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 in 2024 to 8 in 2000.
This page tracks total insurance gross written premiums as a share of GDP in Australia from 2000 to present. 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 from 2000 to present. 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 peaked at 8 % of GDP in 2000 and reached its lowest recorded value of 3 in 2024. The latest reading of 3 in 2024 represents a change of -0.1pp.