What is the difference in insurance indicators — penetration between Greece and Iceland?

0 Percentage of GDP, with Iceland ahead.

How many years of comparable data are there for Greece and Iceland?

31 years are reported by both, from 1992 to 2024.

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.

Greece vs Iceland: Insurance indicators — Penetration

Greece

2.27 Percentage of GDP

in 2024

Iceland

2.27 Percentage of GDP

in 2024

Greece rank

39th

Iceland rank

38th

Insurance indicators — Penetration over time

Greece
Iceland

How they compare

Iceland currently reports 2.27 Percentage of GDP against 2.27 Percentage of GDP in Greece, a difference of 0 Percentage of GDP.

The two have swapped places 2 times across 31 shared years of data; in 1992 it was Iceland ahead.

Greece ranks 39th and Iceland ranks 38th of 52 countries.

Across the 4 decades both report, Greece averaged higher in 1 and Iceland in 3.

Head to head by decade

Decade	Greece	Iceland	Difference	Ahead
1990s	1.66 Percentage of GDP	2.9 Percentage of GDP	1.23 Percentage of GDP	Iceland
2000s	1.97 Percentage of GDP	2.74 Percentage of GDP	0.7704 Percentage of GDP	Iceland
2010s	2.18 Percentage of GDP	2.47 Percentage of GDP	0.2898 Percentage of GDP	Iceland
2020s	2.32 Percentage of GDP	2.3 Percentage of GDP	0.0162 Percentage of GDP	Greece

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Greece or Iceland?: Iceland, at 2.27 Percentage of GDP against 2.27 Percentage of GDP in Greece as of 2024.
What is the difference in insurance indicators — penetration between Greece and Iceland?: 0 Percentage of GDP, with Iceland ahead.
How many years of comparable data are there for Greece and Iceland?: 31 years are reported by both, from 1992 to 2024.
How do Greece and Iceland rank globally for insurance indicators — penetration?: Greece ranks 39th 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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Greece 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/greece/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: 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.