South Africa vs Sweden: Insurance indicators — Penetration
Insurance indicators — Penetration over time
- South Africa
- Sweden
How they compare
South Africa currently reports 12.66 Percentage of GDP against 12.38 Percentage of GDP in Sweden, a difference of 0.28 Percentage of GDP.
The two have swapped places 2 times across 10 shared years of data; in 2010 it was South Africa ahead.
South Africa ranks 4th and Sweden ranks 5th of 52 countries.
South Africa has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | South Africa | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 12.79 Percentage of GDP | 6.21 Percentage of GDP | 6.58 Percentage of GDP | South Africa |
| 2020s | 11.13 Percentage of GDP | 10.81 Percentage of GDP | 0.3232 Percentage of GDP | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators — penetration, South Africa or Sweden?
- South Africa, at 12.66 Percentage of GDP against 12.38 Percentage of GDP in Sweden as of 2023.
- What is the difference in insurance indicators — penetration between South Africa and Sweden?
- 0.28 Percentage of GDP, with South Africa ahead.
- How many years of comparable data are there for South Africa and Sweden?
- 10 years are reported by both, from 2010 to 2023.
- How do South Africa and Sweden rank globally for insurance indicators — penetration?
- South Africa ranks 4th and Sweden ranks 5th 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.