Estonia vs Latvia: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Estonia
- Latvia
How they compare
Estonia currently reports 3.62 Percentage of GDP against 3.05 Percentage of GDP in Latvia, a difference of 0.57 Percentage of GDP.
That makes Estonia's figure about 1.2 times Latvia's.
The two have swapped places 1 time across 16 shared years of data; in 2009 it was Latvia ahead.
Estonia ranks 3rd and Latvia ranks 4th of 7 countries.
Across the 3 decades both report, Estonia averaged higher in 2 and Latvia in 1.
Head to head by decade
| Decade | Estonia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.75 Percentage of GDP | 1.99 Percentage of GDP | 0.238 Percentage of GDP | Latvia |
| 2010s | 3.1 Percentage of GDP | 2.29 Percentage of GDP | 0.8144 Percentage of GDP | Estonia |
| 2020s | 3.36 Percentage of GDP | 2.8 Percentage of GDP | 0.553 Percentage of GDP | Estonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Estonia or Latvia?
- Estonia, at 3.62 Percentage of GDP against 3.05 Percentage of GDP in Latvia as of 2024.
- What is the difference in insurance indicators — penetration between Estonia and Latvia?
- 0.57 Percentage of GDP, with Estonia ahead.
- How many years of comparable data are there for Estonia and Latvia?
- 16 years are reported by both, from 2009 to 2024.
- How do Estonia and Latvia rank globally for insurance indicators — penetration?
- Estonia ranks 3rd and Latvia ranks 4th of 7 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.
Individual pages
About this data
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.