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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. 👍
Tourism is an🉐 important source of revenues for Thailand’s economy, accounting for 19.7% of GDP and about 16% of total employment in 2019, according to the World Travel and Tourism Council (WTTC). The number of foreign tourists ...
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With its huge industry, China is the world’s largest consumer of all kinds of base metals, as well as the largest producer of metal products. The country is also the biggest producer of♑ iro🦋n, aluminium, lead and zinc in the world. ...
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In 2018, China’s car parts ▨market saw sales revenue rise by 4.2% y/y to reach RMB 3tn, acco🌳rding to figures supplied by the China Association of Automobile Manufacturers collated from 13,019 car parts manufacturers. This is despite a ...
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The information and communication sector’s contribution to Indonesia’s economy has gradually increased over the past few years but still makes up a tiny share of the country’s GDP oꦦf just 4% in 2019. Telecoms ...
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India reported installed capacity from renewable energy sources as 77,641.63 MW in FY2019. The re🐲newable energy installed capacity was 21.8% of total utility capacity. There 🧸is high demand for electricity in India and, with the growth ...
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The consumer electronics and household appliance manufacturing subsectors play a key role in Poland’s economy. They rough🦹ly correspond to the categories of “computer, electronic and optical products” and ..♐.
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Malaysian households increased their spending at a CAGR of 9.2% from 2015 to 2019, suggesting broadly growing domestic demand despite many Malaysian consumers grappling with stagnant wages. Malaysꦑia depends on import🤡ed food to feed its ...
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The Philippine insurance sector is composed of life, general or non-life, and reinsurance subsectors – ༒with the life insurance subsector representing a significant portion of the insurance market. Growth in the sector has ꦰ...
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Brazil's transportation, warehousing and postal services reported a CAGR of 3.3% in value added over the 2014-2019 period. Sector growth stood below overall economic activity, which posted 𒐪a CAGR of 4.7% in current prices over the same period. ...
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The Asian region is home to💟 some of the world’s bigges🍎t automotive brands, which has eventually resulted in the birth of local brands in some of the countries. The Asian countries featured in this report – China, India, Thailand ...
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