Scotiabank: Colombian Market and Financial Overview slide image

Scotiabank: Colombian Market and Financial 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 11.4% Wholesale and Retail Trade PERUVIAN GDP BY INDUSTRY (Q3 2020) GDP Forecast 2020: -11.5% GDP Forecast 2021: +10.0% Contributions to Peruvian GDP Growth 10 y/y % change 0 -5 -10 -15 -20 -25 -30 -35 -40 17 18 Net Exports Investment Consumption Sources: Scotiabank Economics, Haver Analytics. 19 Inventories Government Real GDP 20 20 49.7%- Other 13.0% Mining, Oil, & Gas 6.0% Construction 2.0% Electricity & Water 5.7% Top 5 Trading Partners* China Others 47% 25% Natural Resources United States 16% Canada 4% Japan South Korea 4% 4% * Trade data updated as of Q2-2020 60 60
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