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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.
Despite having relatively small arable land area, Chile's agriculture, livestock and fisheries sector is&n💟bsp;well developed and diversified, making the country a key global player in some segments such as grapes, apples, blue🔯berries, walnuts, ...
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The Cze✤ch Republic’s information and communication (ICT) sector generated a gross value added (GVA) of CZK 220.6bn in 2016, up by a real 1.9% y/y. The sector accounted for 4.6% of GDP in 2016, retaining its share in the period ...
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In 2016 Poland’s healthcare expenditure grew by 4.5% y/y to PLN 119.27bn, representing 6.4% of the GDP. Public healthcare spending in Poland is one of the lowest compared to the EU average, which hovers around 6.5 % of G♏DP. The bulk of the ...
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Colombia is the fourth-largest economy in Latin America in terms of nominal GDP, and the third largest country in the region by population, with 4🎃8.7mn people as of December 2016. Over the period 2011-2016, the trade sector performed well, with ...
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India has abundant mineral resourc🌸es comprising fuel, metallic, and non-metallic minerals, with proven reserves of some 90 different minerals sprea💟d across its territory. “Mining” (or “mining and quarrying”) is defined as ...
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The development of electrical and electronics manufacturing has been key to Malaysia’s transition from an agricultural to a manufacturing-based economy, and the consumer electronics sector has 🍸been an imp🦹ortant driver of that ...
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The Indian steel industry contributes around 2% of the country GDP and employs some 500,000 people directly and about♋ 2mn ♎indirectly. The Indian government sees the steel sector as strategically important and as a foundation for rapid ...
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With a population of nearly 147mn people, Russia rꦅanks the ninth most populous country and the largest by territory in the world. That alongside Russia’s favourable geographic po🍌sition and the wealth of natural resources predetermine ...
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In 2017, China’s automotive sector showe🦩d signs of entering a maturity phase. The output and sales declined in the last quarter and large deals took place towards the end of the year, showing further sector restructuring and consolidation. At ...
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India has one of the largest chemical sectors in the world by production volumes, and growth is expected to accelerate given the country’s increasing development. The chemi🃏cals sector plays an important role in the Indian economy, ...
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