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

($ 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.