Scotiabank Business Overview and Economic Outlook
Peruvian Economy
Resilient economic fundamentals
12.3%
Mining, Oil, & Gas
6.1%
Construction
2.0%
Electricity & Water
5.2%
Natural
Resources
Peru's important resource sectors are
increasingly balanced by stronger service-sector
activity and solid economic fundamentals
Peru has 17 free-trade agreements with 49
countries that account for 65% of global GDP
Public investment and private capital spending
are recovering and are set to support growth in
2021; 95% of activity has re-opened
12.8%
Manufacturing
10.8%
Finance, Insurance,
& Real Estate
PERUVIAN GDP
BY INDUSTRY
(Q3 2020)
20.4%
GDP Growth 2021F:
8.7%
GDP Growth 2022F:
4.0%
Contributions to Peruvian GDP Growth
10
y/y % change
5
-5
-10
-15
-35
༄n༠ རྩྭ Ş༈༙ ༞ མཻ ༞ ༞ ཤྲཱ
-20
-25
-30
-40
17
18
Net Exports
Investment
Consumption
Inventories
Government
Real GDP
Sources: Scotiabank Economics, Haver Analytics.
19
20
30.5%
Other
Transportation &
Warehousing
Top 5 Trading Partners*
Others
46%
China
24%
United States
Mexico South
3% Korea
4%
Canada
5%
18%
* Trade data updated as of Q3-2020
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