Insurance indicators — Penetration in Indonesia

Indonesia: Insurance indicators — Penetration was 1.64 Percentage of GDP in 2021. ▬ Flat

Latest (2021)
1.64 Percentage of GDP
Change on year
down 0.5%
World rank
47th
of 52 countries
All-time high
1.88 Percentage of GDP
in 2017
All-time low
1.57 Percentage of GDP
in 2014
Years of data
11
2011–2021

Insurance indicators — Penetration in Indonesia, 2011–2021

00.511.522011201620212011: 1.6 Percentage of GDP2012: 1.7 Percentage of GDP2013: 1.6 Percentage of GDP2014: 1.6 Percentage of GDP2015: 1.7 Percentage of GDP2016: 1.8 Percentage of GDP2017: 1.9 Percentage of GDP2018: 1.8 Percentage of GDP2019: 1.7 Percentage of GDP2020: 1.6 Percentage of GDP2021: 1.6 Percentage of GDP

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

Analysis

In 2021, insurance indicators — penetration in Indonesia stood at 1.64 Percentage of GDP.

The figure is down 0.5% on the previous year and up 0.7% over ten years.

Over the whole period, insurance indicators — penetration in Indonesia peaked at 1.88 Percentage of GDP in 2017 and was at its lowest, 1.57 Percentage of GDP, in 2014.

That places Indonesia 47th out of 52 countries with data for 2021, putting it in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 1.71 Percentage of GDP 1.57 Percentage of GDP 1.88 Percentage of GDP 9
2020s 1.64 Percentage of GDP 1.64 Percentage of GDP 1.65 Percentage of GDP 2

Countries ranked near Indonesia

  1. 44 Peru 2.04 Percentage of GDP compare
  2. 45 Honduras 2 Percentage of GDP compare
  3. 46 Ecuador 1.86 Percentage of GDP compare
  4. 48 Bolivia 1.63 Percentage of GDP compare
  5. 49 Nicaragua 1.48 Percentage of GDP compare
  6. 50 Guatemala 1.39 Percentage of GDP compare

See the full ranking of 62 places →

More reference data data for Indonesia

All data for Indonesia →

Frequently asked questions

What is insurance indicators — penetration in Indonesia?
Insurance indicators — penetration in Indonesia was 1.64 Percentage of GDP in 2021, according to Organisation for Economic Co-operation and Development.
What is the highest insurance indicators — penetration recorded in Indonesia?
The highest recorded value was 1.88 Percentage of GDP in 2017.
What is the lowest insurance indicators — penetration recorded in Indonesia?
The lowest recorded value was 1.57 Percentage of GDP in 2014.
How does Indonesia rank for insurance indicators — penetration?
Indonesia ranks 47th out of 52 countries with data for 2021.
Is insurance indicators — penetration rising or falling in Indonesia?
Over the last ten years it is up 0.7%. The long-run trend across the full record is flat.
Where does this Indonesia 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 Indonesia. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/insurance-indicators-penetration/indonesia/

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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.