In 2020, Puerto Rico had the largest insurance premiums as a share of gross domestic product (GDP) in Latin America. Insurance premiums constituted nearly 17 percent of the GDP in Puerto Rico that year. This was followed by Chile, with insurance premiums making up around four percent of its GDP. The third place ranking is completed by Brazil, with insurance premiums in this Latin American country making up 3.2 percent of its GDP.
Insurance premiums as a share of gross domestic product in selected countries in Latin America and the Caribbean in 2020
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Mapfre. (September 28, 2021). Insurance premiums as a share of gross domestic product in selected countries in Latin America and the Caribbean in 2020 [Graph]. In Statista. Retrieved August 08, 2022, from https://www.statista.com/statistics/1131908/latin-america-insurance-penetration-rate-country/
Mapfre. "Insurance premiums as a share of gross domestic product in selected countries in Latin America and the Caribbean in 2020." Chart. September 28, 2021. Statista. Accessed August 08, 2022. https://www.statista.com/statistics/1131908/latin-america-insurance-penetration-rate-country/
Mapfre. (2021). Insurance premiums as a share of gross domestic product in selected countries in Latin America and the Caribbean in 2020. Statista. Statista Inc.. Accessed: August 08, 2022. https://www.statista.com/statistics/1131908/latin-america-insurance-penetration-rate-country/
Mapfre. "Insurance Premiums as a Share of Gross Domestic Product in Selected Countries in Latin America and The Caribbean in 2020." Statista, Statista Inc., 28 Sep 2021, https://www.statista.com/statistics/1131908/latin-america-insurance-penetration-rate-country/
Mapfre, Insurance premiums as a share of gross domestic product in selected countries in Latin America and the Caribbean in 2020 Statista, https://www.statista.com/statistics/1131908/latin-america-insurance-penetration-rate-country/ (last visited August 08, 2022)
