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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.
Poland is a major producer and ex🃏porter of agricultural p﷽roduce in the EU. The agriculture sector accounted for 2.1% of the country’s GDP in 2018 and for 2.4% of Poland’s GVA. Poland’s agriculture also had a 5.1% share in the GVA of ...
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The dominance of local banks in Thailand is evident from the fact that they accounted for 9﷽1.5% of total assets and 94.0% of total deposits in 2019. While local Thai banks have been consistently growing their asset base, since 2014 foreign banks have ...
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In Q4 FY2020, the automotive output volume in India reached 5.62mn units. This performance was well below the a🍃verage production volume of the last seven quarters (from Q1 FY2019 to Q3 FY2020), which averaged 7.38mn units. On a quarterly basis, ...
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Tꦍhailand’s food and beverages sector, among the most developed in the world, is the country’s third-largest by value, contributing 23% to national GDP. Thailand’s major food exports include rice, canned tuna, sugar, meat, cassava ...
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In 2019, Mexico consolidated its position as the world’s sixth-largest vehicle manufactu🙈rer, with an output of 3.95mn units. During the year, strong foreign demand – especially from the US – was the major driౠving force for ...
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Colombia is the fourth largest economy in Latin America in terms of nominal GDP, and the third large🌞st in the region by population, with 50.4mn people as of December 2019. During 2014-2019, the wholesale, retail and repair sector performed well, with ...
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The automotive sector is the second largest manufacturing industry in Poland in terms of gross output, after only food and beverage manufacturing. The sector also has a major socio-economic role, employing around 210,000 people in 2019 (8% of th🥃e ...
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India’s constructi🔥on sector is a key enabler of economic growth, in that it helps provide homes to the nation’s population of 1.4bn as well as adding much-needed infrastructure. In FY2019, construction GVA amounted to INR 49.6tn and ...
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The gross output of Poland’s wood, paper and furniture industry stood at 6.7% of the country’s GDP in 2018. In the same year, it also accounted for 12.3% of employment in manufacturܫin🐼g and 2.5% of total employment in the Polish economy. ...
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China is furthe🤪r extending its lead as the largest ICT market globally, leading in terms of number of mobile and internet users, while still retaining a lot ﷺof potential. The sector is of fundamental importance to the development of China’s ...
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