What is the difference in insurance indicators — penetration between Malaysia and Spain?

0.17 Percentage of GDP, with Malaysia ahead.

How many years of comparable data are there for Malaysia and Spain?

15 years are reported by both, from 2009 to 2023.

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.

Malaysia vs Spain: Insurance indicators — Penetration

Malaysia

4.63 Percentage of GDP

in 2023

Spain

4.46 Percentage of GDP

in 2024

Malaysia rank

21st

Spain rank

22nd

Insurance indicators — Penetration over time

Malaysia
Spain

How they compare

Malaysia currently reports 4.63 Percentage of GDP against 4.46 Percentage of GDP in Spain, a difference of 0.17 Percentage of GDP.

The two have swapped places 2 times across 15 shared years of data; in 2009 it was Spain ahead.

Malaysia ranks 21st and Spain ranks 22nd of 52 countries.

Spain has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade	Malaysia	Spain	Difference	Ahead
2000s	4.26 Percentage of GDP	5.6 Percentage of GDP	1.35 Percentage of GDP	Spain
2010s	4.63 Percentage of GDP	5.19 Percentage of GDP	0.5589 Percentage of GDP	Spain
2020s	4.71 Percentage of GDP	4.75 Percentage of GDP	0.0365 Percentage of GDP	Spain

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, Malaysia or Spain?: Malaysia, at 4.63 Percentage of GDP against 4.46 Percentage of GDP in Spain as of 2023.
What is the difference in insurance indicators — penetration between Malaysia and Spain?: 0.17 Percentage of GDP, with Malaysia ahead.
How many years of comparable data are there for Malaysia and Spain?: 15 years are reported by both, from 2009 to 2023.
How do Malaysia and Spain rank globally for insurance indicators — penetration?: Malaysia ranks 21st 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.

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Malaysia vs Spain: 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/malaysia/spain/

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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.