Norway vs Spain: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- Norway
- Spain
How they compare
Norway currently reports 5.89 Percentage of GDP against 4.46 Percentage of GDP in Spain, a difference of 1.43 Percentage of GDP.
That makes Norway's figure about 1.3 times Spain's.
The two have swapped places 14 times across 42 shared years of data; in 1983 it was Norway ahead.
Norway ranks 19th and Spain ranks 22nd of 52 countries.
Across the 5 decades both report, Norway averaged higher in 2 and Spain in 3.
Head to head by decade
| Decade | Norway | Spain | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 4.34 Percentage of GDP | 3.13 Percentage of GDP | 1.21 Percentage of GDP | Norway |
| 1990s | 3.95 Percentage of GDP | 4.4 Percentage of GDP | 0.4516 Percentage of GDP | Spain |
| 2000s | 5.13 Percentage of GDP | 5.57 Percentage of GDP | 0.4462 Percentage of GDP | Spain |
| 2010s | 5.11 Percentage of GDP | 5.19 Percentage of GDP | 0.0795 Percentage of GDP | Spain |
| 2020s | 5.44 Percentage of GDP | 4.69 Percentage of GDP | 0.7482 Percentage of GDP | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, Norway or Spain?
- Norway, at 5.89 Percentage of GDP against 4.46 Percentage of GDP in Spain as of 2024.
- What is the difference in insurance indicators — penetration between Norway and Spain?
- 1.43 Percentage of GDP, with Norway ahead.
- How many years of comparable data are there for Norway and Spain?
- 42 years are reported by both, from 1983 to 2024.
- How do Norway and Spain rank globally for insurance indicators — penetration?
- Norway ranks 19th 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.
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.