Insurance indicators — Penetration in Türkiye
Türkiye: Insurance indicators — Penetration was 1.86 Percentage of GDP in 2024. ▲ Rising
Insurance indicators — Penetration in Türkiye, 1983–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Türkiye recorded 1.86 Percentage of GDP for insurance indicators — penetration in 2024. That is the highest value across all 40 years on record.
Compared with earlier readings it is up 6.8% on the previous year and up 49.2% over ten years.
Over the whole period, insurance indicators — penetration in Türkiye peaked at 1.86 Percentage of GDP in 2024 and was at its lowest, 0.333 Percentage of GDP, in 1983.
The long-run direction has been consistently rising across the 40 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3986 Percentage of GDP | 0.333 Percentage of GDP | 0.46 Percentage of GDP | 7 |
| 1990s | 0.8731 Percentage of GDP | 0.566 Percentage of GDP | 1.38 Percentage of GDP | 10 |
| 2000s | 1.09 Percentage of GDP | 1.01 Percentage of GDP | 1.23 Percentage of GDP | 8 |
| 2010s | 1.33 Percentage of GDP | 1.18 Percentage of GDP | 1.49 Percentage of GDP | 10 |
| 2020s | 1.6 Percentage of GDP | 1.39 Percentage of GDP | 1.86 Percentage of GDP | 5 |
Countries ranked near Türkiye
- 1 Luxembourg 32.99 Percentage of GDP compare
- 2 Hong Kong (China) 18.53 Percentage of GDP compare
- 3 United States of America 12.68 Percentage of GDP compare
- 4 South Africa 12.66 Percentage of GDP compare
More reference data data for Türkiye
- Exposure to extreme precipitation — Annual precipitation change 86.44 Millimetres per year (2023)
- Exposure to extreme temperature — Annual temperature change 1.73 Degrees celsius (2023)
- IPAC Dashboard indicators — Geothermal 12,506 Index (2024)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 5.45 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 25.31 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 29.51 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 13.74 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 24.7 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 20 - External financial 0.0883 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.6342 Percentage of GDP (2021)
Frequently asked questions
- What is insurance indicators — penetration in Türkiye?
- Insurance indicators — penetration in Türkiye was 1.86 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance indicators — penetration recorded in Türkiye?
- The highest recorded value was 1.86 Percentage of GDP in 2024.
- What is the lowest insurance indicators — penetration recorded in Türkiye?
- The lowest recorded value was 0.333 Percentage of GDP in 1983.
- How does Türkiye rank for insurance indicators — penetration?
- Türkiye ranks 1st out of 1 regions with data for 2024.
- Is insurance indicators — penetration rising or falling in Türkiye?
- Over the last ten years it is up 49.2%. The long-run trend across the full record is rising.
- Where does this Türkiye 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 — 40 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.