Australia vs Mexico: Insurance indicators — Penetration

Australia
3.03 Percentage of GDP
in 2024
Mexico
2.76 Percentage of GDP
in 2024
Australia rank
32nd
Mexico rank
33rd

Insurance indicators — Penetration over time

  • Australia
  • Mexico
2468198320032024

How they compare

Australia currently reports 3.03 Percentage of GDP against 2.76 Percentage of GDP in Mexico, a difference of 0.27 Percentage of GDP.

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

Across all 33 years both countries report, Australia has been ahead every year.

Australia ranks 32nd and Mexico ranks 33rd of 52 countries.

Australia has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Australia Mexico Difference Ahead
1990s 6.65 Percentage of GDP 1.4 Percentage of GDP 5.25 Percentage of GDP Australia
2000s 6.33 Percentage of GDP 1.55 Percentage of GDP 4.78 Percentage of GDP Australia
2010s 4.86 Percentage of GDP 2.03 Percentage of GDP 2.83 Percentage of GDP Australia
2020s 3.13 Percentage of GDP 2.51 Percentage of GDP 0.6254 Percentage of GDP Australia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Australia or Mexico?
Australia, at 3.03 Percentage of GDP against 2.76 Percentage of GDP in Mexico as of 2024.
What is the difference in insurance indicators — penetration between Australia and Mexico?
0.27 Percentage of GDP, with Australia ahead.
How many years of comparable data are there for Australia and Mexico?
33 years are reported by both, from 1992 to 2024.
How do Australia and Mexico rank globally for insurance indicators — penetration?
Australia ranks 32nd and Mexico ranks 33rd 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 Mexico: Insurance indicators — Penetration. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 19 August 2026, from https://reference.statizoid.com/compare/insurance-indicators-penetration/australia/mexico/

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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

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.