Insurance indicators — Penetration in Ecuador
Ecuador: Insurance indicators — Penetration was 1.86 Percentage of GDP in 2024. ▼ Falling
Insurance indicators — Penetration in Ecuador, 2015–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for insurance indicators — penetration in Ecuador is 1.86 Percentage of GDP, measured in 2024.
That represents a change of up 16.4% on the previous year and down 20.2% over ten years.
Over the whole period, insurance indicators — penetration in Ecuador peaked at 2.33 Percentage of GDP in 2015 and was at its lowest, 1.58 Percentage of GDP, in 2017.
That places Ecuador 46th out of 52 countries with data for 2024, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.86 Percentage of GDP | 1.58 Percentage of GDP | 2.33 Percentage of GDP | 5 |
| 2020s | 1.73 Percentage of GDP | 1.6 Percentage of GDP | 1.86 Percentage of GDP | 2 |
Countries ranked near Ecuador
More reference data data for Ecuador
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9379 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 2.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 4.74 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1826 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 4.74 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.14 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.18 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 13.63 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 23.57 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.9943 (2050)
Frequently asked questions
- What is insurance indicators — penetration in Ecuador?
- Insurance indicators — penetration in Ecuador was 1.86 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Ecuador?
- The highest recorded value was 2.33 Percentage of GDP in 2015.
- What is the lowest insurance indicators — penetration recorded in Ecuador?
- The lowest recorded value was 1.58 Percentage of GDP in 2017.
- How does Ecuador rank for insurance indicators — penetration?
- Ecuador ranks 46th out of 52 countries with data for 2024.
- Is insurance indicators — penetration rising or falling in Ecuador?
- Over the last ten years it is down 20.2%. The long-run trend across the full record is falling.
- Where does this Ecuador 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.