{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"za-insurance-penetration-gdp","url":"https://apiardata.com/statistics/za-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/za-insurance-penetration-gdp/","title":"South Africa Insurance Premium Penetration (% of GDP) (2023)","description":"South Africa's Insurance Premium Penetration (% of GDP): 12.7 % of GDP in 2023, +5.7pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2010–2023.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","South Africa","2023"],"publisher":"OECD","frequency":"Annual","geography":"South Africa","temporal_coverage":"2010/2023","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2023","variable_measured":"South Africa 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":"2010–2023"},{"label":"Observations","value":"10"},{"label":"Geography","value":"South Africa"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"South Africa (2023)","value":"12.7","unit":"% of GDP","trend":{"direction":"up","value":"+5.7pp YoY"}},{"label":"YoY Change","value":"+5.7pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"10","unit":"years of data"}],"series":[{"key":"value","label":"South Africa Insurance Premium Penetration (% of GDP)"}],"observation_count":10,"observations":[{"period":"2010","value":12.045},{"period":"2011","value":12.223},{"period":"2013","value":13.232},{"period":"2014","value":13.222},{"period":"2015","value":13.278},{"period":"2016","value":12.749},{"period":"2020","value":12.385},{"period":"2021","value":12.484},{"period":"2022","value":7.001},{"period":"2023","value":12.657}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2023","value":"12.7","yoyChange":"+5.7pp"},{"year":"2022","value":"7.0","yoyChange":"-5.5pp"},{"year":"2021","value":"12.5","yoyChange":"+0.1pp"},{"year":"2020","value":"12.4","yoyChange":"n/a"},{"year":"2016","value":"12.7","yoyChange":"-0.6pp"},{"year":"2015","value":"13.3","yoyChange":"+0.1pp"},{"year":"2014","value":"13.2","yoyChange":"unchanged"},{"year":"2013","value":"13.2","yoyChange":"n/a"},{"year":"2011","value":"12.2","yoyChange":"+0.2pp"},{"year":"2010","value":"12.0","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 South Africa 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 2023. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2010–2023 (10 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 13.3 % of GDP in 2015 and reached its lowest recorded value of 7 in 2022. The latest reading of 12.7 in 2023 represents a change of +5.7pp."}]}