Peru Industry

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Traditional exports, principally metals, have helped make Peru one of the fastest growing Latin American economies over the last decade. However, falling commodities prices have taken their toll on export revenues and GDP growth. The focus of the Ministry of Production (PRODUCE) in recent years has, therefore, been on diversifying the Peruvian...

Chapter | Industry & Retail from The Report: Peru 2016

With falling commodity prices taking their toll on Peru’s export revenues and GDP growth, the focus of the Ministry of Production (PRODUCE) has turned to the diversification of the economy and provision of greater added value to production. PRODUCE has set the target of returning Peru to 7% growth rates through private partnerships that will develop the country´s secondary and tertiary...

After a difficult 2015, marked by lower commodity prices and reduced export revenues, Peru is on track to begin economic recovery in 2016, with increased mineral output set to drive much of its rebound. The IMF forecasts growth to rise to 3.3% in 2016, up from an estimated 2.5% in 2015.

Gracias a proyectos en cartera por unos USD 75 mil millones, la minería seguirá liderando el crecimiento económico del Perú en 2016 y hacia adelante, pese al difícil panorama externo y obstáculos locales. 

A medida que la industria minera comienza a recuperarse, crecen las esperanzas de que la economía peruana recupere la forma de 2015 en adelante, tras desacelerarse el año pasado.

While the country’s economy has long been dominated by the mining sector, less attention has been paid to other sectors. However, as commodity prices have fallen, dragging mining output down with them, Peru will have to lean more heavily on manufacturing to drive future growth. This new reality presents both challenges and opportunities. Peruvian manufacturing benefits...

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