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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.
Often labelled as the breadbasket of the world, Latin America is a leading player in the global agribusiness industry. From cereals to poultry meat, from fishing to fruit, Latin America hosts important producers in the entire agriculture value chain. ...
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Brazil's infrastructure sector has a diverse landscape. While some transport infrastructure sub-sectors, such as road infrastructure, are still dominated by the federal and state governments, others such as the railways have a large participation ...
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The agribusiness industry is a key sector in Colombia, accounting for 8.7% of GDP and 13.6% of total employment in 2023, as well as 14.5% of the country's total exports in January-September 2023. Colombia is among the world's leading producers and ...
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According to DANE (Colombia's statistical office), the information and communications sector in Colombia experienced a 1.4% y/y increase in its GVA during 2023 in real terms, losing momentum from the previous two years when double-digit growth rates ...
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Colombia's GDP grew by 0.6% y/y in 2023, primarily due to a decrease in household consumption growth, which decreased from 10.7% y/y in 2022 to 1.1% y/y in 2023. The retail sector was one of the worst affected, decreasing by 2.8% y/y. In December ...
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In 2023, Colombia's construction sector experienced mixed fortunes. While GVA saw a nominal growth of 7.29% y/y, real growth was negative, standing at -4.15% y/y. This contraction reflects the impact of inflationary pressures and challenges in ...
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Latin America is home to some of the world's leading producers of base metals, mainly thanks to its vast reserves of metallic minerals, including iron ore, copper, zinc, lithium and others. According to data from the United States Geological Survey ...
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The motor vehicle industry in Latin America continues to recover from the negative effects of the pandemic, but the recovery in 2021 and 2022 (both in output and domestic sales) was insufficient to reach the pre-pandemic volumes reported in 2019 ...
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The transport sector plays a significant role in the Mexican economy, accounting for about 7.1% of the country's GDP in 2022, with the industry providing vital support for domestic economic activity. From 2017 to 2022, the transport sector's GVA ...
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