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Current Table

Insurance Sector's Share of Gross Domestic Product (GDP), 2019-2023
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of
total GDP
2019 21,521.4 629.0 2.9%
2020 21,323.0 629.3 3.0
2021 23,594.0 638.5 2.7
2022 25,744.1 687.3 2.7
2023 27,360.9 691.0 2.5

Note: Gross domestic product (GDP) is the total value of all final goods and services produced in the economy. The GDP growth rate is the primary indicator of the state of the economy.

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 

Archived Tables

INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2003-2007
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($ billions)

    Insurance carriers and related activities
Year Total GDP GDP Percent of total GDP
2003 $10,886.2 $255.0 2.3%
2004 11,607.0 267.7 2.3
2005 12,339.0 280.0 2.3
2006 13,090.8 311.8 2.4
2007 13,715.7 332.5 2.4

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2004-2008
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($ billions)

    Insurance carriers and related activities
Year Total GDP GDP Percent of total GDP
2004 $11,867.8 $319.6 2.7%
2005 12,638.4 337.5 2.7
2006 13,398.9 367.4 2.7
2007 14,077.6 392.5 2.8
2008 14,441.4 464.0 3.2

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2005-2009
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($ billions)

    Insurance carriers and related activities
Year Total GDP GDP Percent of total GDP
2005 $12,638.4 $337.5 2.7%
2006 13,398.9 367.4 2.7
2007 14,061.8 392.4 2.8
2008 14,369.1 350.9 2.4
2009 14,119.0 424.5 3.0

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2006-2010
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($ billions)

    Insurance carriers and related activities
Year Total GDP GDP Percent of total GDP
2006 $13,377.2 $363.6 2.7%
2007 14,028.7 388.8 2.8
2008 14,291.5 345.6 2.4
2009 13,939.0 369.9 2.7
2010 14,526.5 404.6 2.8

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2007-2011
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($ billions)

    Insurance carriers and related activities
Year Total GDP GDP Percent of total GDP
2007 $14,028.7 $388.8 2.8%
2008 14,291.5 345.6 2.4
2009 13,973.7 388.1 2.8
2010 14,498.9 383.8 2.6
2011 15,075.7 397.6 2.6

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2007-2011
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($ billions)

    Insurance carriers and related activities
Year Total GDP GDP Percent of total GDP
2007 $14,028.7 $388.8 2.8%
2008 14,291.5 345.6 2.4
2009 13,973.7 388.1 2.8
2010 14,498.9 383.8 2.6
2011 15,075.7 397.6 2.6

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2007-2011
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($ billions)

    Insurance carriers and related activities
Year Total GDP GDP Percent of total GDP
2007 $14,028.7 $388.8 2.8%
2008 14,291.5 345.6 2.4
2009 13,973.7 388.1 2.8
2010 14,498.9 383.8 2.6
2011 15,075.7 397.6 2.6

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2008-2012
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($ billions)

 

 

    Insurance carriers and related activities
Year Total GDP GDP Percent of total GDP
2008 $14,720.3 $339.7 2.3%
2009 14,417.9 357.5 2.5
2010 14,958.3 364.8 2.4
2011 15,533.8 378.5 2.4
2012 16,244.6 413.1 2.5

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
INSURANCE SECTOR'S SHARE OF GROSS DOMESTIC PRODUCT (GDP), 2009-2013
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($ billions)

    Insurance carriers
and related activities
Year Total GDP GDP Percent of total GDP
2009 $14,418.7 $357.6 2.5%
2010 14,964.4 365.2 2.4
2011 15,517.9 379.5 2.4
2012 16,163.2 398.9 2.5
2013 16,768.1 421.4 2.5

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
Insurance Sector's Share Of Gross Domestic Product (GDP), 2010-2014
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of total GDP
2010 $14,964.4 $365.2 2.4%
2011 15,517.9 379.5 2.4
2012 16,155.3 402.6 2.5
2013 16,663.2 410.3 2.5
2014 17,348.1 450.3 2.6

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
Insurance Sector's Share Of Gross Domestic Product (GDP), 2012-2016
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of total GDP
2012 $16,155.3 $402.6 2.5%
2013 16,691.5 406.2 2.4
2014 17,393.1 465.7 2.7
2015 18,036.6 489.3 2.7
2016 18,569.1 507.7 (1) 2.7

(1) Preliminary.

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
Insurance Sector's Share Of Gross Domestic Product (GDP), 2013-2017
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of total GDP
2013 $16,691.5 $406.2 2.4%
2014 17,427.6 473.1 2.7
2015 18,120.7 559.5 3.1
2016 18,624.5 585.9 3.1
2017 19,390.6 602.7 (1) 3.1

(1) Preliminary.

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
Insurance Sector's Share Of Gross Domestic Product (GDP), 2014-2018
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of
total GDP
2014 $17,521.7 $485.2 2.8%
2015 18,219.3 542.2 3.0
2016 18,707.2 557.5 3.0
2017 19,485.4 540.8 2.8
2018 20,494.1 564.5 2.8

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
Insurance Sector's Share Of Gross Domestic Product (GDP), 2015-2019
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of
total GDP
2015 $18,224.8 $552.3 3.0%
2016 18,715.0 569.1 3.0
2017 19,519.4 558.8 2.9
2018 20,580.2 609.2 3.0
2019 21,427.7 629.7 2.9

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
Insurance Sector's Share Of Gross Domestic Product (GDP), 2016-2020
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of
total GDP
2016 $18,745.1 $570.9 3.0%
2017 19,543.0 560.6 2.9
2018 20,611.9 603.0 2.9
2019 21,433.2 615.0 2.9
2020 20,936.6 645.5 3.1

Note: Gross domestic product (GDP) is the total value of all final goods and services produced in the economy. The GDP growth rate is the primary indicator of the state of the economy.

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
Insurance Sector's Share Of Gross Domestic Product (GDP), 2017-2021
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of
total GDP
2017 $19,479.6 $550.7 2.8%
2018 20,527.2 590.7 2.9
2019 21,372.6 604.5 2.8
2020 20,893.7 640.3 3.1
2021 22,996.1 674.2 2.9

Note: Gross domestic product (GDP) is the total value of all final goods and services produced in the economy. The GDP growth rate is the primary indicator of the state of the economy.

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

 
Insurance Sector's Share Of Gross Domestic Product (GDP), 2018-2022
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($ billions)

    Insurance carriers and
related activities
Year Total GDP GDP Percent of
total GDP
2018 $20,533.1 $590.9 2.9%
2019 21,381.0 608.6 2.8
2020 21,060.5 618.0 2.9
2021 23,315.1 637.3 2.7
2022 25,462.7 660.2 2.6

Note: Gross domestic product (GDP) is the total value of all final goods and services produced in the economy. The GDP growth rate is the primary indicator of the state of the economy.

Source: U.S. Department of Commerce, Bureau of Economic Analysis.