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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 combined value added of Brazil’s transportation, warehousing and postal services fell by 6.8% y/y at the end of 2016, indicating weaker performance of the industry than that of the overall economy, with the GDP contracting by 3.5% ...
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In 2016, the Polish information technology (IT) sector was responsible for somewhere between 1.4% and 3.2% of the country's GDP – depending on data source and the definition of the IT market – while the entire information and ...
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The insurance sector remained on a growth path in Q4 2017 with insurance premiums increasing by 5.7% y/y. However, the growth in the sector decelerated substantially in H2 2017 due to the tightening regulations and the saturation of the ...
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The Philippines is an agrarian country, with half of its population engaged in farming. In 2017, the agriculture and forestry sector alone contributed 8.4% to national GDP – a share which rises to 9.6% if fisheries are included – ...
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Argentina hosts the third-largest ICT sector in Latin America in terms of subscribers, after only Brazil and Mexico. In regional terms, the country also has relatively high penetration rates in the main ICT products and services – such as ...
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The Malaysian government has been extremely influential in the development of Malaysia’s ICT sector. In the 1990s, Malaysia launched the MSC Malaysia initiative in which it was envisioned that the ICT sector would play a pivotal role in ...
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In the third quarter of 2017, the revenue of China’s food manufacturing sector was RMB 559.9bn, down by 7.2% y/y. The downward trend in overall food prices continued, however, the decline was slower compared to that in the first and second ...
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ICT is part of the more broadly defined Transportation, Communication and Information (“TCI”) sector. Colombia’s TCI sector claimed a share of 7.0% of the national GVA, or around COP 55.5tn, in 2016, remaining stagnant compared to ...
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The growth of China’s beverage sector remained stable in Q3 2017, supported by increased sales of high-end baijiu. The total sales revenue of the 17 listed baijiu producing companies in Q3 2017 jumped by 55.6% y/y to RMB 40.2bn. All three ...
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In the third quarter of 2017, China’s retail sector continued to grow with sales rising by 10.3% y/y to RMB 9,081bn amid ongoing supply-side reform. The average disposable income per capita reached RMB 6,163, up by 8.8% y/y, while the average ...
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