Insurance indicators — Penetration in Luxembourg
Luxembourg: Insurance indicators — Penetration was 32.99 Percentage of GDP in 2024. ◆ Volatile
Insurance indicators — Penetration in Luxembourg, 1983–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Luxembourg recorded 32.99 Percentage of GDP for insurance indicators — penetration in 2024.
That represents a change of up 26.5% on the previous year and down 20.6% over ten years.
Over the whole period, insurance indicators — penetration in Luxembourg peaked at 48.52 Percentage of GDP in 2010 and was at its lowest, 2.38 Percentage of GDP, in 1983.
Luxembourg ranks 1st of 52 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.75 Percentage of GDP | 2.38 Percentage of GDP | 3.04 Percentage of GDP | 7 |
| 1990s | 14.27 Percentage of GDP | 3.34 Percentage of GDP | 28.41 Percentage of GDP | 10 |
| 2000s | 29.79 Percentage of GDP | 24.4 Percentage of GDP | 42.47 Percentage of GDP | 10 |
| 2010s | 37.67 Percentage of GDP | 30.5 Percentage of GDP | 48.52 Percentage of GDP | 10 |
| 2020s | 32.08 Percentage of GDP | 26.08 Percentage of GDP | 38.11 Percentage of GDP | 5 |
Countries ranked near Luxembourg
- 2 Hong Kong Special Administrative Region, People's Republic of China 18.53 Percentage of GDP compare
- 3 United States 12.68 Percentage of GDP compare
- 4 South Africa 12.66 Percentage of GDP compare
More reference data data for Luxembourg
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.041 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0209 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1381 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0065 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1381 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1376 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.099 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.1147 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.6709 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0353 (2050)
Frequently asked questions
- What is insurance indicators — penetration in Luxembourg?
- Insurance indicators — penetration in Luxembourg was 32.99 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Luxembourg?
- The highest recorded value was 48.52 Percentage of GDP in 2010.
- What is the lowest insurance indicators — penetration recorded in Luxembourg?
- The lowest recorded value was 2.38 Percentage of GDP in 1983.
- How does Luxembourg rank for insurance indicators — penetration?
- Luxembourg ranks 1st out of 52 countries with data for 2024.
- Is insurance indicators — penetration rising or falling in Luxembourg?
- Over the last ten years it is down 20.6%. The long-run trend across the full record is volatile.
- Where does this Luxembourg 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.