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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 beverages sector was responsible for around 1.4% of the GDP in 2018 and generated more than 300,000 direct and indirect jobs. Poland is a significant alcoholic and non-alcoholic beverages producer. It ranks first among EU vodka producers, third ...
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Africa holds 7.3% of the world’s natural gas reserves and 7.2% of its crude oil reserves as of end-2018, according to data published in the 2019 edition of BP’s Statistical Review of World Energy. The continent is home to some 125.3 Bbbl ...
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The metal processing sector is an important contributor to Russia’s economic growth and a significant source of hard currency for the country. Russia has positioned itself as a major supplier of metals for the global market by leveraging on its ...
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Peru is a comparatively small pharmaceutical market in Latin America (ranking eighth in terms of sales volume in 2018), with a relatively young and growing population. However, public health spending is growing at a rapid pace, particularly in ...
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Brazil is the world’s second largest producer of ethanol and biodiesel after the US, and a pioneer developing biofuels as an economically viable alternative to fossil fuels since the introduction of flex-fuel (dual-fuel) vehicles in the country ...
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The agriculture, livestock and fisheries sector in Brazil plays a key role in the domestic economy, accounting for 5.1% of total GDP, 24.6% of total export value and 3.7% of total employment in 2018. The recent economic and political instability in ...
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India’s pharmaceutical and healthcare sector holds considerable growth potential. The pharmaceuticals subsector, in particular, is especially strong. India is a leader in the global market for generic drugs. The country’s exported ...
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During each year of the 2008-2019 period, written premiums in Colombia’s insurance sector grew faster than the country’s GDP. As a result, penetration levels have grown continually, reaching 2.84% at end-2019. Despite the positive ...
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The revenue of China’s mobile communications equipment sector rose by 4.3% y/y in 2019, according to data released by the MIIT. The gross value added of communications equipment manufacturing during this period increased by 6.1% y/y. ...
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According to data from China Iron and Steel Association (CISA), in the fourth quarter of 2019 China produced 248.5mn tonnes of crude steel and 295.5mn tonnes of steel products, recording y/y growth of 8.6% and 3.9%, respectively. Figures from the ...
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