{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"nz-non-life-insurance-penetration-gdp","url":"https://apiardata.com/statistics/nz-non-life-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/nz-non-life-insurance-penetration-gdp/","title":"New Zealand Non-Life Insurance Premium Penetration (% of GDP) (2021)","description":"New Zealand's Non-Life Insurance Premium Penetration (% of GDP): 2.6 % of GDP in 2021, -0.1pp 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 Non-Life 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":"2.6","unit":"% of GDP","trend":{"direction":"down","value":"-0.1pp YoY"}},{"label":"YoY Change","value":"-0.1pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"19","unit":"years of data"}],"series":[{"key":"value","label":"New Zealand Non-Life Insurance Premium Penetration (% of GDP)"}],"observation_count":19,"observations":[{"period":"2000","value":1.917},{"period":"2001","value":1.792},{"period":"2003","value":1.912},{"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":2.602},{"period":"2020","value":2.685},{"period":"2021","value":2.592}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2021","value":"2.6","yoyChange":"-0.1pp"},{"year":"2020","value":"2.7","yoyChange":"+0.1pp"},{"year":"2019","value":"2.6","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":"+0.6pp"},{"year":"2003","value":"1.9","yoyChange":"n/a"},{"year":"2001","value":"1.8","yoyChange":"-0.1pp"},{"year":"2000","value":"1.9","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in New Zealand from 2000 to present. Non-life penetration measures commercial risk transfer capacity and SME insurance coverage 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 2.7 % of GDP in 2020 and reached its lowest recorded value of 1.8 in 2001. The latest reading of 2.6 in 2021 represents a change of -0.1pp."}]}