Insurance indicators — Penetration in Slovak Republic
Slovak Republic: Insurance indicators — Penetration was 1.56 Percentage of GDP in 2024. ▲ Rising
Insurance indicators — Penetration in Slovak Republic, 1997–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for insurance indicators — penetration in Slovak Republic is 1.56 Percentage of GDP, measured in 2024.
That represents a change of up 1.3% on the previous year and down 46.1% over ten years.
Over the whole period, insurance indicators — penetration in Slovak Republic peaked at 5.25 Percentage of GDP in 2017 and was at its lowest, 1.54 Percentage of GDP, in 2023.
The long-run direction has been consistently rising across the 24 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.95 Percentage of GDP | 1.86 Percentage of GDP | 2.06 Percentage of GDP | 3 |
| 2000s | 2.57 Percentage of GDP | 2.05 Percentage of GDP | 3.23 Percentage of GDP | 8 |
| 2010s | 3.17 Percentage of GDP | 2.64 Percentage of GDP | 5.25 Percentage of GDP | 8 |
| 2020s | 2.07 Percentage of GDP | 1.54 Percentage of GDP | 2.58 Percentage of GDP | 5 |
Countries ranked near Slovak Republic
- 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
- 12 Singapore 8.25 Percentage of GDP compare
More reference data data for Slovak Republic
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 6.69 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 25.25 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 41.65 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 11.24 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 22.8 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.0117 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.0052 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.2261 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.0085 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.0018 Percentage of GDP (2021)
Frequently asked questions
- What is insurance indicators — penetration in Slovak Republic?
- Insurance indicators — penetration in Slovak Republic was 1.56 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Slovak Republic?
- The highest recorded value was 5.25 Percentage of GDP in 2017.
- What is the lowest insurance indicators — penetration recorded in Slovak Republic?
- The lowest recorded value was 1.54 Percentage of GDP in 2023.
- How does Slovak Republic rank for insurance indicators — penetration?
- Slovak Republic ranks 9th out of 9 groups with data for 2024.
- Is insurance indicators — penetration rising or falling in Slovak Republic?
- Over the last ten years it is down 46.1%. The long-run trend across the full record is rising.
- Where does this Slovak Republic 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 — 24 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.