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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.
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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Colombia was the fourth-largest pharmaceutical market in Latin America in terms of sales volume in 2018, with a large and growing population, a universal but underfunded social security health insurance system, and a small but rapidly developing ...
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In 2018, Colombia was the sixth largest power generator in Latin America, ranking below countries with similar population levels, such as Argentina and Venezuela. This is mainly a result of the wide disparities in electricity coverage between large ...
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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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