Australia vs New Zealand: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Australia
- New Zealand
How they compare
New Zealand currently reports 3.35 Percentage of GDP against 3.03 Percentage of GDP in Australia, a difference of 0.32 Percentage of GDP.
That makes New Zealand's figure about 1.1 times Australia's.
The two have swapped places 1 time across 30 shared years of data; in 1988 it was Australia ahead.
Australia ranks 32nd and New Zealand ranks 30th of 52 countries.
Across the 5 decades both report, Australia averaged higher in 4 and New Zealand in 1.
Head to head by decade
| Decade | Australia | New Zealand | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 5.57 Percentage of GDP | 3.11 Percentage of GDP | 2.47 Percentage of GDP | Australia |
| 1990s | 6.33 Percentage of GDP | 2.27 Percentage of GDP | 4.06 Percentage of GDP | Australia |
| 2000s | 6.25 Percentage of GDP | 2.4 Percentage of GDP | 3.85 Percentage of GDP | Australia |
| 2010s | 4.94 Percentage of GDP | 2.61 Percentage of GDP | 2.33 Percentage of GDP | Australia |
| 2020s | 3.21 Percentage of GDP | 3.41 Percentage of GDP | 0.2065 Percentage of GDP | New Zealand |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Australia or New Zealand?
- New Zealand, at 3.35 Percentage of GDP against 3.03 Percentage of GDP in Australia as of 2021.
- What is the difference in insurance indicators — penetration between Australia and New Zealand?
- 0.32 Percentage of GDP, with New Zealand ahead.
- How many years of comparable data are there for Australia and New Zealand?
- 30 years are reported by both, from 1988 to 2021.
- How do Australia and New Zealand rank globally for insurance indicators — penetration?
- Australia ranks 32nd and New Zealand ranks 30th 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.
Individual pages
About this data
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.