Canada Life Insurance Premium Penetration (% of GDP) (2024)
Canada's Life Insurance Premium Penetration (% of GDP): 3.5 % of GDP in 2024, +0.1pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2000–2024.
Canada (2024)
3.5
% of GDP
+0.1pp YoY
YoY Change
+0.1pp
percentage points
Trend
up
Series length
25
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 3.5 | +0.1pp |
| 2023 | 3.4 | +0.5pp |
| 2022 | 2.9 | -0.2pp |
| 2021 | 3.1 | -0.1pp |
| 2020 | 3.2 | +0.3pp |
| 2019 | 2.9 | +1.6pp |
| 2018 | 1.3 | unchanged |
| 2017 | 1.3 | unchanged |
| 2016 | 1.3 | unchanged |
| 2015 | 1.3 | +0.1pp |
| 2014 | 1.2 | -0.4pp |
| 2013 | 1.6 | unchanged |
| 2012 | 1.6 | unchanged |
| 2011 | 1.6 | -0.2pp |
| 2010 | 1.8 | -0.1pp |
| 2009 | 1.9 | -0.4pp |
| 2008 | 2.3 | -1pp |
| 2007 | 3.3 | +0.3pp |
| 2006 | 3 | unchanged |
| 2005 | 3 | unchanged |
About this Dataset
Canada recorded 3.5 % of GDP in 2024. The latest change was +0.1pp. Across 2000–2024 the series ranges from 1.2 in 2014 to 3.5 in 2024.
This page tracks life insurance gross written premiums as a share of GDP in Canada from 2000 to present. Life insurance penetration measures the depth of long-term savings mobilisation through the insurance channel.
Data sourced from OECD via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks life insurance gross written premiums as a share of GDP in Canada from 2000 to present. Life insurance penetration measures the depth of long-term savings mobilisation through the insurance channel. 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 3.5 % of GDP in 2024 and reached its lowest recorded value of 1.2 in 2014. The latest reading of 3.5 in 2024 represents a change of +0.1pp.