South Korea: Life insurance premium volume, percent of GDP, 1993 - 2019:
For that indicator, we provide data for South Korea from 1993 to 2019. The average value for South Korea during that period was 6.9 percent with a minimum of 5.15 percent in 2013 and a maximum of 9.03 percent in 1997.
The latest value from 2019 is 6.13 percent. For comparison, the world average in 2019 based on 92
countries is 1.84 percent.
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use the country comparator to compare trends over time.
Definition: Ratio of life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are 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.