Insurance indicators — Penetration in Egypt
Egypt: Insurance indicators — Penetration was 0.579 Percentage of GDP in 2023. ▼ Falling
Insurance indicators — Penetration in Egypt, 2017–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Egypt recorded 0.579 Percentage of GDP for insurance indicators — penetration in 2023. That is the lowest value across all 7 years on record.
The figure is down 3.8% on the previous year and down 11.6% over ten years.
That places Egypt 52nd out of 52 countries with data for 2023, putting it in the bottom quarter.
Insurance indicators — Penetration in Egypt, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2017 | 0.655 Percentage of GDP | — |
| 2018 | 0.633 Percentage of GDP | -3.4% |
| 2019 | 0.597 Percentage of GDP | -5.7% |
| 2020 | 0.63 Percentage of GDP | +5.5% |
| 2021 | 0.69 Percentage of GDP | +9.5% |
| 2022 | 0.602 Percentage of GDP | -12.8% |
| 2023 | 0.579 Percentage of GDP | -3.8% |
Egypt compared with similar countries
- Egypt's 0.579 Percentage of GDP is below the median for lower middle income countries, which is 1.81 Percentage of GDP, 32% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.6283 Percentage of GDP | 0.597 Percentage of GDP | 0.655 Percentage of GDP | 3 |
| 2020s | 0.6252 Percentage of GDP | 0.579 Percentage of GDP | 0.69 Percentage of GDP | 4 |
Countries ranked near Egypt
More reference data data for Egypt
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.2851 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 5.23 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 16.05 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.2 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 16.05 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.956 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.4622 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 25.55 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 71.76 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 6.55 (2050)
Frequently asked questions
- What is insurance indicators — penetration in Egypt?
- Insurance indicators — penetration in Egypt was 0.579 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Egypt?
- The highest recorded value was 0.69 Percentage of GDP in 2021.
- What is the lowest insurance indicators — penetration recorded in Egypt?
- The lowest recorded value was 0.579 Percentage of GDP in 2023.
- How does Egypt rank for insurance indicators — penetration?
- Egypt ranks 52nd out of 52 countries with data for 2023.
- Is insurance indicators — penetration rising or falling in Egypt?
- Over the last ten years it is down 11.6%. The long-run trend across the full record is falling.
- Where does this Egypt 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.