Luxembourg vs South Africa: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Luxembourg
- South Africa
How they compare
Luxembourg currently reports 32.99 Percentage of GDP against 12.66 Percentage of GDP in South Africa, a difference of 20.33 Percentage of GDP.
That makes Luxembourg's figure about 2.6 times South Africa's.
Across all 10 years both countries report, Luxembourg has been ahead every year.
Luxembourg ranks 1st and South Africa ranks 4th of 52 countries.
Luxembourg has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Luxembourg | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 37.63 Percentage of GDP | 12.79 Percentage of GDP | 24.83 Percentage of GDP | Luxembourg |
| 2020s | 31.86 Percentage of GDP | 11.13 Percentage of GDP | 20.72 Percentage of GDP | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Luxembourg or South Africa?
- Luxembourg, at 32.99 Percentage of GDP against 12.66 Percentage of GDP in South Africa as of 2024.
- What is the difference in insurance indicators — penetration between Luxembourg and South Africa?
- 20.33 Percentage of GDP, with Luxembourg ahead.
- How many years of comparable data are there for Luxembourg and South Africa?
- 10 years are reported by both, from 2010 to 2023.
- How do Luxembourg and South Africa rank globally for insurance indicators — penetration?
- Luxembourg ranks 1st and South Africa ranks 4th 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.