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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.
Argentina’s insurance sector expanded at a CAGR of 6.1% in real terms between the fiscal years 2011 and 2016 as measured by insurance premium income, outperforming the real GDP growth during the same period (CAGR of 0.9%). The strong ...
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Argentina’s metal processing sector was responsible for 0.8% of the country’s GDP and for 4.2% of the value added of the manufacturing industry in 2015, figures that have slightly decreased since 2010 due to the overall decline in the ...
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Oil and gas extraction is one of the main economic sectors of Argentina, accounting for 2% of the country’s GDP, 1.3% of its exports and 1% of total employment. Oil and gas are the main energy sources in the country, with a combined 84% of ...
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After experiencing a shock during the 2001-2002 economic crisis, Argentina’s banking sector has been expanding since 2010, with loans and deposits rising at respective CAGRs of 11.1% and 8.4% in real terms over 2010-2015, outperforming the ...
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The automotive industry has been one of Argentina’s most dynamic since the recovery of the domestic economy from 2003 onwards. Between 2003 and 2011, the production of motor vehicles expanded at a robust CAGR of 21.9%. However, since then the ...
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The real state sector plays a sizable role in the Brazilian economy, accounting for about 7.7% of the country's GDP in 2023, although this figure was quite below the 8.4% share registered in 2018. From 2018 to 2023, the real state sector's real GVA ...
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