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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.
Colombia’s food and beverage sector is a major contributor to the country’s economy. The domestic GDP growth is highly dependent on household consumption. According to data from the Central Bank of Colombia, in 2017, 62.9% of ...
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The food and beverage industry is Brazil’s largest manufacturing sector, accounting for about a quarter of its value added and for 3% of the country’s GDP in 2017, according to ABIA, the Brazilian Association of Food Industries. ...
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The tourism sector of Colombia has significant growth potential due to the natural and cultural resources of the country. The recent demobilisation of the insurgent group FARC also favours the development of the sector with the improved security ...
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During the first two months of the fourth quarter of 2017 the revenue of China’s rubber products sector contracted by 25.7% y/y to RMB 133.5bn. The declining price of raw rubber impacted the prices of rubber products as a whole. In ...
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Brazil is among the global leaders in renewable energy generation, having the world’s largest biomass power capacity, and ranking third and ninth, respectively, in terms of hydropower and wind power capacity at end-2017. During that year, ...
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China is the largest alcoholic beverage producer and consumer in the world, consuming one-third of the world’s spirits and a quarter of the world’s beer. Its beer production ranked first in the world for 14 consecutive years and the ...
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In Q4 2017, the revenue of China’s food sector declined by 21.9% y/y to RMB 550.7bn mostly due to lower food prices. Food prices went down by 1.4% y/y in 2017, mainly because of sufficient supplies of pork and fresh vegetables. In 2017 pork ...
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Romania has significant oil and natural gas reserves and new ones are still being developed. The country is the third largest crude oil and natural gas producer within the EU and could play a vital role as a southeast Europe gas supplier, helping to ...
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The extraction of oil and gas is one of Argentina’s main economic sectors, accounting for 2.7% of GDP and 1% of exports in 2017, as well as 1% of total employment at the end of that year. Oil and natural gas are the main sources of energy in ...
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Turkey’s health insurance coverage reaches 98.4% of the population, according to the OECD Health Statistics 2017. The state, through the Ministry of Health (MoH), is the main provider of health services in the country, which still has very low ...
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