia or Brazil?: Brazil, at 3.44 Percentage of GDP against 3.03 Percentage of GDP in Australia as of 2024.
What is the difference in insurance indicators — penetration between Australia and Brazil?: 0.41 Percentage of GDP, with Brazil ahead.
How many years of comparable data are there for Australia and Brazil?: 14 years are reported by both, from 2011 to 2024.
How do Australia and Brazil rank globally for insurance indicators — penetration?: Australia ranks 32nd and Brazil ranks 29th of 52 countries.
Where does this data come from?: Organisation for Economic Co-operation and Development, published as Insurance indicators — Penetration. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs Brazil: Insurance indicators — Penetration. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 20 August 2026, from https://reference.statizoid.com/compare/insurance-indicators-penetration/australia/brazil/

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About this data

Indicator: Insurance indicators — Penetration
Unit: Percentage of GDP
Source: Organisation for Economic Co-operation and Development
Licence: OECD Terms and Conditions (attribution required)
Coverage: 62 places, 1,565 data points, 1983–2024
Last refreshed: 18 August 2026

This dataset includes key indicators on the insurance industry, such as insurance penetration (gross written premiums as a percentage of GDP), insurance density (gross written premiums in USD per capita), the share of life and non-life insurance in the total insurance business (life and non-life gross written premiums as a percentage of gross premiums), the retention ratio (net written premiums as a percentage of gross premiums) and the reinsurance share (reinsurance accepted as a percentage of gross premiums). This dataset also shows the domestic market share of foreign-controlled undertakings and branches/agencies in each reporting jurisdiction, and the geographical distribution of premiums written within the OECD.