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The Financial Sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers. This sector comprises a broad range of industries including banks, investment companies, insurance companies, and real estate firms.

• The financial sector is a section of the economy made up of firms and institutions that provide financial services to commercial and retail customers.
• A strong financial sector is a sign of a healthy economy.
• The financial sector generates a good portion of its revenue from loans and mortgages and thrives in a low-interest-rate environment.
• The sector is comprised of many different industries including banks, investment companies, insurance companies, and real estate firms.

Figure 1: The Composition of the Financial Services

Source: https://www.investopedia.com/terms/f/financial_sector.asp