Australia Insurance Premium Penetration (% of GDP) (2024)
Australia's Insurance Premium Penetration (% of GDP): 3 % of GDP in 2024, -0.1pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2000–2024.
Australia (2024)
3
% of GDP
-0.1pp YoY
YoY Change
-0.1pp
percentage points
Trend
down
Series length
25
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 3 | -0.1pp |
| 2023 | 3.1 | unchanged |
| 2022 | 3.1 | unchanged |
| 2021 | 3.1 | -0.2pp |
| 2020 | 3.3 | -0.4pp |
| 2019 | 3.7 | -0.4pp |
| 2018 | 4.1 | -0.4pp |
| 2017 | 4.5 | -0.5pp |
| 2016 | 5 | -0.6pp |
| 2015 | 5.6 | -0.4pp |
| 2014 | 6 | +0.9pp |
| 2013 | 5.1 | +0.3pp |
| 2012 | 4.8 | -0.1pp |
| 2011 | 4.9 | unchanged |
| 2010 | 4.9 | -0.2pp |
| 2009 | 5.1 | -0.5pp |
| 2008 | 5.6 | -0.5pp |
| 2007 | 6.1 | +0.5pp |
| 2006 | 5.6 | -0.2pp |
| 2005 | 5.8 | -0.4pp |
About this Dataset
Australia recorded 3 % of GDP in 2024. The latest change was -0.1pp. Across 2000–2024 the series ranges from 3 % of GDP in 2024 to 8 % of GDP in 2000.
This page tracks total insurance gross written premiums as a share of GDP in Australia. Insurance penetration is the primary measure of financial services sector development and household risk protection depth.
Data sourced from OECD via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks total insurance gross written premiums as a share of GDP in Australia. Insurance penetration is the primary measure of financial services sector development and household risk protection depth. It is published by OECD and updated annually.
The most recent observation covers 2024. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2000–2024 (25 observations).
The series is at its lowest recorded level, 3 % of GDP in 2024, down from a peak of 8 % of GDP in 2000. The latest change was -0.1pp.