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.
Indonesia’s real estate and construction sector is a major driver of growth for the country’s economy. The sector generated 13% of the country’s GDP in 2017, ranking fifth after manufacturing, oil and gas, trade and agriculture. The ...
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The total premiums in Poland’s insurance sector in 2017 stood at PLN 62.4bn or 3.1% of GDP. This share inched up by 0.1 pp in 2017 after two years of stagnation. The sector is important for the economy, both as a provider of jobs (it employs ...
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Agriculture plays an important role in the economic and rural development of Indonesia. It generates over 13% of Indonesia’s GDP and is the country’s biggest employer, providing work to a third of the labour force. The sector satisfies ...
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The textile sector is one of the key pillars of the Chinese industry. The country has very strong traditions in all segments and, despite the emergence of new global suppliers, it remains a major power in the field of textiles. The domestic market, ...
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China is the world’s second largest pharmaceutical market after the US and the largest producer and exporter of active pharmaceutical ingredients (APIs) globally. Since it is the world’s most populous country, with a large share of ageing ...
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China is the world’s largest producer of paper and paperboard, with a production volume of 125.4mn tonnes in 2017. The sector accounts for 0.5% of China’s total fixed asset investment and 1.4% of its industrial employment. In the past ...
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Thailand's ICT sector is one of the most competitive and well developed within the ASEAN region; for example, broadband and mobile penetration is higher in Thailand than in any other ASEAN country besides Malaysia and Singapore. Thailand also has a ...
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The wood, paper and furniture industry is one of the key sectors of the Polish economy, its combined gross value added stood at PLN37.57bn in2016, which represented 2% of the GDP. The gross output of the three subsectors stood for around 6.5% of the ...
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In 2017, Colombia’s banking sector continued to demonstrate resilience to tepid GDP growth, posting annual growth rates of 9% and 6% for total loans and total assets (measured in COP) respectively. In particular, mortgage loans experienced ...
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Argentina is among the top 20 pharmaceutical markets globally, ranking third in Latin America, with estimated drug retail sales of USD 6.1bn in 2017. The country also features a large and ageing population, a relatively developed public health system ...
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