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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.
Physical retail in Thailand is still growing, in contrast to the situation in many developed countries, which has triggered ruminations about a possible “retail apocalypse.” Thailand remains a growing, upper-middle income country, and ...
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Generating some 14% of Russia’s GDP and employing over 13mn people, the retail sector is a significant driver of the country’s economy. In 2018, retail trade turnover increased by 6.2% y/y in value terms and by 2.8% y/y in ...
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In Q2 2019, insurance remained one of the few industries to enjoy dynamic development in China amid an overall economic slowdown. The total premium income of the sector rose by 11.2% y/y to RMB 921.5bn during the quarter, of which ...
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Brazil ranked third globally in 2018 in terms of installed capacity from renewable energy sources, after only China and the United States. It is first by installed biomass capacity, second in terms of hydropower capacity, and eighth regarding wind ...
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The mining industry is of strategic importance to the Russian economy, contributing about 12% to the GDP, providing jobs to 1.1mn people and contributing a third to government revenues. Since Russia hosts one of the world’s largest ...
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Romania is EU’s third largest natural gas and the fifth largest crude oil producer. The crude oil and natural gas production value came in at RON 17.8bn in 2018, or 19% of the country’s GDP at current prices. The sector provided ...
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In 2018, Chile consolidated its positions as the world’s leading copper mine producer, with a 28% share in global output; its second-biggest molybdenum miner, with 22.2%; and its fifth-largest producer of silver, with 5.5%. The country also ...
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The food and beverage industry is the largest manufacturing sector in Brazil, accounting for about a quarter of its value added and for 2.4% of the country’s GDP in 2018, according to the Brazilian Association of Food Industries (ABIA). ...
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Construction is the second largest economic activity in India and contributes 8% to the total gross value added. Construction sector employs more than 51mn workers, making it the second largest employer in the country. Large employability in the ...
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Indonesia’s tourism industry is an important driver of economic growth, job creation and foreign exchange income. The total contribution of travel and tourism to the country’s gross domestic product (GDP) stood at 6% in 2018, ...
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