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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 r♏elated 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 Czech 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 accounteꦦd for 4.6% of GDP in 2016, retaining its share in 🍃the period ...
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Construction is a key sector in the Czech Republic’s economy. In 🔴2016, it generated a gross value add💯ed (GVA) of CZK 234bn – 5.5% of the economy’s total GVA. Real estate activities generated a GVA of CZK 361bn in 2016 or about 8.4% ...
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The pharmaceutical sector in the Czech Republic generated a gross value added (GVA) of CZK 18.9bn in 20ꦚ16, up by 8.2% y/y in real terms. It accounted for 0.44% of the total 𓂃GVA in the economy in 2016. The sector employed 9,438 workers. Total ...
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The transportation and st🌞orage sector is one of the important service sectors in the Czech Republic. The sector’s 🦩gross value added (GVA) reached CZK 242bn in 2016, accounting for 5.6% of total GVA and 9.3% of GVA from services. The ...
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Food and beverages accounted for over 22% of the consumption expenditure of Czech households in 2015. The food 🎃and beverages sector’s gross value added (GVA) amounted to CZK 83.4bn in 2015, accounting for 2% of the economy’s total GVA and ...
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The automotive sector’s gross output accounted for 10.3% of the total gross output of the Czech economy in 2015, up from 8.5% in 2011. The sꦜector’s share of the total gross value added (GVA) also increased to 5.2% in 2015 from 4.5% 𒁃in ...
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The mining and quarrying sector’s gross output, which includes the extraction of oil and natural gas, accounted for 0.6% of the total gross output of the Czech economy in 2015, significantly down from its share of 1% in♍ 201🍎1. At the same time, ...
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The information and communication sector (ICT) in the Czech Republic accounted for 5.1% o൩f the economy’s gross value added (GVA) in 2015 versus 5.2% in 2008. Employment in the ICT sector accounted for 2.6% of the total employment in the countr🎐y ...
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The Czech pharmaceutical sector is very attractive🍬 for international pharmaceutical manufact🧜urers due to the favourable cost-efficiency ratio. The pharmaceutical sector generated a GVA of CZK 17.9bn in 2015, accounting for 0.4% of the total GVA. ...
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Construction is one of the most important sectors in the Czech Republic’s economy, generating about 5.6% of the economy’s total g🐽ross value added (GVA) 2015. Real estate activities generated about 8.1% of total GVA in 2015. The ...
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