Latvia vs Lithuania: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Latvia
- Lithuania
How they compare
Latvia currently reports 3.05 Percentage of GDP against 2.02 Percentage of GDP in Lithuania, a difference of 1.03 Percentage of GDP.
That makes Latvia's figure about 1.5 times Lithuania's.
Across all 15 years both countries report, Latvia has been ahead every year.
Latvia ranks 4th and Lithuania ranks 6th of 7 countries.
Latvia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latvia | Lithuania | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 2.29 Percentage of GDP | 1.73 Percentage of GDP | 0.5574 Percentage of GDP | Latvia |
| 2020s | 2.8 Percentage of GDP | 1.91 Percentage of GDP | 0.8932 Percentage of GDP | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Latvia or Lithuania?
- Latvia, at 3.05 Percentage of GDP against 2.02 Percentage of GDP in Lithuania as of 2024.
- What is the difference in insurance indicators — penetration between Latvia and Lithuania?
- 1.03 Percentage of GDP, with Latvia ahead.
- How many years of comparable data are there for Latvia and Lithuania?
- 15 years are reported by both, from 2010 to 2024.
- How do Latvia and Lithuania rank globally for insurance indicators — penetration?
- Latvia ranks 4th and Lithuania ranks 6th of 7 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.