A forward-looking country
A growing economy
In the last two decades, Peru has implemented a responsible and stable economic policy that has turned it into a rapidly growing economy offering a wide variety of investment pportunities.
As the country continues to grow, the government has taken great care to ensure that Peru remains on a path of development that benefits all sectors of society.
A Success Story
Peru is the fifth most populous country in Latin America and a leader in growth, with a favorable outlook for the coming years according to projections by the International Monetary Fund (IMF). Peru is a member of the Pacific Alliance—a new trade bloc that also includes Chile, Colombia, and Mexico—as well as the Andean Community and the Asia-Pacific Economic Cooperation (APEC) forum. It is also one of the twelve countries involved in negotiations for the Trans-Pacific Strategic Economic Partnership Agreement (TPP), and has been admitted by the Organization for Economic Cooperation and Development (OECD) to become a full member by 2021.
Peru has also signed free trade agreements (FTAs) with its main trading partners, such as the United States, China, and the countries of the European Union.
After experiencing such stable economic and political progress, Peruvians are eager for more. Private investment continues to flow into the country, while the FTAs have provided export sectors (raw materials, manufacturing, and agribusiness) with a solid platform from which to reach the world’s biggest markets.
A quick glance at Peru’s national accounts shows low levels of public debt as a percentage of the GDP—according to the IMF, 19% in 2012—along with high employment levels, rising wages, and strong international reserves, garnering recognition from institutions such as the World Bank and the International Monetary Fund.