What is the difference in insurance indicators — penetration between France and Singapore?

2.72 Percentage of GDP, with France ahead.

How many years of comparable data are there for France and Singapore?

17 years are reported by both, from 2000 to 2023.

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.

France vs Singapore: Insurance indicators — Penetration

France

10.97 Percentage of GDP

in 2024

Singapore

8.25 Percentage of GDP

in 2023

France rank

9th

Singapore rank

12th

Insurance indicators — Penetration over time

France
Singapore

How they compare

France currently reports 10.97 Percentage of GDP against 8.25 Percentage of GDP in Singapore, a difference of 2.72 Percentage of GDP.

That makes France's figure about 1.3 times Singapore's.

The two have swapped places 4 times across 17 shared years of data; in 2000 it was France ahead.

France ranks 9th and Singapore ranks 12th of 52 countries.

France has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade	France	Singapore	Difference	Ahead
2000s	9.16 Percentage of GDP	7.03 Percentage of GDP	2.13 Percentage of GDP	France
2010s	9.71 Percentage of GDP	7.54 Percentage of GDP	2.17 Percentage of GDP	France
2020s	10.27 Percentage of GDP	9.53 Percentage of GDP	0.7465 Percentage of GDP	France

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, France or Singapore?: France, at 10.97 Percentage of GDP against 8.25 Percentage of GDP in Singapore as of 2024.
What is the difference in insurance indicators — penetration between France and Singapore?: 2.72 Percentage of GDP, with France ahead.
How many years of comparable data are there for France and Singapore?: 17 years are reported by both, from 2000 to 2023.
How do France and Singapore rank globally for insurance indicators — penetration?: France ranks 9th and Singapore ranks 12th 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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France vs Singapore: 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/france/singapore/

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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.