Insurance indicators — Penetration in Panama
Panama: Insurance indicators — Penetration was 2.24 Percentage of GDP in 2024. ▼ Falling
Insurance indicators — Penetration in Panama, 2011–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, insurance indicators — penetration in Panama stood at 2.24 Percentage of GDP.
That represents a change of up 0.2% on the previous year and down 14.2% over ten years.
Over the whole period, insurance indicators — penetration in Panama peaked at 2.88 Percentage of GDP in 2011 and was at its lowest, 2.22 Percentage of GDP, in 2022.
Panama ranks 40th of 52 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.58 Percentage of GDP | 2.25 Percentage of GDP | 2.88 Percentage of GDP | 4 |
| 2020s | 2.35 Percentage of GDP | 2.22 Percentage of GDP | 2.66 Percentage of GDP | 5 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is insurance indicators — penetration in Panama?
- Insurance indicators — penetration in Panama was 2.24 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Panama?
- The highest recorded value was 2.88 Percentage of GDP in 2011.
- What is the lowest insurance indicators — penetration recorded in Panama?
- The lowest recorded value was 2.22 Percentage of GDP in 2022.
- How does Panama rank for insurance indicators — penetration?
- Panama ranks 40th out of 52 countries with data for 2024.
- Is insurance indicators — penetration rising or falling in Panama?
- Over the last ten years it is down 14.2%. The long-run trend across the full record is falling.
- Where does this Panama 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.