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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 mining and quarrying sector, including oil and natural gas extraction, generated a gross output of CZK 67.3bn in 2017, decreasing by 0.7% y/y in real terms and recording the smallest drop in the period 2013-2017. The gross output of mining and ...
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The revenue of China’s mobile communications equipment sector rose by 5.6% y/y in the first nine months of 2019, according to MIIT. The gross value added of communications equipment manufacturing during this period increased by 7.1% y/y. ...
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Economic growth in the Philippines over the past few years has been strong as a result of rising remittances from overseas Filipino workers (“OFWs”) and a rising availability of comparatively high paying jobs from the business process ...
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Mexico, a traditional oil exporting country, saw its crude oil output continually decline at a CAGR of 4.3% between 2004 and 2018 due to the natural decay of the country’s mature fields, coupled with insufficient investment in exploration and ...
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Russia’s vast territory, wide range of tourist attractions and proximity to European and Asian markets offer strong growth potential for the country’s tourism sector. However, high entry barriers, underdeveloped transport infrastructure ...
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Poland has insignificant oil reserves and modest natural gas ones and is thus forced to import the bulk of energy sources to feed its growing economy. This creates a chronic trade deficit in crude oil, natural gas and petroleum products, which ...
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In 2018, Colombia’s agriculture, livestock, forestry, hunting and fisheries sector accounted for 6.3% of the country’s GDP. Between 2013 and 2018, the sector’s GVA rose at a CAGR of 4.2% in real terms, supported by the ...
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At the end of 2018, there were 195 insurance institutions operating in China, of which roughly 30% were foreign-funded or joint ventures. Traditional insurance subsectors, such as life insurance and property insurance, are highly concentrated, with ...
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In 2018, agriculture, forestry and fishing in Romania constituted 4.8% of the nominal GVA of the economy. The agricultural output value reached a record high of RON 90.2bn, up by 14.9% y/y. Animal production value was up by 5.5% y/y, while crop ...
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The real estate sector is a major factor for China’s economy growth, accounting for more than 6% of the country’s GDP and more than 22% of the overall fixed asset investment. The residential building subsector is the largest within the ...
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