Insurance indicators — Penetration in Bolivia

Bolivia: Insurance indicators — Penetration was 1.63 Percentage of GDP in 2024. ▲ Rising

Latest (2024)
1.63 Percentage of GDP
Change on year
down 0.7%
World rank
48th
of 52 countries
All-time high
1.64 Percentage of GDP
in 2023
All-time low
1.16 Percentage of GDP
in 2012
Years of data
10
2012–2024

Insurance indicators — Penetration in Bolivia, 2012–2024

00.511.52012201820242012: 1.2 Percentage of GDP2016: 1.4 Percentage of GDP2017: 1.3 Percentage of GDP2018: 1.3 Percentage of GDP2019: 1.4 Percentage of GDP2020: 1.6 Percentage of GDP2021: 1.5 Percentage of GDP2022: 1.6 Percentage of GDP2023: 1.6 Percentage of GDP2024: 1.6 Percentage of GDP

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.

Analysis

In 2024, insurance indicators — penetration in Bolivia stood at 1.63 Percentage of GDP.

That represents a change of down 0.7% on the previous year and up 40.1% over ten years.

Over the whole period, insurance indicators — penetration in Bolivia peaked at 1.64 Percentage of GDP in 2023 and was at its lowest, 1.16 Percentage of GDP, in 2012.

Bolivia ranks 48th of 52 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 10 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 1.31 Percentage of GDP 1.16 Percentage of GDP 1.4 Percentage of GDP 5
2020s 1.6 Percentage of GDP 1.52 Percentage of GDP 1.64 Percentage of GDP 5

Countries ranked near Bolivia

  1. 45 Honduras 2 Percentage of GDP compare
  2. 46 Ecuador 1.86 Percentage of GDP compare
  3. 47 Indonesia 1.64 Percentage of GDP compare
  4. 49 Nicaragua 1.48 Percentage of GDP compare
  5. 50 Guatemala 1.39 Percentage of GDP compare
  6. 51 Paraguay 1.17 Percentage of GDP compare

See the full ranking of 62 places →

More reference data data for Bolivia

All data for Bolivia →

Frequently asked questions

What is insurance indicators — penetration in Bolivia?
Insurance indicators — penetration in Bolivia was 1.63 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest insurance indicators — penetration recorded in Bolivia?
The highest recorded value was 1.64 Percentage of GDP in 2023.
What is the lowest insurance indicators — penetration recorded in Bolivia?
The lowest recorded value was 1.16 Percentage of GDP in 2012.
How does Bolivia rank for insurance indicators — penetration?
Bolivia ranks 48th out of 52 countries with data for 2024.
Is insurance indicators — penetration rising or falling in Bolivia?
Over the last ten years it is up 40.1%. The long-run trend across the full record is rising.
Where does this Bolivia 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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Insurance indicators — Penetration in Bolivia. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/insurance-indicators-penetration/bolivia/

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About this data

Indicator
Insurance indicators — Penetration
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
62 places, 1,565 data points, 1983–2024
Last refreshed

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.