{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"ca-life-insurance-penetration-gdp","url":"https://apiardata.com/statistics/ca-life-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/ca-life-insurance-penetration-gdp/","title":"Canada Life Insurance Premium Penetration (% of GDP) (2024)","description":"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.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","Canada","2024"],"publisher":"OECD","frequency":"Annual","geography":"Canada","temporal_coverage":"2000/2024","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2024","variable_measured":"Canada Life Insurance Premium Penetration (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"OECD","url":"https://data-explorer.oecd.org/vis?fs[0]=Topic%2C0%7CFinancial+sector%23FIN%23&pg=0&fc=Topic&bp=true&snb=10"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2024"},{"label":"Observations","value":"25"},{"label":"Geography","value":"Canada"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"Canada (2024)","value":"3.5","unit":"% of GDP","trend":{"direction":"up","value":"+0.1pp YoY"}},{"label":"YoY Change","value":"+0.1pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"25","unit":"years of data"}],"series":[{"key":"value","label":"Canada Life Insurance Premium Penetration (% of GDP)"}],"observation_count":25,"observations":[{"period":"2000","value":3.246},{"period":"2001","value":2.982},{"period":"2002","value":2.848},{"period":"2003","value":2.8},{"period":"2004","value":2.969},{"period":"2005","value":3.027},{"period":"2006","value":3.05},{"period":"2007","value":3.268},{"period":"2008","value":2.297},{"period":"2009","value":1.873},{"period":"2010","value":1.756},{"period":"2011","value":1.638},{"period":"2012","value":1.554},{"period":"2013","value":1.583},{"period":"2014","value":1.233},{"period":"2015","value":1.272},{"period":"2016","value":1.323},{"period":"2017","value":1.336},{"period":"2018","value":1.34},{"period":"2019","value":2.915},{"period":"2020","value":3.173},{"period":"2021","value":3.068},{"period":"2022","value":2.917},{"period":"2023","value":3.353},{"period":"2024","value":3.45}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2024","value":"3.5","yoyChange":"+0.1pp"},{"year":"2023","value":"3.4","yoyChange":"+0.5pp"},{"year":"2022","value":"2.9","yoyChange":"-0.2pp"},{"year":"2021","value":"3.1","yoyChange":"-0.1pp"},{"year":"2020","value":"3.2","yoyChange":"+0.3pp"},{"year":"2019","value":"2.9","yoyChange":"+1.6pp"},{"year":"2018","value":"1.3","yoyChange":"unchanged"},{"year":"2017","value":"1.3","yoyChange":"unchanged"},{"year":"2016","value":"1.3","yoyChange":"unchanged"},{"year":"2015","value":"1.3","yoyChange":"+0.1pp"},{"year":"2014","value":"1.2","yoyChange":"-0.4pp"},{"year":"2013","value":"1.6","yoyChange":"unchanged"},{"year":"2012","value":"1.6","yoyChange":"unchanged"},{"year":"2011","value":"1.6","yoyChange":"-0.2pp"},{"year":"2010","value":"1.8","yoyChange":"-0.1pp"},{"year":"2009","value":"1.9","yoyChange":"-0.4pp"},{"year":"2008","value":"2.3","yoyChange":"-1pp"},{"year":"2007","value":"3.3","yoyChange":"+0.3pp"},{"year":"2006","value":"3.0","yoyChange":"unchanged"},{"year":"2005","value":"3.0","yoyChange":"unchanged"}]},"qa":[{"question":"What does this indicator measure?","answer":"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."},{"question":"How current is this data?","answer":"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)."},{"question":"What is the long-term trend?","answer":"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."}]}