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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 agribusiness sector plays an important role in the Philippines' economy, accounting for 9.1% of GDP in 2024 and 21.2% of employment in October 2024. The Philippines occupies leading positions in the global production of rice, pork, coconuts and ...
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The food & beverage sector plays an important role in the Philippine economy, accounting for 9.2% of GDP in 2024. The country holds leading positions in the global production of rice, pork, coconuts and bananas in 2024, complemented with a strong ...
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Thailand is the world's largest producer and exporter of natural rubber, accounting for roughly one-third of global supply and maintaining a dominant role in international rubber trade. The sector is a vital pillar of the Thai economy, supporting ...
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The Polish construction and real estate sector accounted for 11.6% of the country's GDP in 2024, generating PLN 420.8bn in gross value added in current prices and employing 1.2mn people. Construction and assembly output reached PLN 160.8bn in 2023 ...
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The Brazilian fintech ecosystem has proved to be highly adaptable despite a challenging economic scenario. The sector has recorded substantial expansion in both its customer base and product innovation, with a particular emphasis on serving small and ...
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Thailand's transport sector contributes around 5.3% to national GDP and provides employment for nearly 4% of the workforce. As part of its strategy to become a regional logistics and transportation hub, the government has directed significant ...
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China's telecommunications sector is relatively concentrated, with a few large state-owned enterprises. However, the government has also introduced new measures to allow more market participants in the sector to boost investment in emerging areas ...
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The real estate sector is a major pillar of China's economy and plays a crucial role in the country's economic growth. China's real estate sector continued to face downward pressure in 2024, although positive signs emerged in the last quarter of the ...
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Colombia's mining sector remained a cornerstone of the economy in 2024 in terms of external trade revenues, gross value added (GVA), and fiscal contributions, largely due to its vast output of mineral fuels-principally thermal and metallurgical coal. ...
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The government implemented insurance sector liberalisation in the 2000s to foster industry competition. The emergence of private insurers, increased competition, and a diverse array of insurance offerings in India have all contributed to the ...
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