{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"co-insurance-penetration-gdp","url":"https://apiardata.com/statistics/co-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/co-insurance-penetration-gdp/","title":"Colombia Insurance Premium Penetration (% of GDP) (2024)","description":"Colombia's Insurance Premium Penetration (% of GDP): 3.3 % of GDP in 2024, +0.1pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2009–2024.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","Colombia","2024"],"publisher":"OECD","frequency":"Annual","geography":"Colombia","temporal_coverage":"2009/2024","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2024","variable_measured":"Colombia 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":"2009–2024"},{"label":"Observations","value":"16"},{"label":"Geography","value":"Colombia"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"Colombia (2024)","value":"3.3","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":"16","unit":"years of data"}],"series":[{"key":"value","label":"Colombia Insurance Premium Penetration (% of GDP)"}],"observation_count":16,"observations":[{"period":"2009","value":2.28},{"period":"2010","value":2.254},{"period":"2011","value":2.256},{"period":"2012","value":2.439},{"period":"2013","value":2.638},{"period":"2014","value":2.495},{"period":"2015","value":2.672},{"period":"2016","value":2.794},{"period":"2017","value":2.825},{"period":"2018","value":2.76},{"period":"2019","value":2.85},{"period":"2020","value":3.057},{"period":"2021","value":2.964},{"period":"2022","value":3.216},{"period":"2023","value":3.197},{"period":"2024","value":3.291}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2024","value":"3.3","yoyChange":"+0.1pp"},{"year":"2023","value":"3.2","yoyChange":"unchanged"},{"year":"2022","value":"3.2","yoyChange":"+0.2pp"},{"year":"2021","value":"3.0","yoyChange":"-0.1pp"},{"year":"2020","value":"3.1","yoyChange":"+0.2pp"},{"year":"2019","value":"2.9","yoyChange":"+0.1pp"},{"year":"2018","value":"2.8","yoyChange":"unchanged"},{"year":"2017","value":"2.8","yoyChange":"unchanged"},{"year":"2016","value":"2.8","yoyChange":"+0.1pp"},{"year":"2015","value":"2.7","yoyChange":"+0.2pp"},{"year":"2014","value":"2.5","yoyChange":"-0.1pp"},{"year":"2013","value":"2.6","yoyChange":"+0.2pp"},{"year":"2012","value":"2.4","yoyChange":"+0.1pp"},{"year":"2011","value":"2.3","yoyChange":"unchanged"},{"year":"2010","value":"2.3","yoyChange":"unchanged"},{"year":"2009","value":"2.3","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks total insurance gross written premiums as a share of GDP in Colombia 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."},{"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 2009–2024 (16 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 3.3 % of GDP in 2024 and reached its lowest recorded value of 2.3 in 2010. The latest reading of 3.3 in 2024 represents a change of +0.1pp."}]}