Canadian Banking and Mortgage Portfolio Overview
Peruvian Economy
Resilient economic fundamentals
Peru's important resource sectors are
increasingly balanced by stronger service-sector
activity and solid economic fundamentals
Peru has 16 free-trade agreements with 49
countries that account for 66% of global GDP
Investment is making a consistently strong
contribution to GDP, which should make solid
growth rates more sustainable in the future
12.3%
Manufacturing
10.2%
Finance, Insurance,
& Real Estate
31.9%
PERUVIAN GDP
BY INDUSTRY
(Q2 2019)
20.8%
Transportation,
Information &
Commerce
5.5%
Construction
8
y/y % change
6
4
2
0
-2
-4
-6
16
Contributions to Peruvian GDP Growth
17
Net Exports
Investment
Consumption
18
Sources: Scotiabank Economics, Haver Analytics.
Other
5.1%
Natural
Resources
14.1%
Mining & Energy
Top 5 Trading Partners
Others
43%
China
27%
Inventories
Government
Real GDP
19
South Korea
4%
Spain Brazil
4%
5%
United States
18%
66
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