Americas Wholesale and Retail Banking Overview
Peruvian Economy
Resilient economic fundamentals
11.5%
Mining, Oil, & Gas
6.8%
Construction
2.0%
Electricity & Water
5.1%
Natural
Resources
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 and transfer programs
are helping to bolster a return to growth in 2021
and 2022.
12.9%
Manufacturing
11.0%
Finance, Insurance,
& Real Estate
PERUVIAN GDP
BY INDUSTRY
(Q1-2021)
19.5%
31.2%
Other
Transportation &
Warehousing
GDP Growth 2021F:
9.9%
GDP Growth 2022F:
4.1%
Sources: Bloomberg, as of August 20, 2021
Contributions to Peruvian GDP Growth
Top 5 Trading Partners*
15
y/y % change
10
5
-5
-10
-25
-30
༄༅ཕ༠Ş པྟཱཿ ཐྭ ཏྭ ༞ ཚྭ
-20
-15
Net Exports
-35
17
Inventories
Investment
Consumption
I Government
Real GDP
18
19
20
20
Sources: Scotiabank Economics, Haver Analytics.
21
21
Others
43%
China
28%
United States
South Japan
Canada
5%
16%
Korea 4% 4%
* Trade data updated as of Q1-2021.
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