Insurance indicators — Penetration in Norway
Norway: Insurance indicators — Penetration was 5.89 Percentage of GDP in 2024. ▲ Rising
Insurance indicators — Penetration in Norway, 1983–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, insurance indicators — penetration in Norway stood at 5.89 Percentage of GDP. That is the highest value across all 42 years on record.
Compared with earlier readings it is up 2.6% on the previous year and up 11.7% over ten years.
Over the whole period, insurance indicators — penetration in Norway peaked at 5.89 Percentage of GDP in 2024 and was at its lowest, 2.02 Percentage of GDP, in 1995.
That places Norway 19th out of 52 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.34 Percentage of GDP | 3.69 Percentage of GDP | 4.82 Percentage of GDP | 7 |
| 1990s | 3.95 Percentage of GDP | 2.02 Percentage of GDP | 4.85 Percentage of GDP | 10 |
| 2000s | 5.13 Percentage of GDP | 4.36 Percentage of GDP | 5.69 Percentage of GDP | 10 |
| 2010s | 5.11 Percentage of GDP | 4.75 Percentage of GDP | 5.62 Percentage of GDP | 10 |
| 2020s | 5.44 Percentage of GDP | 4.3 Percentage of GDP | 5.89 Percentage of GDP | 5 |
Countries ranked near Norway
More reference data data for Norway
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.3703 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.3621 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.24 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.7734 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 6.9 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3366 (2050)
Frequently asked questions
- What is insurance indicators — penetration in Norway?
- Insurance indicators — penetration in Norway was 5.89 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Norway?
- The highest recorded value was 5.89 Percentage of GDP in 2024.
- What is the lowest insurance indicators — penetration recorded in Norway?
- The lowest recorded value was 2.02 Percentage of GDP in 1995.
- How does Norway rank for insurance indicators — penetration?
- Norway ranks 19th out of 52 countries with data for 2024.
- Is insurance indicators — penetration rising or falling in Norway?
- Over the last ten years it is up 11.7%. The long-run trend across the full record is rising.
- Where does this Norway 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 — 42 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.