Latvia vs United Kingdom: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Latvia
- United Kingdom
How they compare
United Kingdom currently reports 11.75 Percentage of GDP against 3.05 Percentage of GDP in Latvia, a difference of 8.7 Percentage of GDP.
That makes United Kingdom's figure about 3.9 times Latvia's.
Across all 16 years both countries report, United Kingdom has been ahead every year.
Latvia ranks 5th and United Kingdom ranks 6th of 9 groups.
United Kingdom has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latvia | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.99 Percentage of GDP | 13.4 Percentage of GDP | 11.42 Percentage of GDP | United Kingdom |
| 2010s | 2.29 Percentage of GDP | 11.58 Percentage of GDP | 9.29 Percentage of GDP | United Kingdom |
| 2020s | 2.8 Percentage of GDP | 11.51 Percentage of GDP | 8.71 Percentage of GDP | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Latvia or United Kingdom?
- United Kingdom, at 11.75 Percentage of GDP against 3.05 Percentage of GDP in Latvia as of 2024.
- What is the difference in insurance indicators — penetration between Latvia and United Kingdom?
- 8.7 Percentage of GDP, with United Kingdom ahead.
- How many years of comparable data are there for Latvia and United Kingdom?
- 16 years are reported by both, from 2009 to 2024.
- How do Latvia and United Kingdom rank globally for insurance indicators — penetration?
- Latvia ranks 5th and United Kingdom ranks 6th of 9 groups.
- 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.