Ecuador vs Peru: Insurance indicators — Penetration

Ecuador
1.86 Percentage of GDP
in 2024
Peru
2.04 Percentage of GDP
in 2024
Ecuador rank
46th
Peru rank
44th

Insurance indicators — Penetration over time

  • Ecuador
  • Peru
00.511.522.5201120172024

How they compare

Peru currently reports 2.04 Percentage of GDP against 1.86 Percentage of GDP in Ecuador, a difference of 0.18 Percentage of GDP.

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

The two have swapped places 1 time across 7 shared years of data; in 2015 it was Ecuador ahead.

Ecuador ranks 46th and Peru ranks 44th of 52 countries.

Across the 2 decades both report, Ecuador averaged higher in 1 and Peru in 1.

Head to head by decade

Decade Ecuador Peru Difference Ahead
2010s 1.86 Percentage of GDP 1.75 Percentage of GDP 0.1116 Percentage of GDP Ecuador
2020s 1.73 Percentage of GDP 2.03 Percentage of GDP 0.2985 Percentage of GDP Peru

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Ecuador or Peru?
Peru, at 2.04 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 Peru?
0.18 Percentage of GDP, with Peru ahead.
How many years of comparable data are there for Ecuador and Peru?
7 years are reported by both, from 2015 to 2024.
How do Ecuador and Peru rank globally for insurance indicators — penetration?
Ecuador ranks 46th and Peru ranks 44th 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 Peru: 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/peru/

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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.