What is the difference in insurance indicators — penetration between Bulgaria and Iceland?

0.01 Percentage of GDP, with Bulgaria ahead.

How many years of comparable data are there for Bulgaria and Iceland?

7 years are reported by both, from 2018 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.

Bulgaria vs Iceland: Insurance indicators — Penetration

Bulgaria

2.28 Percentage of GDP

in 2024

Iceland

2.27 Percentage of GDP

in 2024

Bulgaria rank

37th

Iceland rank

38th

Insurance indicators — Penetration over time

Bulgaria
Iceland

How they compare

Bulgaria currently reports 2.28 Percentage of GDP against 2.27 Percentage of GDP in Iceland, a difference of 0.01 Percentage of GDP.

The two have swapped places 1 time across 7 shared years of data; in 2018 it was Iceland ahead.

Bulgaria ranks 37th and Iceland ranks 38th of 52 countries.

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

Head to head by decade

Decade	Bulgaria	Iceland	Difference	Ahead
2010s	2.32 Percentage of GDP	2.4 Percentage of GDP	0.082 Percentage of GDP	Iceland
2020s	2.25 Percentage of GDP	2.3 Percentage of GDP	0.0494 Percentage of GDP	Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Bulgaria or Iceland?: Bulgaria, at 2.28 Percentage of GDP against 2.27 Percentage of GDP in Iceland as of 2024.
What is the difference in insurance indicators — penetration between Bulgaria and Iceland?: 0.01 Percentage of GDP, with Bulgaria ahead.
How many years of comparable data are there for Bulgaria and Iceland?: 7 years are reported by both, from 2018 to 2024.
How do Bulgaria and Iceland rank globally for insurance indicators — penetration?: Bulgaria ranks 37th and Iceland ranks 38th 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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Bulgaria vs Iceland: 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/bulgaria/iceland/

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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.