Scotiabank Mexico Business Overview
Peruvian Economy
Resilient economic fundamentals
11.5%
Mining, Oil, & Gas
6.1%
Construction
2.0%
Electricity & Water
5.7%
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
12.6%
Manufacturing
10.2%
Wholesale & Retail
Trade
Other
PERUVIAN GDP
BY INDUSTRY
(Q1-2022)
2.6%
GDP 2023F:
2.4%
GDP 2021: 13.4% GDP 2022F:
Sources: Scotiabank Economics, Bloomberg, as of July 29, 2022.
Contributions to Peruvian GDP Growth
50
y/y % change
40
10
3200
-10
Net Exports
-20
Investment
Inventories
Government
Consumption
Real GDP
-30
-40
17
18
19
Sources: Scotiabank Economics, Haver Analytics.
20
20
21
21
22
22
51.9%
Top Trading Partners*
China
27%
Others
38%
Japan 4%
United Kingdom
4%
* Trade data updated as of Q1-2022.
Natural
Resources
United States
16%
EU
11%
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