{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"nz-insurance-penetration-gdp","url":"https://apiardata.com/statistics/nz-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/nz-insurance-penetration-gdp/","title":"New Zealand Insurance Premium Penetration (% of GDP) (2021)","description":"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.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","New Zealand","2021"],"publisher":"OECD","frequency":"Annual","geography":"New Zealand","temporal_coverage":"2000/2021","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2021","variable_measured":"New Zealand 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":"2000–2021"},{"label":"Observations","value":"19"},{"label":"Geography","value":"New Zealand"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"New Zealand (2021)","value":"3.3","unit":"% of GDP","trend":{"direction":"down","value":"-0.2pp YoY"}},{"label":"YoY Change","value":"-0.2pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"19","unit":"years of data"}],"series":[{"key":"value","label":"New Zealand Insurance Premium Penetration (% of GDP)"}],"observation_count":19,"observations":[{"period":"2000","value":2.455},{"period":"2001","value":2.304},{"period":"2003","value":2.071},{"period":"2004","value":2.525},{"period":"2005","value":2.629},{"period":"2006","value":2.562},{"period":"2007","value":2.37},{"period":"2008","value":2.307},{"period":"2009","value":2.372},{"period":"2010","value":2.259},{"period":"2012","value":2.566},{"period":"2013","value":2.673},{"period":"2014","value":2.642},{"period":"2015","value":2.514},{"period":"2016","value":2.468},{"period":"2017","value":2.356},{"period":"2019","value":3.405},{"period":"2020","value":3.477},{"period":"2021","value":3.346}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2021","value":"3.3","yoyChange":"-0.2pp"},{"year":"2020","value":"3.5","yoyChange":"+0.1pp"},{"year":"2019","value":"3.4","yoyChange":"n/a"},{"year":"2017","value":"2.4","yoyChange":"-0.1pp"},{"year":"2016","value":"2.5","yoyChange":"unchanged"},{"year":"2015","value":"2.5","yoyChange":"-0.1pp"},{"year":"2014","value":"2.6","yoyChange":"-0.1pp"},{"year":"2013","value":"2.7","yoyChange":"+0.1pp"},{"year":"2012","value":"2.6","yoyChange":"n/a"},{"year":"2010","value":"2.3","yoyChange":"-0.1pp"},{"year":"2009","value":"2.4","yoyChange":"+0.1pp"},{"year":"2008","value":"2.3","yoyChange":"-0.1pp"},{"year":"2007","value":"2.4","yoyChange":"-0.2pp"},{"year":"2006","value":"2.6","yoyChange":"unchanged"},{"year":"2005","value":"2.6","yoyChange":"+0.1pp"},{"year":"2004","value":"2.5","yoyChange":"+0.4pp"},{"year":"2003","value":"2.1","yoyChange":"n/a"},{"year":"2001","value":"2.3","yoyChange":"-0.2pp"},{"year":"2000","value":"2.5","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 New Zealand 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 2021. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2000–2021 (19 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 3.5 % of GDP in 2020 and reached its lowest recorded value of 2.1 in 2003. The latest reading of 3.3 in 2021 represents a change of -0.2pp."}]}