Scotiabank Investor Presentation
Peruvian Economy
Resilient economic fundamentals
Peru's important resource sectors are
increasingly balanced by stronger service-sector
activity and solid economic fundamentals
Peru has 18 free-trade agreements with 52
countries that account for 66% of global GDP
Government spending, transfer programs, and
pension withdrawals helped to bolster a
rebound into 2022
12.9%
Manufacturing
10.4%
Wholesale & Retail
Trade
Other
49.6%
PERUVIAN GDP
BY INDUSTRY
(Q2-2022)
GDP 2022F: 2.8%
GDP 2023F:
2.4%
GDP 2024F: 2.2%
Sources: Scotiabank Economics, Bloomberg, as of Nov 4, 2022.
50
y/y % change
40
30
20
10
-10
-20
འཱུ ླ ྨ ༅༠པྟཱཿ ༞ ༞
-30
-40
Contributions to Peruvian GDP Growth
Net Exports
Inventories
Government
Investment
Consumption
Real GDP
19
20
18
Sources: Scotiabank Economics, Haver Analytics.
21
21
22
22
10.7%
Mining, Oil, & Gas
6.3%
Construction
1.8%
Electricity & Water
8.2%
Top Trading Partners*
China
28%
Others
38%
Japan 4%
Brazil4%
* Trade data updated as of Q2-2022.
Natural
Resources
United States
16%
EU
10%
66
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