Insurance indicators — Penetration in Ireland

Ireland: Insurance indicators — Penetration was 11.69 Percentage of GDP in 2024. ▲ Rising

Latest (2024)
11.69 Percentage of GDP
Change on year
down 6.6%
World rank
7th
of 52 countries
All-time high
23.06 Percentage of GDP
in 2007
All-time low
7.59 Percentage of GDP
in 1983
Years of data
41
1983–2024

Insurance indicators — Penetration in Ireland, 1983–2024

101520251983200320241983: 7.6 Percentage of GDP1984: 9.1 Percentage of GDP1985: 8.4 Percentage of GDP1986: 8.4 Percentage of GDP1987: 9.6 Percentage of GDP1988: 8.7 Percentage of GDP1989: 9.1 Percentage of GDP1990: 8.4 Percentage of GDP1991: 8.6 Percentage of GDP1992: 7.9 Percentage of GDP1993: 8.6 Percentage of GDP1994: 8.8 Percentage of GDP1995: 8.1 Percentage of GDP1996: 8.8 Percentage of GDP1997: 9.5 Percentage of GDP1998: 11.5 Percentage of GDP1999: 14.1 Percentage of GDP2000: 20.1 Percentage of GDP2001: 13.4 Percentage of GDP2003: 14.9 Percentage of GDP2004: 16.8 Percentage of GDP2005: 18 Percentage of GDP2006: 19.5 Percentage of GDP2007: 23.1 Percentage of GDP2008: 19 Percentage of GDP2009: 19.6 Percentage of GDP2010: 20.2 Percentage of GDP2011: 18.2 Percentage of GDP2012: 19.7 Percentage of GDP2013: 18.3 Percentage of GDP2014: 19.4 Percentage of GDP2015: 15.8 Percentage of GDP2016: 17.4 Percentage of GDP2017: 14.1 Percentage of GDP2018: 11.8 Percentage of GDP2019: 11.5 Percentage of GDP2020: 10.6 Percentage of GDP2021: 11 Percentage of GDP2022: 8.6 Percentage of GDP2023: 12.5 Percentage of GDP2024: 11.7 Percentage of GDP

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

Analysis

In 2024, insurance indicators — penetration in Ireland stood at 11.69 Percentage of GDP.

That represents a change of down 6.6% on the previous year and down 39.6% over ten years.

Over the whole period, insurance indicators — penetration in Ireland peaked at 23.06 Percentage of GDP in 2007 and was at its lowest, 7.59 Percentage of GDP, in 1983.

That places Ireland 7th out of 52 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently rising across the 41 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 8.7 Percentage of GDP 7.59 Percentage of GDP 9.64 Percentage of GDP 7
1990s 9.43 Percentage of GDP 7.86 Percentage of GDP 14.06 Percentage of GDP 10
2000s 18.27 Percentage of GDP 13.44 Percentage of GDP 23.06 Percentage of GDP 9
2010s 16.64 Percentage of GDP 11.54 Percentage of GDP 20.19 Percentage of GDP 10
2020s 10.88 Percentage of GDP 8.63 Percentage of GDP 12.52 Percentage of GDP 5

Countries ranked near Ireland

  1. 4 South Africa 12.66 Percentage of GDP compare
  2. 5 Sweden 12.38 Percentage of GDP compare
  3. 6 United Kingdom 11.75 Percentage of GDP compare
  4. 8 Denmark 11.61 Percentage of GDP compare
  5. 9 France 10.97 Percentage of GDP compare
  6. 10 Taiwan Province of China 10.79 Percentage of GDP compare

See the full ranking of 62 places →

More reference data data for Ireland

All data for Ireland →

Frequently asked questions

What is insurance indicators — penetration in Ireland?
Insurance indicators — penetration in Ireland was 11.69 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest insurance indicators — penetration recorded in Ireland?
The highest recorded value was 23.06 Percentage of GDP in 2007.
What is the lowest insurance indicators — penetration recorded in Ireland?
The lowest recorded value was 7.59 Percentage of GDP in 1983.
How does Ireland rank for insurance indicators — penetration?
Ireland ranks 7th out of 52 countries with data for 2024.
Is insurance indicators — penetration rising or falling in Ireland?
Over the last ten years it is down 39.6%. The long-run trend across the full record is rising.
Where does this Ireland 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 Ireland. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/insurance-indicators-penetration/ireland/

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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.