What is the difference in insurance indicators — penetration between New Zealand and Uruguay?

0.22 Percentage of GDP, with Uruguay ahead.

How many years of comparable data are there for New Zealand and Uruguay?

8 years are reported by both, from 2012 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.

New Zealand vs Uruguay: Insurance indicators — Penetration

New Zealand

3.35 Percentage of GDP

in 2021

Uruguay

3.57 Percentage of GDP

in 2024

New Zealand rank

30th

Uruguay rank

27th

Insurance indicators — Penetration over time

New Zealand
Uruguay

How they compare

Uruguay currently reports 3.57 Percentage of GDP against 3.35 Percentage of GDP in New Zealand, a difference of 0.22 Percentage of GDP.

That makes Uruguay's figure about 1.1 times New Zealand's.

The two have swapped places 2 times across 8 shared years of data; in 2012 it was New Zealand ahead.

New Zealand ranks 30th and Uruguay ranks 27th of 52 countries.

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

Head to head by decade

Decade	New Zealand	Uruguay	Difference	Ahead
2010s	2.69 Percentage of GDP	2.17 Percentage of GDP	0.521 Percentage of GDP	New Zealand
2020s	3.41 Percentage of GDP	2.68 Percentage of GDP	0.729 Percentage of GDP	New Zealand

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance indicators — penetration, New Zealand or Uruguay?: Uruguay, at 3.57 Percentage of GDP against 3.35 Percentage of GDP in New Zealand as of 2024.
What is the difference in insurance indicators — penetration between New Zealand and Uruguay?: 0.22 Percentage of GDP, with Uruguay ahead.
How many years of comparable data are there for New Zealand and Uruguay?: 8 years are reported by both, from 2012 to 2021.
How do New Zealand and Uruguay rank globally for insurance indicators — penetration?: New Zealand ranks 30th and Uruguay ranks 27th 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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New Zealand vs Uruguay: 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/new-zealand/uruguay/

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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.