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.
The extraction of oil and gas is one of Argentina’s main economic sectors, accounting for 2.3% of GDP and 2.1% of exports in 2018, as well as 0.9% of total employment at the end of that year. Since 2011 the country has continually moved further ...
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Although the global pharma & healthcare sector is dominated by large multinational companies, mainly from the developed countries, Latin America has been quickly catching up in building a domestic pharmaceutical production base and expanding the ...
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Argentina has the third-largest ICT sector in Latin America in terms of number of subscribers, exceeded only by Brazil and Mexico. In regional terms, the country also has relatively high penetration rates in the main ICT services – such as ...
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With a share of 19.9% of global proven oil reserves and 4.4% of those of natural gas as of the end of 2017, the Latin America and the Caribbean region is among the prominent players in the hydrocarbon industry. The region is also likely to hold ...
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Argentina is the third largest power market in Latin America in terms of total generation (136.5 TWh) and consumption per capita (2,931 kWh) as of 2017. During the 2010-2017 period, the electric power sector’s GVA in Argentina grew at a CAGR of ...
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The year 2017 was stellar for the banking sector of Argentina. In the midst of economic recovery, bank loans and deposits surged by 48.8% and 26.9% y/y, respectively. Alongside revived household consumption, lending activity was boosted by an 11% ...
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Latin America is well integrated in the global automotive supply chain, being an important manufacturing and export hub for motor vehicles – the legacy of active government policies for the development of domestic production and comprehensive ...
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Argentina is one of the world's largest producers and exporters of food and beverages, ranking among the ten biggest producers of vegetable oils, soybean by-products, pasta and wine on a global scale. The food and beverage sector has a key ...
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Argentina is among the top 20 pharmaceutical markets globally, ranking third in Latin America, with estimated drug retail sales of USD 6.1bn in 2017. The country also features a large and ageing population, a relatively developed public health system ...
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The extraction of oil and gas is one of Argentina’s main economic sectors, accounting for 2.7% of GDP and 1% of exports in 2017, as well as 1% of total employment at the end of that year. Oil and natural gas are the main sources of energy in ...
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