India vs Spain: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- India
- Spain
How they compare
Spain currently reports 4.46 Percentage of GDP against 4.18 Percentage of GDP in India, a difference of 0.28 Percentage of GDP.
That makes Spain's figure about 1.1 times India's.
Across all 6 years both countries report, Spain has been ahead every year.
India ranks 25th and Spain ranks 22nd of 52 countries.
Spain has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | India | Spain | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 3.64 Percentage of GDP | 5.18 Percentage of GDP | 1.54 Percentage of GDP | Spain |
| 2020s | 4.18 Percentage of GDP | 4.95 Percentage of GDP | 0.761 Percentage of GDP | Spain |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, India or Spain?
- Spain, at 4.46 Percentage of GDP against 4.18 Percentage of GDP in India as of 2024.
- What is the difference in insurance indicators — penetration between India and Spain?
- 0.28 Percentage of GDP, with Spain ahead.
- How many years of comparable data are there for India and Spain?
- 6 years are reported by both, from 2011 to 2020.
- How do India and Spain rank globally for insurance indicators — penetration?
- India ranks 25th and Spain ranks 22nd 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.
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.