Peru has continued to see solid economic fundamentals, even as oil and commodities prices have dipped. The country is focusing on new avenues for expansion, such as mining, tourism and non-traditional exports.
- Mining: Key Growth Driver – Mining has been the backbone of the economy for 10 years, accounting for 14% of GDP and half of exports.
- Agriculture: Picking Up The Slack – Growth in non-traditional exports has helped compensate for lower revenues from more traditional commodities, with agriculture leading the way.
- Tourism: Rising Star – Government efforts to boost tourism’s role as a source of income and employment have seen the sector grow steadily for much of the past decade.