14.4.
 Populating a Database
One might need to insert a large amount of data when first
 populating a database. This section contains some suggestions on
 how to make this process as efficient as possible.
14.4.1. Disable
 Autocommit
Turn off autocommit and just do one commit at the end. (In
 plain SQL, this means issuing BEGIN at
 the start and COMMIT at the end. Some
 client libraries might do this behind your back, in which case
 you need to make sure the library does it when you want it
 done.) If you allow each insertion to be committed separately,
 PostgreSQL is doing a lot of
 work for each row that is added. An additional benefit of doing
 all insertions in one transaction is that if the insertion of
 one row were to fail then the insertion of all rows inserted up
 to that point would be rolled back, so you won't be stuck with
 partially loaded data.
14.4.2. Use COPY
Use COPY to load all
 the rows in one command, instead of using a series of
 INSERT commands. The COPY command is optimized for loading large
 numbers of rows; it is less flexible than INSERT, but incurs significantly less overhead
 for large data loads. Since COPY is a
 single command, there is no need to disable autocommit if you
 use this method to populate a table.
If you cannot use COPY, it might
 help to use PREPARE
 to create a prepared INSERT statement,
 and then use EXECUTE as many times as
 required. This avoids some of the overhead of repeatedly
 parsing and planning INSERT. Different
 interfaces provide this facility in different ways; look for
 "prepared statements" in the
 interface documentation.
Note that loading a large number of rows using COPY is almost always faster than using
 INSERT, even if PREPARE is used and multiple insertions are
 batched into a single transaction.
COPY is fastest when used within
 the same transaction as an earlier CREATE
 TABLE or TRUNCATE command. In
 such cases no WAL needs to be written, because in case of an
 error, the files containing the newly loaded data will be
 removed anyway. However, this consideration does not apply when
 archive_mode is
 set, as all commands must write WAL in that case.