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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.
At the end of 2018, Latin America and the Caribbean accounted for 19.2% of the world’s crude oil reserves and for 4.3% of natural gas, making the region among the prominent players in the global oil and natural gas industry. However, a lack of ...
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In 2018, Latin America consolidated its position as one of the largest and fastest-growing manufacturing and export hubs for motor vehicles. Amidst the sharp downturn of both production and sales of motor vehicles in Europe, Asia and Oceania, Latin ...
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Food and beverage manufacturing is among the leading economic sectors in Mexico. In 2019, it accounted for 21% of total manufacturing output value and 4.5% of domestic GDP. The sector attracted USD 2.5bn in foreign ...
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Mexico is one of the world’s largest producers and traders of crude oil and has been dramatically impacted by the slump in international prices, and by the underinvestment of the leading player of the sector, state-run PEMEX. Since ...
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The year 2019 was a challenging one for the global automotive industry, which reported a 5.2% y/y decrease in motor vehicle output, ending ten years of continuous growth. On the one hand, key markets reached maximum automobile ...
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Mexico, a traditional oil exporting country, saw its crude oil output continually decline at a CAGR of 4.3% between 2004 and 2018 due to the natural decay of the country’s mature fields, coupled with insufficient investment in exploration and ...
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Agriculture is one of the key economic sectors of Mexico, accounting for 3.3% of the country’s GDP, 12.7% of formal employment and 4.3% of national exports in 2018. During the year, it was also one of the driving forces of the Mexican economy, ...
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In 2018, Mexico was the world’s sixth largest vehicle manufacturer, with an output of 4.1mn units, climbing one place compared to 2017. Between 2012 and 2018, domestic vehicle production surged by a cumulative 35.1%, propelled by two factors ...
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Mexico is the second largest economy in Latin America in terms of nominal GDP, and thereby a key consumer market in the region, with a population of over 123.4mn people as of December 2017. Over the period 2012-2017, the retail trade sector performed ...
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Mexico remains a regional leader in electricity generation. The positive results of the energy reform continue, on its way to Mexico’s energy independence and integration of clean energy sources. The wholesale market keeps attracting investment ...
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