Insurance indicators — Penetration in Hong Kong
Hong Kong: Insurance indicators — Penetration was 18.53 Percentage of GDP in 2024. ▲ Rising
Insurance indicators — Penetration in Hong Kong, 2009–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, insurance indicators — penetration in Hong Kong stood at 18.53 Percentage of GDP.
The figure is up 4.0% on the previous year and up 31.6% over ten years.
Over the whole period, insurance indicators — penetration in Hong Kong peaked at 22.14 Percentage of GDP in 2020 and was at its lowest, 10.84 Percentage of GDP, in 2009.
That places Hong Kong 2nd out of 52 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Insurance indicators — Penetration in Hong Kong, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2009 | 10.84 Percentage of GDP | — |
| 2010 | 11.25 Percentage of GDP | +3.8% |
| 2011 | 11.21 Percentage of GDP | -0.4% |
| 2012 | 12.02 Percentage of GDP | +7.3% |
| 2013 | 13.09 Percentage of GDP | +8.8% |
| 2014 | 14.08 Percentage of GDP | +7.6% |
| 2015 | 14.79 Percentage of GDP | +5.0% |
| 2016 | 17.59 Percentage of GDP | +19.0% |
| 2017 | 17.96 Percentage of GDP | +2.1% |
| 2018 | 18.22 Percentage of GDP | +1.5% |
| 2020 | 22.14 Percentage of GDP | +21.5% |
| 2021 | 20.47 Percentage of GDP | -7.6% |
| 2022 | 19.17 Percentage of GDP | -6.3% |
| 2023 | 17.82 Percentage of GDP | -7.1% |
| 2024 | 18.53 Percentage of GDP | +4.0% |
Hong Kong compared with similar countries
- Hong Kong's 18.53 Percentage of GDP is above the median for high income countries, which is 5.27 Percentage of GDP, 3.5× the median. (32 countries reporting)
- Hong Kong's 18.53 Percentage of GDP is above the median for East Asia & Pacific, which is 4.63 Percentage of GDP, 4.0× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.84 Percentage of GDP | 10.84 Percentage of GDP | 10.84 Percentage of GDP | 1 |
| 2010s | 14.47 Percentage of GDP | 11.21 Percentage of GDP | 18.22 Percentage of GDP | 9 |
| 2020s | 19.63 Percentage of GDP | 17.82 Percentage of GDP | 22.14 Percentage of GDP | 5 |
Countries ranked near Hong Kong
- 1 Luxembourg 32.99 Percentage of GDP compare
- 1 Netherlands 8.26 Percentage of GDP compare
- 2 Slovenia 3.63 Percentage of GDP compare
- 2 Croatia 2.29 Percentage of GDP compare
- 3 Estonia 3.62 Percentage of GDP compare
- 3 United States 12.68 Percentage of GDP compare
- 4 Latvia 3.05 Percentage of GDP compare
- 4 South Africa 12.66 Percentage of GDP compare
- 5 Poland 2.22 Percentage of GDP compare
- 5 Sweden 12.38 Percentage of GDP compare
More reference data data for Hong Kong
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0011 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0072 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0012 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0 (1990)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0072 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure Management 1.49 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Enteric Fermentation 6.8 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - IPCC Agriculture 20.78 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure applied to Soils 1.05 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 1.38 (2050)
Frequently asked questions
- What is insurance indicators — penetration in Hong Kong?
- Insurance indicators — penetration in Hong Kong was 18.53 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Hong Kong?
- The highest recorded value was 22.14 Percentage of GDP in 2020.
- What is the lowest insurance indicators — penetration recorded in Hong Kong?
- The lowest recorded value was 10.84 Percentage of GDP in 2009.
- How does Hong Kong rank for insurance indicators — penetration?
- Hong Kong ranks 2nd out of 52 countries with data for 2024.
- Is insurance indicators — penetration rising or falling in Hong Kong?
- Over the last ten years it is up 31.6%. The long-run trend across the full record is rising.
- Where does this Hong Kong 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.