Investor Presentaiton
Peruvian Economy
HIGHLIGHTS 1
PERUVIAN Q2/23 GDP BY INDUSTRY 2
GDP 2022: 2.7%
GDP 2023F: 1.4%
GDP 2024F: 2.3%
12.0%
Manufacturing
.
Growth to continue to be driven by exports
.
Inflation is declining in earnest and the reference interest rate
should follow suit
12.0%
Mining, Oil, & Gas
6.1%
10.8%
Construction
Economic fundamentals and balances remain strong
Wholesale & Retail
Trade
142.87B
PEN2007 NSA
•
State management has improved
Business confidence is improving slowly in line with a sense of
greater political stability, although investment remains low
Risk 2024: El Niño extreme weather event
2.0%
Electricity & Water
7.2%
Other
49.9%
Natural
Resources
CONTRIBUTIONS TO PERUVIAN GDP GROWTH 2
50
y/y % change
40
Net Exports
Other
30
Investment
20
Consumption
Government
Real GDP
10
0
-10
-20
-30
-40
18
20
20
TOP TRADING PARTNERS ³
China
25%
19
21
22
22
1 Sources: Scotiabank Economics, Bloomberg, as of August 23, 2023; 2 Sources: Scotiabank Economics, Haver Analytics; 3 Trade data updated as of Q4-2022
United
States 18%
Canada
4%
Japan
Other
46%
4%
Brazil
3%
66
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