Medium-Term Financial Objectives

Peru 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 higher growth rates more sustainable in the future 12.4% Manufacturing 10.2% Finance, Insurance, & Real Estate 31.9% PERUVIAN GDP BY INDUSTRY (Q1 2019) 20.8% Transportation, Information & Commerce 5.5% Construction Contributions to Peruvian GDP Growth 8 y/y % change 6 4 2 0 -2 Net Exports Inventories Investment Other 5.1% Natural Resources 14.1% Mining & Energy Top 5 Trading Partners Others 34% China 31% -4 Government Consumption South Real GDP -6 Korea 5% 16 17 18 19 United Sources: Scotiabank Economics, Haver Analytics. Spain States Brazil 4% 20% 5% Scotiabank® 46

View entire presentation