Korea vs United States of America: Non-life insurance premium volume to GDP
Korea
4.6%
in 2020
United States of America
3.4%
in 2020
Korea rank
3rd
United States of America rank
5th
Non-life insurance premium volume to GDP over time
- Korea
- United States of America
How they compare
Korea currently reports 4.6% against 3.4% in United States of America, a difference of 1.2%.
That makes Korea's figure about 1.4 times United States of America's.
The two have swapped places 1 time across 25 shared years of data; in 1996 it was United States of America ahead.
Korea ranks 3rd and United States of America ranks 5th of 167 countries.
Across the 4 decades both report, Korea averaged higher in 2 and United States of America in 2.
Head to head by decade
| Decade | Korea | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.7% | 3.2% | 0.5% | United States of America |
| 2000s | 2.7% | 3.4% | 0.7% | United States of America |
| 2010s | 4.4% | 3.2% | 1.3% | Korea |
| 2020s | 4.6% | 3.4% | 1.2% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher non-life insurance premium volume to gdp, Korea or United States of America?
- Korea, at 4.6% against 3.4% in United States of America as of 2020.
- What is the difference in non-life insurance premium volume to gdp between Korea and United States of America?
- 1.2%, with Korea ahead.
- How many years of comparable data are there for Korea and United States of America?
- 25 years are reported by both, from 1996 to 2020.
- How do Korea and United States of America rank globally for non-life insurance premium volume to gdp?
- Korea ranks 3rd and United States of America ranks 5th of 167 countries.
- Where does this data come from?
- Sigma Reports, Swiss Re, published as Non-life insurance premium volume to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Premium data is taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.