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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The agricultural sector is the largest employer in Indonesia and a main driver of growth for the economy. The sector provided employment of nearly 30% of the country’s workforce and generated almost 14% of its GDP in 2020. The ...
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Chile is a relatively small economy, having the fifth largest GDP in Latin America in 2020. However, its retail sector is well developed, mature and sophisticated, and in many aspects on a par with those of developed countries. In 2020, the ...
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Mexico has the second largest installed capacity for renewable energy in Latin America, trailing only Mexico. With 28.4 GW of total installations, renewable energy sources account for about a third of Mexico’s ...
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In the first quarter of 2021, China’s retail sector witnessed a surging popularity of e-commerce and a further digitalisation of the retail industry. Alibaba and its major competitors JD.com ...
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The gross value-added (GVA) of Brazil’s transportation, storage and postal services sector grew in nominal terms by a CAGR of 4.1% over 2015-2020. The sector’s performance followed overall economic activity, which rose on the ...
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Brazil was the tenth largest IT market in the world in 2019, with sales of hardware, software and IT services totalling USD 43.2bn and accounting for 1.8% of the global market. In the Latin American region, it was by far the largest ...
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Following a rebound in Q3 2020, China’s banking sector continued to recover in Q4 2020. Despite the continuously expanding balance sheet and increased lending, the net profit that Chinese commercial banks made stood at RMB 1.94tn ...
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The beverage manufacturing sector in Poland was responsible for 1.4% of the country’s GDP in 2019 and generated 23,100 direct jobs. Poland is a significant alcoholic and non-alcoholic beverages producer. It ranks no. 1 in the EU and ...
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The oil and gas industry was responsible for 3.6% of Argentina’s GDP in 2020, for 1% of total employment and for 3.1% of overall export value. In recent years, unconventional hydrocarbon exploitation has strongly ...
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The telecommunications sector is of fundamental importance to the development of China’s digital economy. Domestic consumption, for instance, is highly driven by the ‘new retail’ model, which relies on mobile communication ...
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