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.
Ecuador is a major player in the oil and gas sector in Latin America. A member of the Organisation of Petroleum Exporting Countries (OPEC), Ecuador had the fourth-largest proven oil reserves in the region and was its sixth-biggest crude oil producer ...
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Venezuela is a leading player in the global oil and gas industry. A founding member of the Organisation of Petroleum Exporting Countries (OPEC) and of the Gas Exporting Countries Forum (GECF), Venezuela holds the world’s largest proven oil ...
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India is the world’s sixth-largest motor vehicle producer, claiming a share of some 5% in global vehicle manufacturing in FY2016. The country is also the world’s seventh-largest commercial vehicle producer. The industry’s output, ...
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China is the world’s largest producer of paper and paperboard, with a production volume of 123.2mn tonnes in 2016. The sector accounts for 0.5% of China’s total fixed asset investment and 1.4% of its industrial employment. The paper ...
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The food and beverage industry is among the largest economic sectors in Mexico, accounting for 4.6% of the country's GDP, 2.8% of national exports, 8% of total FDI and 1.5% of formal employment in the country in 2015. Over the period 2010-2016, the ...
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In 2016, Mexico was the largest producer of direct reduced iron and long steel in Latin America with shares of 78.1% and 34.5% in regional output, respectively. The country was also the second biggest manufacturer of flat steel in Latin America. ...
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Agriculture is one of the main pillars of the Colombian economy, accounting for 6.2% of the country’s GDP, 14.4% of national exports, 1.1% of total FDI inflow and 16.8% of the overall employment in 2015. Between 2010 and 2015, the gross value ...
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Agriculture generates slightly over 2% of Poland’s GDP and provides employment for a sixth of the workforce. The gross value added (GVA) of the Polish agricultural sector totalled PLN 41.59bn in 2016, edging up 0.2% from 2015. The sector ...
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The Indian mining sector’s GVA accounted for some 3.8% of GDP in FY2016, as against 4.5% in the previous year. A number of mining commodities, such as crude oil, coal and iron ore, are not only domestically produced but also imported, which ...
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Turkey is agriculturally self-sufficient with a climate suitable for farming and an export-oriented economy which represents a stable base for the development of the food processing and beverage industry. Food and beverage spending is the ...
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