Peru

Peru is the 6th largest economy in Latin America and 4th largest in terms of territory. Its relatively young population of 34 million – with a median age of only 33 years – generates a GDP PPP of approx. U$ 500 billion.

Since the mid-1990’s, its economy has had a solid growth and an accelerated flow of Foreign Direct Investment. The country has enjoyed wide recognition of a proactive environment towards investors, given the economic liberalization process that has resulted in strong investments in the mining, energy, infrastructure, and value-added agribusiness sectors. This rapid modernization has translated into growing capital flows and purchasing power, reflected in commerce, consumer products, banking, and construction activities.

The international financial community has acknowledged Peru's impressive performance, resulting in Investment Grade ratings since 2008.

The following graphs show the behavior of Foreign Direct Investment, International Trade, and Economic Growth in Peru in recent years:

Since the beginning of 2020, the Covid-19 pandemic has resurfaced the already existing wide socioeconomic gap, which encouraged the population to vote, in the 2021 elections, for a President who promises to solve these challenges.

Similar to Mexico and other Latin American countries, international investors should be aware of the many challenges the country still faces - many of which translate into unique business opportunities.