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.
Mining is one of Russia’s key industries: in 2016 the “mining and quarrying” sector – a category which in Russian statistics includes oil and gas extraction, as well as mining more narrowly defined – generated 8.5% of ...
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The food sector is strategic for China’s economy as it provides sustenance to almost 20% of the world’s population and serves as an impetus for many other sectors like agriculture, transportation, machinery and vehicle manufacturing, and ...
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Thailand's agricultural sector accounted for 8.3% of national GDP and for 31% of total employment in 2016. Agriculture, forestry and hunting claimed 91% of sector output, while fishing contributed 9% in the same year. Thailand is among the world's ...
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Argentina is the second-largest economy in South America after Brazil in terms of nominal GDP. It is an important consumer market with a population of over 43.6mn people, as of December 2016. During the period 2011–2016, the trade sector ...
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China’s communication equipment industry can be broadly divided into communication terminal equipment, including mobile and fixed-line handsets, and communication station equipment. The industry is on a rapid growth path with sales revenue ...
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The Hungarian financial sector has significant potential for catching up with regional and EU development levels. The total loan-to-GDP ratio of credit institutions amounted to 50.9% in 2015. The financial sector (banking and insurance) generated 2 ...
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Food and beverages accounted for over 22% of the consumption expenditure of Czech households in 2015. The food and beverages sector’s gross value added (GVA) amounted to CZK 83.4bn in 2015, accounting for 2% of the economy’s total GVA and ...
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Indonesia is home to a well-capitalised but fragmented banking sector with obvious market leaders. A total of 116 commercial and more than 1,800 rural banks operated in the country in 2016. Indonesia’s four state banks accounted for some 55% of ...
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China is the world's largest producer and consumer of fertilisers. The country consumes more than a third of the world’s fertilisers, which is equivalent to the combined ...
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The development of China’s automotive, construction, medical, and footwear industries has been the major driver for rubber demand. Tyres are the sector’s leading products with a 68% share of exports in 2016. Competition in the segment is ...
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