South Africa Non-Life Insurance Premium Penetration (% of GDP) (2023)
South Africa's Non-Life Insurance Premium Penetration (% of GDP): 2.5 % of GDP in 2023, -0.4pp YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2010–2023.
South Africa (2023)
2.5
% of GDP
-0.4pp YoY
YoY Change
-0.4pp
percentage points
Trend
down
Series length
10
years of data
Data
| Year | % of GDP | Change |
|---|---|---|
| 2023 | 2.5 | -0.4pp |
| 2022 | 2.9 | +0.6pp |
| 2021 | 2.3 | -0.1pp |
| 2020 | 2.4 | n/a |
| 2016 | 2.3 | -0.1pp |
| 2015 | 2.4 | +0.1pp |
| 2014 | 2.3 | -0.3pp |
| 2013 | 2.6 | n/a |
| 2011 | 2.7 | +0.1pp |
| 2010 | 2.6 | n/a |
About this Dataset
South Africa recorded 2.5 % of GDP in 2023. The latest change was -0.4pp. Across 2010–2023 the series ranges from 2.3 % of GDP in 2021 to 2.9 % of GDP in 2022.
This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in South Africa. 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 Africa. 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 2010–2023 (10 observations).
The series peaked at 2.9 % of GDP in 2022 and reached its lowest recorded value of 2.3 % of GDP in 2021. The latest reading is 2.5 % of GDP in 2023. The latest change was -0.4pp.