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

($ 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.