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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.
According to the Monthly Survey of Trade (PMC) by Brazil's Statistics Office (IBGE), in the second quarter of 2024, the Brazilian retail sector experienced a mixed performance, with some positive trends being offset by challenges in certain areas. ...
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The food and beverage manufacturing sector is among the leading economic drivers in Mexico. As of September 2024, it accounted for 25.5% of total manufacturing output value and 5.2% of domestic GDP. By June 2024, total foreign direct investment (FDI) ...
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Colombia's economy is on a gradual recovery path, with real GDP growth expected to reach 2% in 2024 and 2.8% in 2025, according to BBVA Research estimations. Inflation is forecast to decline, reaching 5.2% in December 2024 and 3.8% by December 2025, ...
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In H1 2024, the food and beverages sector's GVA contracted by 3.8% y/y. This was due to the reduced performance of certain segments, such as oils and fats (-11.3% y/y), dairy products (-6.3% y/y), bakery products (-8.4% y/y), sugar and panela (-7.9% ...
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Brazil is the largest pharmaceutical market in Latin America, with retail drug sales of USD 27.1bn for the 12 months ending in June 2022. Brazil's pharmaceutical and healthcare sectors are transitioning into the post-pandemic period with some ...
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Fintech companies have become catalysts for transformation, bringing solutions that aim to make financial services accessible, especially to underbanked and unbanked populations such as that of Brazil. The expansion of digital financial services has ...
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By Q3 2024, the telecommunication sector of Brazil reached BRL 46bn in revenues, with 347.4mn of clients across the four main segments: mobile telephony, fixed broadband, fixed telephony, and pay TV. The increasing demand for internet-based services ...
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Brazil's transportation sector is a fundamental pillar of the economy, supporting the country's position as a global leader in agricultural and mineral exports. In 2023, the transportation and logistics sector contributed 3.1% to Brazil's GDP, while ...
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