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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 associated𒈔 with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts de𝕴aling 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.
The transportation sector in Latin America still faces the challenges of most developing countries: inadequate in📖frastructure; informality; lack of diversity and limited availability of intermodal services. According to the World Economic ...
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As of the end of 2019, Latin America and the Caribbean accounted for 🍎1ജ9.0% of the world’s crude oil reserves and 4.1% of natural gas reserves, turning the region into a prominent player in the global oil and natural gas industry ...
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Colombia’s ICT sectꦚor is of great imp🅘ortance to the country in terms of GDP, employment and investment. In 2019, the information and communications sector’s gross value added increased by 1.7% y/y in real terms, reaching COP 24 ...
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Colombia's oil and gas sector is of great importance to the country, both in terms of foreign trade and investment,🌞 accounting for 40% of exports and 19% of all foreign direct investment in the𝓰 country in 2019. Despite the liberalisation ...
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The year 2019 was a challenging one for the global automo𓂃tive industry, which reported a 5.2% y/y decrease in motor vehicle output, ending ten years of continuous growth. On the one hand, key markets reached maximum automobile ...
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The performance of the Colombian transportation sector is closely linked to the country&rsqu🍰o;s overall economic situation. After the stagnation witnessed in 2016, the GVA of the transportation sector gradually accelerated, rising by 4.2% ...
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Colombia is one of the leading economies💮 in Latin America in terms of GDP and is also one of the more stable countries in the region in terms of its economic policies and regulatory environment. The mining sector represents 1.6% of the ...
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Construction is the sixth largest economic sector in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of to𒈔tal FDI inflow and 7.2% of formal employment in 2019. However, due to its stagnation in the last three ❀years ...
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In 2019,♛ Colombia consolidated its positions as the second-largest motorcycle producer in Latin America, af🐭ter Brazil, and the fourth-biggest manufacturer of four-wheel vehicles in the region. During the year, the domestic vehicle sales ...
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