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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.
As the world’s most populous country with a fast-expanding economy, China is a major energy consumer. The country was the second-largest consumer of crude oil and the third biggest consumer of natural gas in 2016. China is also a ...
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Indonesia is the largest automotive market in the ASEAN region and the second largest motor vehicle manufacturer, after Thailand. In 2017, Indonesia’s automotive sector contributed about 2% to the country’s GDP and accounted for ...
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The automotive sector in Hungary plays an important role in the country’s economy and exports. In 2016, the transport equipment GVA represented a 4.5% share in the country’s GDP. In 2016, the transport equipment sector accounted ...
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Over the 2014-2016 period, the automotive industry of Argentina experienced a sharp drop in production and sales, after a robust expansion between 2003 and 2013. Several factors contributed to this downward trend: the contraction of the ...
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Despite having relatively small arable land area, Chile's agriculture, livestock and fisheries sector is well developed and diversified, making the country a key global player in some segments such as grapes, apples, blueberries, walnuts, ...
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The Czech Republic’s information and communication (ICT) sector generated a gross value added (GVA) of CZK 220.6bn in 2016, up by a real 1.9% y/y. The sector accounted for 4.6% of GDP in 2016, retaining its share in the period ...
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In 2016 Poland’s healthcare expenditure grew by 4.5% y/y to PLN 119.27bn, representing 6.4% of the GDP. Public healthcare spending in Poland is one of the lowest compared to the EU average, which hovers around 6.5 % of GDP. The bulk of the ...
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Colombia is the fourth-largest economy in Latin America in terms of nominal GDP, and the third largest country in the region by population, with 48.7mn people as of December 2016. Over the period 2011-2016, the trade sector performed well, with ...
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India has abundant mineral resources comprising fuel, metallic, and non-metallic minerals, with proven reserves of some 90 different minerals spread across its territory. “Mining” (or “mining and quarrying”) is defined as ...
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The development of electrical and electronics manufacturing has been key to Malaysia’s transition from an agricultural to a manufacturing-based economy, and the consumer electronics sector has been an important driver of that ...
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