Insurance indicators — Penetration in Austria
Austria: Insurance indicators — Penetration was 4.39 Percentage of GDP in 2024. ▼ Falling
Insurance indicators — Penetration in Austria, 1987–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Austria recorded 4.39 Percentage of GDP for insurance indicators — penetration in 2024.
The figure is up 3.1% on the previous year and down 15.1% over ten years.
Over the whole period, insurance indicators — penetration in Austria peaked at 6 Percentage of GDP in 1996 and was at its lowest, 4.26 Percentage of GDP, in 2023.
That places Austria 24th out of 52 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 38 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.77 Percentage of GDP | 4.58 Percentage of GDP | 4.88 Percentage of GDP | 3 |
| 1990s | 5.22 Percentage of GDP | 4.72 Percentage of GDP | 6 Percentage of GDP | 10 |
| 2000s | 5.51 Percentage of GDP | 5.1 Percentage of GDP | 5.71 Percentage of GDP | 10 |
| 2010s | 4.99 Percentage of GDP | 4.44 Percentage of GDP | 5.66 Percentage of GDP | 10 |
| 2020s | 4.43 Percentage of GDP | 4.26 Percentage of GDP | 4.68 Percentage of GDP | 5 |
Countries ranked near Austria
More reference data data for Austria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.6222 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.2597 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1986 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 2.09 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.36 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 7.84 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.08 (2050)
Frequently asked questions
- What is insurance indicators — penetration in Austria?
- Insurance indicators — penetration in Austria was 4.39 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Austria?
- The highest recorded value was 6 Percentage of GDP in 1996.
- What is the lowest insurance indicators — penetration recorded in Austria?
- The lowest recorded value was 4.26 Percentage of GDP in 2023.
- How does Austria rank for insurance indicators — penetration?
- Austria ranks 24th out of 52 countries with data for 2024.
- Is insurance indicators — penetration rising or falling in Austria?
- Over the last ten years it is down 15.1%. The long-run trend across the full record is falling.
- Where does this Austria 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.
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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.