South Korea Non-Life Insurance Premium Penetration (% of GDP) (2023)
South Korea's Non-Life Insurance Premium Penetration (% of GDP): 5.2 % of GDP in 2023, unchanged YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2000–2023.
South Korea (2023)
5.2
% of GDP
unchanged YoY
YoY Change
unchanged
percentage points
Trend
neutral
Series length
24
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2023 | 5.2 | unchanged |
| 2022 | 5.2 | +0.4pp |
| 2021 | 4.8 | -0.2pp |
| 2020 | 5 | +0.3pp |
| 2019 | 4.7 | +0.3pp |
| 2018 | 4.4 | -0.2pp |
| 2017 | 4.6 | unchanged |
| 2016 | 4.6 | unchanged |
| 2015 | 4.6 | -0.1pp |
| 2014 | 4.7 | +0.4pp |
| 2013 | 4.3 | -0.2pp |
| 2012 | 4.5 | +0.5pp |
| 2011 | 4 | +0.4pp |
| 2010 | 3.6 | +0.3pp |
| 2009 | 3.3 | +0.2pp |
| 2008 | 3.1 | +0.2pp |
| 2007 | 2.9 | +0.1pp |
| 2006 | 2.8 | +0.3pp |
| 2005 | 2.5 | +0.1pp |
| 2004 | 2.4 | unchanged |
About this Dataset
South Korea recorded 5.2 % of GDP in 2023. That is unchanged on the previous period. Across 2000–2023 the series ranges from 2.4 % of GDP in 2004 to 5.2 % of GDP in 2023.
This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in South Korea. Non-life penetration measures commercial risk transfer capacity and SME insurance coverage depth.
Data sourced from OECD via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in South Korea. Non-life penetration measures commercial risk transfer capacity and SME insurance coverage depth. 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 is at its highest recorded level, 5.2 % of GDP in 2023, up from a low of 2.4 % of GDP in 2004. That is unchanged on the previous period.