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 value added of Argentina’s transport sector increased at a meagre CAGR of 0.6% over 2010-2015. Both passenger and cargo transport registered a poor performance in the period, with the passenger segment declining by an average of 1% per year ...
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The food and beverage industry is the largest sector of Brazilian manufacturing, accounting for more than a quarter of its value added and about 3% of the country’s GDP in 2016, according to the Brazilian Association of Food Industries (ABIA). ...
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The gross value added (GVA) of South Korea’s construction sector accounted for 1.4% of the world construction GVA in 2015, and for 3.2% of that of the Asia-Pacific region’s construction industry. In 2015, the sector generated 5.1% of ...
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The Malaysian healthcare and pharmaceuticals sector has been growing strongly as a result of factors including one of the highest population growth rates in the ASEAN region, increasing affluence, and growing access to healthcare funding. In ...
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Romania’s oil and gas sector is one of the oldest in the world and ever since it took the first steps toward liberalisation, the industry has progressed substantially in terms of competition and infrastructure network. However, it failed to ...
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The growth of India's retail sector was driven by positive demographic trends, an ongoing urbanisation and a growing middle class. In FY2016 trade accounted for 9.5% of the country’s GDP and attracted 9.7% of total FDI, while providing work for ...
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Construction is one of the main economic sectors of Argentina, accounting for 4.7% of the country’s GDP, 1.4% of total FDI inflows and 5.9% of formal employment in 2015. However, even this considerably underestimates the social importance of ...
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China is the world’s second-largest retail market and a global leader in e-commerce. Despite the slowdown of China’s economy, the sector offers bright prospects, particularly due to the rising spending power of Chinese consumers. In the ...
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Thailand is the second-largest pharmaceutical market in South East Asia, with sales of THB 152.9bn in 2015. The pharmaceutical industry specialises in generic drug production and this is the largest segment on the market. Spending on health is ...
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China is the world’s largest manufacturer of rubber products, including tyres, in which it has held the world’s top position since 2006, followed by the United States and Japan. The development of China’s automotive, construction, ...
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