Bolivia vs Guatemala: Insurance indicators — Penetration

Bolivia
1.63 Percentage of GDP
in 2024
Guatemala
1.39 Percentage of GDP
in 2024
Bolivia rank
48th
Guatemala rank
50th

Insurance indicators — Penetration over time

  • Bolivia
  • Guatemala
00.511.5201120172024

How they compare

Bolivia currently reports 1.63 Percentage of GDP against 1.39 Percentage of GDP in Guatemala, a difference of 0.24 Percentage of GDP.

That makes Bolivia's figure about 1.2 times Guatemala's.

The two have swapped places 3 times across 10 shared years of data; in 2012 it was Guatemala ahead.

Bolivia ranks 48th and Guatemala ranks 50th of 52 countries.

Bolivia has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Bolivia Guatemala Difference Ahead
2010s 1.31 Percentage of GDP 1.26 Percentage of GDP 0.0502 Percentage of GDP Bolivia
2020s 1.6 Percentage of GDP 1.35 Percentage of GDP 0.249 Percentage of GDP Bolivia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Bolivia or Guatemala?
Bolivia, at 1.63 Percentage of GDP against 1.39 Percentage of GDP in Guatemala as of 2024.
What is the difference in insurance indicators — penetration between Bolivia and Guatemala?
0.24 Percentage of GDP, with Bolivia ahead.
How many years of comparable data are there for Bolivia and Guatemala?
10 years are reported by both, from 2012 to 2024.
How do Bolivia and Guatemala rank globally for insurance indicators — penetration?
Bolivia ranks 48th and Guatemala ranks 50th 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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Bolivia vs Guatemala: 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/bolivia/guatemala/

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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.