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

($ 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.