Q1 2023 Financial Results
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.
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