Ecuador vs Hungary: Insurance indicators — Penetration

Ecuador
1.86 Percentage of GDP
in 2024
Hungary
2.05 Percentage of GDP
in 2024
Ecuador rank
46th
Hungary rank
43rd

Insurance indicators — Penetration over time

  • Ecuador
  • Hungary
01234199120072024

How they compare

Hungary currently reports 2.05 Percentage of GDP against 1.86 Percentage of GDP in Ecuador, a difference of 0.19 Percentage of GDP.

That makes Hungary's figure about 1.1 times Ecuador's.

Across all 7 years both countries report, Hungary has been ahead every year.

Ecuador ranks 46th and Hungary ranks 43rd of 52 countries.

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

Head to head by decade

Decade Ecuador Hungary Difference Ahead
2010s 1.86 Percentage of GDP 2.37 Percentage of GDP 0.5104 Percentage of GDP Hungary
2020s 1.73 Percentage of GDP 2.21 Percentage of GDP 0.482 Percentage of GDP Hungary

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Ecuador or Hungary?
Hungary, at 2.05 Percentage of GDP against 1.86 Percentage of GDP in Ecuador as of 2024.
What is the difference in insurance indicators — penetration between Ecuador and Hungary?
0.19 Percentage of GDP, with Hungary ahead.
How many years of comparable data are there for Ecuador and Hungary?
7 years are reported by both, from 2015 to 2024.
How do Ecuador and Hungary rank globally for insurance indicators — penetration?
Ecuador ranks 46th and Hungary ranks 43rd 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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Ecuador vs Hungary: 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/ecuador/hungary/

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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.