South Africa vs United States: Insurance indicators β Penetration
Insurance indicators β Penetration over time
- South Africa
- United States
How they compare
United States currently reports 12.68 Percentage of GDP against 12.66 Percentage of GDP in South Africa, a difference of 0.02 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 United States ranks 3rd of 52 countries.
Across the 2 decades both report, South Africa averaged higher in 1 and United States in 1.
Head to head by decade
| Decade | South Africa | United States | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 12.79 Percentage of GDP | 10.91 Percentage of GDP | 1.89 Percentage of GDP | South Africa |
| 2020s | 11.13 Percentage of GDP | 12.04 Percentage of GDP | 0.9037 Percentage of GDP | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance indicators β penetration, South Africa or United States?
- United States, at 12.68 Percentage of GDP against 12.66 Percentage of GDP in South Africa as of 2024.
- What is the difference in insurance indicators β penetration between South Africa and United States?
- 0.02 Percentage of GDP, with United States ahead.
- How many years of comparable data are there for South Africa and United States?
- 10 years are reported by both, from 2010 to 2023.
- How do South Africa and United States rank globally for insurance indicators β penetration?
- South Africa ranks 4th and United States ranks 3rd of 52 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Insurance indicators β 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.