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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 automotive sector is one of the key industries in Poland and it generated around 7% of the country's GDP in 2016. A total of 174,000 people are employed in the manufacturing of motor vehicles, trailers and semi-trailers, accounting for more than ...
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The Philippines’ tourism sector made up 8.6% of the country’s GDP in 2016. The sector’s value added grew by 12.3% y/y, contributing some PHP 1.24tn GVA in the same year, according to figures of the Department of Tourism ...
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In 2016, Poland’s agricultural sector including hunting, forestry and fishing accounted for 2.38% of GDP and 16% of total employment. The gross value added (GVA) of the sector reached PLN 44.23bn, up 11.6% y/y. There were 2.391mn ...
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Natural gas is gaining importance in China’s energy mix as the authorities seek to reduce the economy’s carbon intensity and improve air quality in big cities. The government aims for natural gas to meet 10% of its energy needs by 2020, ...
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Colombia’s agriculture, livestock, forestry, hunting and fisheries sector accounted for 6.5% of GDP in 2017 and for 17.3% of total employment in 2017. The government agricultural support programme Colombia Siembra (“Colombia Sows”), ...
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Following a two-year period of growth driven by the general economic expansion and the availability of EU funding, the construction market in Romania experienced a slight shrinkage in 2016, due to a combination of lower construction work volumes in ...
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The Indian metal processing sector is highly developed, reflecting the country’s rich mineral resource base. The industry’s competitiveness is increased by the presence of global players among the Indian metal companies. Metal products ...
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India is a significant player in the global gems and jewellery market. Gold, in particular, has important cultural importance in India and gold jewellery is frequently purchased for weddings or religious festivals. Additionally, gold jewellery is ...
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In 2016 the gross value added (GVA) of the Romanian agriculture, forestry and fishing sector reached RON 29,654.2mn and accounted for 4.34% of Romania’s total GVA and 3.89% of GDP. There were 1.726mn persons employed in the sector, which ...
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The chemical manufacturing sector is among the fastest growing segments of the Chinese industry. Over the past ten years, the gross value added (GVA) of the sector has been increasing by 12.7% per year on average, far above the overall ...
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