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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 Russian electric power sector contributes an approximate 2.5% share to the economy in terms of nominal GVA and provides jobs to about 2.5% of the country’s workforce. Russia relies on thermal power sources to generate most of its ...
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The Indonesian food and beverage manufacturing sector is an important source of economic growth and is seen by the government as a strategically important industry. It contributed 6.3% to the nominal GDP in 2018 and expanded faster than the overall ...
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Metal processing is one of Poland’s top ten industrial sectors, accounting for 0.5% of the country’s GDP and 3.9% of sold production of industry according to 2017 data. The sector employs over 60,000 people and generates 9.9% of ...
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In 2018 the food sector's GVA stood for 2.5% of Poland’s total GVA. Overall, the food sector GVA accounted for 2.2% of the country's GDP in 2018. Poland was the EU’s sixth biggest food producer in terms of output value as well as the ...
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Tourism is among China’s most important sectors, with total contribution amounting to RMB 9.9tn or 11% of GDP. China’s tourism sector has been dominated by domestic travel over the last decade, supported by rising disposable income, ...
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Agriculture plays a major socio-economic role in Ecuador, accounting for 9.2% of the country’s GDP and 28.3% of formal employment in 2018. During the year, it was also one of the driving forces of the economy, as its GVA expanded by 3.2% y/y, ...
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Indonesia has one of the fastest-growing pharmaceuticals and healthcare sectors in the ASEAN region, in large part due to the government’s active role in encouraging development. Still, Indonesia’s healthcare services provision is ...
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In Q4 2019, China’s total real estate investment (REI) amounted to RMB 3.4tn, up by 8.2% y/y, lower than the 11.8%, 10.4% and 9.9% y/y increase recorded in Q1, Q2 and Q3 2019, respectively. Specifically, the growth rate of residential REI ...
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As home to oil and natural gas reserves that are among the world’s biggest, Russia is an important energy supplier for the global economy. In 2018, the country was the world’s second-largest gas producer, with a 17% share in global output ...
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After the passing of the energy reform at the end of 2013, Mexico’s electric power sector experienced positive results. Between 2014 and 2018, power generation grew at a CAGR of 3.1%, supported by a stable 1.7% average annual increase in ...
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