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

0.13 Percentage of GDP, with Costa Rica ahead.

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

15 years are reported by both, from 2010 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.

Costa Rica vs Iceland: Insurance indicators — Penetration

Costa Rica

2.4 Percentage of GDP

in 2024

Iceland

2.27 Percentage of GDP

in 2024

Costa Rica rank

36th

Iceland rank

38th

Insurance indicators — Penetration over time

Costa Rica
Iceland

How they compare

Costa Rica currently reports 2.4 Percentage of GDP against 2.27 Percentage of GDP in Iceland, a difference of 0.13 Percentage of GDP.

That makes Costa Rica's figure about 1.1 times Iceland's.

The two have swapped places 1 time across 15 shared years of data; in 2010 it was Iceland ahead.

Costa Rica ranks 36th 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	Costa Rica	Iceland	Difference	Ahead
2010s	2.04 Percentage of GDP	2.47 Percentage of GDP	0.4346 Percentage of GDP	Iceland
2020s	2.29 Percentage of GDP	2.3 Percentage of GDP	0.013 Percentage of GDP	Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Costa Rica or Iceland?: Costa Rica, at 2.4 Percentage of GDP against 2.27 Percentage of GDP in Iceland as of 2024.
What is the difference in insurance indicators — penetration between Costa Rica and Iceland?: 0.13 Percentage of GDP, with Costa Rica ahead.
How many years of comparable data are there for Costa Rica and Iceland?: 15 years are reported by both, from 2010 to 2024.
How do Costa Rica and Iceland rank globally for insurance indicators — penetration?: Costa Rica ranks 36th 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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Costa Rica vs Iceland: 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/costa-rica/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.