Insurance indicators — Penetration in Lithuania
Lithuania: Insurance indicators — Penetration was 2.02 Percentage of GDP in 2024. ▲ Rising
Insurance indicators — Penetration in Lithuania, 2010–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, insurance indicators — penetration in Lithuania stood at 2.02 Percentage of GDP. That is the highest value across all 15 years on record.
That represents a change of up 2.8% on the previous year and up 22.5% over ten years.
Over the whole period, insurance indicators — penetration in Lithuania peaked at 2.02 Percentage of GDP in 2024 and was at its lowest, 1.55 Percentage of GDP, in 2012.
The long-run direction has been consistently rising across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.73 Percentage of GDP | 1.55 Percentage of GDP | 1.92 Percentage of GDP | 10 |
| 2020s | 1.91 Percentage of GDP | 1.83 Percentage of GDP | 2.02 Percentage of GDP | 5 |
Countries ranked near Lithuania
- 5 Sweden 12.38 Percentage of GDP compare
- 6 United Kingdom 11.75 Percentage of GDP compare
- 7 Ireland 11.69 Percentage of GDP compare
- 8 Denmark 11.61 Percentage of GDP compare
- 9 France 10.97 Percentage of GDP compare
- 10 Taiwan Province of China 10.79 Percentage of GDP compare
- 11 OECD 9.44 Percentage of GDP compare
More reference data data for Lithuania
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 6.93 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 21.37 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 34.18 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 15.84 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 17.91 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.2861 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.0159 Percentage of GDP (2021)
Frequently asked questions
- What is insurance indicators — penetration in Lithuania?
- Insurance indicators — penetration in Lithuania was 2.02 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Lithuania?
- The highest recorded value was 2.02 Percentage of GDP in 2024.
- What is the lowest insurance indicators — penetration recorded in Lithuania?
- The lowest recorded value was 1.55 Percentage of GDP in 2012.
- How does Lithuania rank for insurance indicators — penetration?
- Lithuania ranks 8th out of 9 groups with data for 2024.
- Is insurance indicators — penetration rising or falling in Lithuania?
- Over the last ten years it is up 22.5%. The long-run trend across the full record is rising.
- Where does this Lithuania 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.
Download this data
CSV · JSON — 15 observations, free to reuse under OECD Terms and Conditions (attribution required).
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.