El Salvador vs Iceland: Insurance indicators — Penetration

El Salvador
2.45 Percentage of GDP
in 2024
Iceland
2.27 Percentage of GDP
in 2024
El Salvador rank
35th
Iceland rank
38th

Insurance indicators — Penetration over time

  • El Salvador
  • Iceland
0123198320032024

How they compare

El Salvador currently reports 2.45 Percentage of GDP against 2.27 Percentage of GDP in Iceland, a difference of 0.18 Percentage of GDP.

That makes El Salvador's figure about 1.1 times Iceland's.

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

El Salvador ranks 35th and Iceland ranks 38th of 52 countries.

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

Head to head by decade

Decade El Salvador Iceland Difference Ahead
2010s 2.43 Percentage of GDP 2.4 Percentage of GDP 0.03 Percentage of GDP El Salvador
2020s 2.53 Percentage of GDP 2.3 Percentage of GDP 0.2238 Percentage of GDP El Salvador

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, El Salvador or Iceland?
El Salvador, at 2.45 Percentage of GDP against 2.27 Percentage of GDP in Iceland as of 2024.
What is the difference in insurance indicators — penetration between El Salvador and Iceland?
0.18 Percentage of GDP, with El Salvador ahead.
How many years of comparable data are there for El Salvador and Iceland?
7 years are reported by both, from 2018 to 2024.
How do El Salvador and Iceland rank globally for insurance indicators — penetration?
El Salvador ranks 35th 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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El Salvador 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/el-salvador/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

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.