What is the difference in insurance indicators — penetration between Indonesia and Nicaragua?

0.16 Percentage of GDP, with Indonesia ahead.

How many years of comparable data are there for Indonesia and Nicaragua?

11 years are reported by both, from 2011 to 2021.

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.

Indonesia vs Nicaragua: Insurance indicators — Penetration

Indonesia

1.64 Percentage of GDP

in 2021

Nicaragua

1.48 Percentage of GDP

in 2024

Indonesia rank

47th

Nicaragua rank

49th

Insurance indicators — Penetration over time

Indonesia
Nicaragua

How they compare

Indonesia currently reports 1.64 Percentage of GDP against 1.48 Percentage of GDP in Nicaragua, a difference of 0.16 Percentage of GDP.

That makes Indonesia's figure about 1.1 times Nicaragua's.

Across all 11 years both countries report, Indonesia has been ahead every year.

Indonesia ranks 47th and Nicaragua ranks 49th of 52 countries.

Indonesia has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Indonesia	Nicaragua	Difference	Ahead
2010s	1.71 Percentage of GDP	1.5 Percentage of GDP	0.2174 Percentage of GDP	Indonesia
2020s	1.64 Percentage of GDP	1.56 Percentage of GDP	0.0815 Percentage of GDP	Indonesia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Indonesia or Nicaragua?: Indonesia, at 1.64 Percentage of GDP against 1.48 Percentage of GDP in Nicaragua as of 2021.
What is the difference in insurance indicators — penetration between Indonesia and Nicaragua?: 0.16 Percentage of GDP, with Indonesia ahead.
How many years of comparable data are there for Indonesia and Nicaragua?: 11 years are reported by both, from 2011 to 2021.
How do Indonesia and Nicaragua rank globally for insurance indicators — penetration?: Indonesia ranks 47th and Nicaragua ranks 49th 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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Indonesia vs Nicaragua: 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/indonesia/nicaragua/

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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.