Scotiabank Risk Overview

Peruvian Economy • Resilient economic fundamentals Peru's growth would continue to be driven by the primary sectors and by a good performance of consumption. Economic fundamentals remain strong Peru has 18 free-trade agreements with 52 countries that account for 66% of global GDP Impact of social unrest biases economic growth downward 12.2% Manufacturing 11.2% Wholesale & Retail Trade Other 50.9% PERUVIAN GDP BY INDUSTRY (Q3-2022) GDP 2022E: 2.6% GDP 2023F: 2.1% GDP 2024F: 2.4% Sources: Scotiabank Economics, Bloomberg, as of Feb 10, 2023. Contributions to Peruvian GDP Growth 50 y/y % change 40 Net Exports Inventories 30 20 Investment Consumption Government Real GDP 10 0 -10 -20 -30 -40 20 21 19 18 Sources: Scotiabank Economics, Haver Analytics. 22 22 11.1% Mining, Oil, & Gas 6.9% Construction 1.9% Electricity & Water 5.9% Natural Resources Top Trading Partners* China 26% Others 46% India 3% United States 17% Japan 4% Brazil 4% * Trade data updated as of Q3-2022. 65

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