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.
Insurance indicators — Penetration in Slovak Republic, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1997 | 1.86 Percentage of GDP | — |
| 1998 | 2.06 Percentage of GDP | +10.6% |
| 1999 | 1.91 Percentage of GDP | -7.2% |
| 2000 | 2.05 Percentage of GDP | +7.0% |
| 2001 | 2.17 Percentage of GDP | +5.8% |
| 2002 | 2.3 Percentage of GDP | +6.2% |
| 2004 | 2.6 Percentage of GDP | +13.1% |
| 2006 | 2.56 Percentage of GDP | -1.7% |
| 2007 | 2.69 Percentage of GDP | +5.1% |
| 2008 | 2.98 Percentage of GDP | +10.8% |
| 2009 | 3.23 Percentage of GDP | +8.3% |
| 2010 | 3.07 Percentage of GDP | -4.7% |
| 2011 | 2.98 Percentage of GDP | -3.0% |
| 2012 | 2.9 Percentage of GDP | -2.8% |
| 2013 | 2.96 Percentage of GDP | +2.1% |
| 2014 | 2.9 Percentage of GDP | -2.1% |
| 2015 | 2.64 Percentage of GDP | -8.9% |
| 2017 | 5.25 Percentage of GDP | +98.9% |
| 2019 | 2.67 Percentage of GDP | -49.2% |
| 2020 | 2.58 Percentage of GDP | -3.1% |
| 2021 | 2.25 Percentage of GDP | -12.8% |
| 2022 | 2.39 Percentage of GDP | +6.1% |
| 2023 | 1.54 Percentage of GDP | -35.6% |
| 2024 | 1.56 Percentage of GDP | +1.3% |
Biggest year-on-year movements
Years where Insurance indicators — Penetration in Slovak Republic changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +98.9% | 2.64 Percentage of GDP | 5.25 Percentage of GDP |
| 2019 | -49.2% | 5.25 Percentage of GDP | 2.67 Percentage of GDP |
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
- 1 Luxembourg 32.99 Percentage of GDP compare
- 1 Netherlands 8.26 Percentage of GDP compare
- 2 Slovenia 3.63 Percentage of GDP compare
- 2 Croatia 2.29 Percentage of GDP compare
- 2 Hong Kong 18.53 Percentage of GDP compare
- 3 Estonia 3.62 Percentage of GDP compare
- 3 United States 12.68 Percentage of GDP compare
- 4 Latvia 3.05 Percentage of GDP compare
- 4 South Africa 12.66 Percentage of GDP compare
- 5 Poland 2.22 Percentage of GDP compare
- 5 Sweden 12.38 Percentage of GDP compare
- 6 Lithuania 2.02 Percentage of GDP compare
- 6 United Kingdom 11.75 Percentage of GDP compare
More reference data data for Slovak Republic
- Exposure to extreme precipitation — Annual precipitation change 193.78 Millimetres per year (2023)
- Exposure to extreme temperature — Annual temperature change 1.91 Degrees celsius (2023)
- IPAC Dashboard indicators — Geothermal 8.12 Index (2025)
- 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 25.25 Percentage of GDP (2022)
- 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 11.24 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 22.8 Percentage of GDP (2022)
- R&D personnel by sector of performance and region — R&D Personnel 41,052 Persons (2023)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.0117 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 3rd out of 3 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.
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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.