Life insurance spend as a percentage of GDP South Korea 2008-2017

Published by L. Yoon, Dec 19, 2022
This statistic shows the expenditure on private life insurance as a percentage of GDP in South Korea from 2008 to 2017. In 2017, the share of life insurance spend amounted to 6.6 percent of GDP in South Korea.

Expenditure on private life insurance as a share of GDP in South Korea from 2008 to 2017

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Release date

July 2018

Region

South Korea

Survey time period

2008 to 2017

Supplementary notes

Life insurance in South Korea was categorized into private life insurance (by private companies), Korea Post life insurance, and NongHyup and SuHyup life insurances till 2011. Since 2012, NongHyup became a private company and NongHyup life insurance was transferred into private life insurance.

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