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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 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 122.8mn people, as of December 2016. Over the period 2011-2016, the trade sector performed well, ...
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Mexico is a traditional oil-producing and oil-exporting country. For the last 78 years, the sector has been dominated by state-run energy company Petróleos Mexicanos (PEMEX), which took over all upstream and downstream oil and natural gas ...
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The agriculture, livestock and fishing sectors play a key role in the Mexican economy with their value added accounting for 3.6% of the GDP at the end of 2016. The primary industry is among the largest employers in the country, sustaining 13.2% of ...
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Latin America and the Caribbean – one of the most endowed regions in natural resources on a global scale, has prominent positions in the oil and gas industry. In 2015, the region held about 20% and 4.2% of world’s proven reserves of oil ...
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The food and beverage industry is among the largest economic sectors in Mexico, accounting for 4.6% of the country's GDP, 2.8% of national exports, 8% of total FDI and 1.5% of formal employment in the country in 2015. Over the period 2010-2016, the ...
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In 2016, Mexico was the largest producer of direct reduced iron and long steel in Latin America with shares of 78.1% and 34.5% in regional output, respectively. The country was also the second biggest manufacturer of flat steel in Latin America. ...
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The transportation sector plays a significant role in the Mexican economy. Besides accounting for about 6% of the country’s GDP and for 5% of the formal employment over the 2011-2015 period, the industry is an important support platform for ...
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Mexico is a key global player in the production of metallic and non-metallic minerals. In 2015, the country was the world’s largest silver producer, with about 20% of global output, the fifth-biggest lead and molybdenum producer, and the ...
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Mexico is home to the second-largest ICT sector in Latin America (after Brazil) in terms of subscriber numbers. Nevertheless, the country presents relatively low penetration rates in the main ICT products and services – such as mobile telephony ...
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Mexico’s automotive sector has experienced a steady expansion in the last 20 years. Whereas in 1993 the automotive value chain, including the production of motor vehicles and auto parts, accounted for 1.5% of the country’s GDP and for 8 ...
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