Insurance indicators — Penetration in Australia
Australia: Insurance indicators — Penetration was 3.03 Percentage of GDP in 2024. ▼ Falling
Insurance indicators — Penetration in Australia, 1983–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Australia recorded 3.03 Percentage of GDP for insurance indicators — penetration in 2024.
That represents a change of down 2.6% on the previous year and down 49.1% over ten years.
Over the whole period, insurance indicators — penetration in Australia peaked at 8.76 Percentage of GDP in 1999 and was at its lowest, 1.82 Percentage of GDP, in 1986.
Australia ranks 32nd of 52 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.98 Percentage of GDP | 1.82 Percentage of GDP | 5.64 Percentage of GDP | 7 |
| 1990s | 6.57 Percentage of GDP | 3.15 Percentage of GDP | 8.76 Percentage of GDP | 10 |
| 2000s | 6.33 Percentage of GDP | 5.15 Percentage of GDP | 7.95 Percentage of GDP | 10 |
| 2010s | 4.86 Percentage of GDP | 3.73 Percentage of GDP | 5.96 Percentage of GDP | 10 |
| 2020s | 3.13 Percentage of GDP | 3.03 Percentage of GDP | 3.29 Percentage of GDP | 5 |
Countries ranked near Australia
More reference data data for Australia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 28.02 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 38.41 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 38.41 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.07 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 6.14 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 118.71 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 170.29 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 13.9 (2050)
Frequently asked questions
- What is insurance indicators — penetration in Australia?
- Insurance indicators — penetration in Australia was 3.03 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Australia?
- The highest recorded value was 8.76 Percentage of GDP in 1999.
- What is the lowest insurance indicators — penetration recorded in Australia?
- The lowest recorded value was 1.82 Percentage of GDP in 1986.
- How does Australia rank for insurance indicators — penetration?
- Australia ranks 32nd out of 52 countries with data for 2024.
- Is insurance indicators — penetration rising or falling in Australia?
- Over the last ten years it is down 49.1%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance indicators — Penetration. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under OECD Terms and Conditions (attribution required).
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.