New Zealand Insurance Premium Penetration (% of GDP) (2021)
New Zealand's Insurance Premium Penetration (% of GDP): 3.3 % of GDP in 2021, -0.2pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2000–2021.
New Zealand (2021)
3.3
% of GDP
-0.2pp YoY
YoY Change
-0.2pp
percentage points
Trend
down
Series length
19
years of data
Data
| Year | % of GDP | Change |
|---|---|---|
| 2021 | 3.3 | -0.2pp |
| 2020 | 3.5 | +0.1pp |
| 2019 | 3.4 | n/a |
| 2017 | 2.4 | -0.1pp |
| 2016 | 2.5 | unchanged |
| 2015 | 2.5 | -0.1pp |
| 2014 | 2.6 | -0.1pp |
| 2013 | 2.7 | +0.1pp |
| 2012 | 2.6 | n/a |
| 2010 | 2.3 | -0.1pp |
| 2009 | 2.4 | +0.1pp |
| 2008 | 2.3 | -0.1pp |
| 2007 | 2.4 | -0.2pp |
| 2006 | 2.6 | unchanged |
| 2005 | 2.6 | +0.1pp |
| 2004 | 2.5 | +0.4pp |
| 2003 | 2.1 | n/a |
| 2001 | 2.3 | -0.2pp |
| 2000 | 2.5 | n/a |
About this Dataset
New Zealand recorded 3.3 % of GDP in 2021. The latest change was -0.2pp. Across 2000–2021 the series ranges from 2.1 % of GDP in 2003 to 3.5 % of GDP in 2020.
This page tracks total insurance gross written premiums as a share of GDP in New Zealand. Insurance penetration is the primary measure of financial services sector development and household risk protection depth.
Data sourced from OECD via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks total insurance gross written premiums as a share of GDP in New Zealand. Insurance penetration is the primary measure of financial services sector development and household risk protection depth. It is published by OECD and updated annually.
The most recent observation covers 2021. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2000–2021 (19 observations).
The series peaked at 3.5 % of GDP in 2020 and reached its lowest recorded value of 2.1 % of GDP in 2003. The latest reading is 3.3 % of GDP in 2021. The latest change was -0.2pp.