Scotiabank Pacific Alliance Expansion
Peruvian Economy
Resilient economic fundamentals
12.1%
Mining, Oil, & Gas
7.8%
Construction
1.9%
Electricity & Water
4.9%
Natural
Resources
Peru's important resource sectors are
increasingly balanced by stronger service-sector
activity and solid economic fundamentals
Peru has 17 free-trade agreements with 49
countries that account for 66% of global GDP
Public investment and private capital spending
are recovering and are set to support growth in
2021; 95% of activity has re-opened
13.5%
Manufacturing
9.3%
Finance, Insurance,
& Real Estate
PERUVIAN GDP
BY INDUSTRY
(Q4 2020)
20.2%
GDP Growth 2021F:
8.7%
GDP Growth 2022F:
4.0%
Contributions to Peruvian GDP Growth
10
y/y % change
5
0
-5
-10
-15
-20
-25
-30
Net Exports
Investment
Consumption
-35
17
18
19
Sources: Scotiabank Economics, Haver Analytics.
Inventories
Government
Real GDP
20
20
30.4%
Other
Transportation &
Warehousing
Top 5 Trading Partners*
Others
46%
China
24%
United States
South Japan
Korea 4% 4%
Canada
5%
17%
* Trade data updated as of Q4-2020
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