South Korea Life Insurance Premium Penetration (% of GDP) (2023)
South Korea's Life Insurance Premium Penetration (% of GDP): 4.7 % of GDP in 2023, -1pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2000–2023.
South Korea (2023)
4.7
% of GDP
-1pp YoY
YoY Change
-1pp
percentage points
Trend
down
Series length
24
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2023 | 4.7 | -1pp |
| 2022 | 5.7 | +0.4pp |
| 2021 | 5.3 | -0.5pp |
| 2020 | 5.8 | +0.1pp |
| 2019 | 5.7 | +0.2pp |
| 2018 | 5.5 | -0.4pp |
| 2017 | 5.9 | -0.6pp |
| 2016 | 6.5 | -0.2pp |
| 2015 | 6.7 | unchanged |
| 2014 | 6.7 | -0.2pp |
| 2013 | 6.9 | -0.2pp |
| 2012 | 7.1 | +1.1pp |
| 2011 | 6 | +0.1pp |
| 2010 | 5.9 | -0.1pp |
| 2009 | 6 | -0.2pp |
| 2008 | 6.2 | -0.3pp |
| 2007 | 6.5 | +0.1pp |
| 2006 | 6.4 | +0.2pp |
| 2005 | 6.2 | +0.5pp |
| 2004 | 5.7 | -0.1pp |
About this Dataset
South Korea recorded 4.7 % of GDP in 2023. The latest change was -1pp. Across 2000–2023 the series ranges from 4.7 in 2023 to 8.2 in 2000.
This page tracks life insurance gross written premiums as a share of GDP in South Korea 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 South Korea 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 2023. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2000–2023 (24 observations).
The series peaked at 8.2 % of GDP in 2000 and reached its lowest recorded value of 4.7 in 2023. The latest reading of 4.7 in 2023 represents a change of -1pp.