What is the difference in insurance indicators — penetration between Hong Kong and United States?

5.85 Percentage of GDP, with Hong Kong ahead.

How many years of comparable data are there for Hong Kong and United States?

15 years are reported by both, from 2009 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.

Hong Kong vs United States: Insurance indicators — Penetration

Hong Kong

18.53 Percentage of GDP

in 2024

United States

12.68 Percentage of GDP

in 2024

Hong Kong rank

2nd

United States rank

3rd

Insurance indicators — Penetration over time

Hong Kong
United States

How they compare

Hong Kong currently reports 18.53 Percentage of GDP against 12.68 Percentage of GDP in United States, a difference of 5.85 Percentage of GDP.

That makes Hong Kong's figure about 1.5 times United States's.

The two have swapped places 1 time across 15 shared years of data; in 2009 it was United States ahead.

Hong Kong ranks 2nd and United States ranks 3rd of 52 countries.

Across the 3 decades both report, Hong Kong averaged higher in 2 and United States in 1.

Head to head by decade

Decade	Hong Kong	United States	Difference	Ahead
2000s	10.84 Percentage of GDP	11.08 Percentage of GDP	0.244 Percentage of GDP	United States
2010s	14.47 Percentage of GDP	10.99 Percentage of GDP	3.48 Percentage of GDP	Hong Kong
2020s	19.63 Percentage of GDP	12.16 Percentage of GDP	7.46 Percentage of GDP	Hong Kong

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Hong Kong or United States?: Hong Kong, at 18.53 Percentage of GDP against 12.68 Percentage of GDP in United States as of 2024.
What is the difference in insurance indicators — penetration between Hong Kong and United States?: 5.85 Percentage of GDP, with Hong Kong ahead.
How many years of comparable data are there for Hong Kong and United States?: 15 years are reported by both, from 2009 to 2024.
How do Hong Kong and United States rank globally for insurance indicators — penetration?: Hong Kong ranks 2nd and United States ranks 3rd 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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Hong Kong vs United States: Insurance indicators — Penetration. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 03 October 2026, from https://reference.statizoid.com/compare/insurance-indicators-penetration/hong-kong-sar-china/united-states/

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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.