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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, pe♏nsion funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The transportation sector in Latin America still faces the challenges of most developing cou🐟ntries: inadequate infrastructure; informality; lack of diversity and limited availability of intermodal services. According to the World Economic ...
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As of the end of 2019, Latin America and the Caribbean accounted for 19.0% of the world’s cr𝓰ude oil reserves and♏ 4.1% of natural gas reserves, turning the region into a prominent player in the global oil and natural gas industry ...
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Colombia’s ICT sector is of great importance to the country in terms of GDP, employment and investment. In 2019,&nꦑbsp;the information and communications sector’s gross value added increased by 1.7% y/y in real terms, reaching COP 24 ...
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Colombia's oil and gas sector is of great importance to the country,⭕ b♛oth in terms of foreign trade and investment, accounting for 40% of exports and 19% of all foreign direct investment in the country in 2019. Despite the liberalisation ...
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The year 2019 was a ch♍allenging one for the global automotive industry, which reported a 5.2% y/y de🌞crease in motor vehicle output, ending ten years of continuous growth. On the one hand, key markets reached maximum automobile ...
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The performance of the Colombian transportation sector is closely linked to the country’s overall economic ♔situation. After the stagnation witnessed in 2016, the GVA of the transportation sector gradually accelerated, risinꦅg by 4.2% ...
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Colombia is one of the leading economies in Latin America in terms of GDP and is also oꦰne of the more stable countries in the region in terms of its economic policies and regulatory environment. The mining secto෴r represents 1.6% of the ...
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Construction is the sixth largest economic sector in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of total FDI inflow and 7.2% of formal employment in 2019. 🃏However, due to its stagnation in the last three years ...
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In 2019, Colombia consolidated its positions as the second-largest motorcycle producer in Latin America, after Brazil, and the fourth-biggest manufacturer of four-wheel vehicles in the region. Duౠring the year, the domestic vehicle sales ...
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