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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.
Mexico’s construction sector had a lacklustre performance over the period 2012-2017, with its GVA rising at a CAGR of 0.9%. Among the main impediments to the sector’s growth was a change of government policy on housing development in 2013 ...
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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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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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Mexico is the second-largest pharmaceutical market in Latin America, behind only Brazil, with a large and growing population, multiple but underfunded state-run health insurance schemes, and a small but rapidly developing private health insurance ...
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Between 2006 and 2016, Mexico, a traditional oil-exporting country, saw its oil output contract at a CAGR of 4%, underperforming the top ten largest crude producers in the world. In 2017, Mexico’s production dropped a further 9.5%, leaving the ...
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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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Agriculture is one of the key economic sectors of Mexico, accounting for 3.4% of the country’s GDP, 13.4% of formal employment and 4.6% of national exports in 2017. Moreover, the sector was one of the main driving forces of the economy in 2017, ...
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In 2017, Mexico was the world’s seventh-largest vehicle manufacturer, with an output of 3.93mn units. Between 2011 and 2017, the domestic vehicle production surged by a cumulative 46%, propelled by two factors: the increasing exports ...
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Mexico’s construction sector accounted for 8% of the country’s GVA, 5.6% of FDI inflows and 8.1% of the labour force in 2016. Construction activities followed a downward trend during the first nine months of 2017, as a result of lower ...
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Mexico is a regional leader in electric power generation. Since 2013, when the energy reform was introduced, Mexico is undergoing a major energy transformation. It featured the introduction of a wholesale electricity market, and enabling private ...
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