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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.
Hungarian agriculture accounted for 2.1% of the EU’s agricultural output in 2016, up by 0.2 pp y/y. The agricultural sector accounted for 3.8% of the country’s total GDP and for 4.4% of the total gross value added (GVA). GVA ...
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Despite ranking among the ten largest global economies and being responsible for more than half of South America’s GDP in 2016, according to October 2017 estimates by the IMF, Brazil has the most inadequate infrastructure of the ...
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Brazil is among the global leaders in renewable energy and a pioneer in developing biofuels as an economically viable alternative to fossil fuels. Notably, in 2016, 26.8% of the fuels consumed in the country were renewable. The main ...
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The agriculture sector plays an important role in Russia’s economy, generating nearly 4% of the country’s GDP, employing 9% of the total workforce and accounting for 6% of the total exports. Over the past 15 years, Russia ...
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The manufacturing industry in the Philippines is the top contributor to the country’s economic growth, while the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector ...
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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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