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

($ 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.