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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 manufacturing industry in the Philippines is the top contributor to the country’s economic growth, and the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector accounted ...
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Colombia is Latin America’s fourth-largest economy, after Brazil, Mexico and Argentina, but, unlike its peers in the region, the country has experienced steady growth over the past five years, thanks to stable and conservative economic policies ...
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Brazil is a leading player in the global wood and paper industry, ranking among the top ten largest producers of pulp, paper products and wood panels, as well as being the biggest exporter of pulp, according to estimates published in January 2019 by ...
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Brazil’s insurance sector continued to grow in 2018, albeit at a slower pace, against an accelerating economy and record-low interest rates. During the year, total insurance premium income rose by 3.7% y/y to BRL 444.9bn, propelled by an uptick ...
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As the world’s most populous country with a fast-expanding economy, China has great demand for and strong capacity to produce energy. The country was the world’s third biggest consumer and sixth biggest producer of natural gas in 2017. As ...
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Transportation infrastructure and services are enablers of economic growth that Thailand has worked hard to enhance since a military-backed government came to power in the wake of a coup in 2014. Transportation and storage GVA accounted to 5.8% of ...
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The information and communication technology (ICT) sector was one of the main growth drivers of the Czech economy in 2017, expanding its GVA by 6%, well above the GDP growth rate of 4.4%. As a result, its share in the country’s economy rose to ...
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The food and beverage industry is one of the largest sectors in the Colombian economy, responsible for 3.4% of the country’s GDP in 2018. Between 2013 and 2018, the sector’s GVA rose at a CAGR of 2.1%, supported by growing domestic demand ...
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A home to 7.5% of the world’s oil reserves and 7.1% of the global natural gas reserves, Africa is an important player in the hydrocarbon industry. The continent’s share in global oil production stood at 8.7% in 2017, slightly up from 8.4% ...
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Africa’s renewable energy sector experienced its strongest year in 2017, in line with the global trend. The cumulative end-year capacity of the sector expanded by 12.5% y/y to 42.7 GW, outpacing the global growth rate of 8.5% y/y, according to ...
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