Peru has been promoting different types of special economic zones (SEZs) for a number of years, in an effort to support economic diversification, regional development and international trade. By 2015 there were three special entities designated as export, transformation, industry, marketing and service centres (Centros de Exportación,...
Bouncing back from political instability and hyperinflation in the 1970s and 1980s, Peru has sustained average GDP growth of 6% since 2004. A major metals and minerals exporter, Peru’s growth has been fuelled in large part by high commodity prices and stable demand from China. This has allowed the country to become an important player on the...
In 2014 Peru was the seventh-largest economy in the Latin America and Caribbean region, with a GDP of $202.9bn. According to data from the World Bank, this represented 3.2% of total regional GDP, behind Brazil (37.2%), Mexico (20.4%), Argentina (8.6%), Venezuela (8.1%), Colombia (6.0%) and Chile (4.1%). On some rankings using purchasing power...
Buoyed by high commodity prices and market-friendly policies, Peru has been one of the best-performing and stable economies in Latin America over the past decade. Rapid economic growth has, in turn, spurred an emerging middle class and notable social gains, with the number of Peruvians living in poverty falling by more than half in the period...
ETIQUETTE: Given Peru’s rich historical and ethnic heritage, its culture is diverse and varies slightly from region to region. Peruvians are generally polite and friendly, and strong friendships often go a long way in opening doors and securing opportunities in the business world. Standard business...
Home to 25,000 plant species, 2000 species of fish, more than 500 mammals and 500 amphibians, Peru is considered among the 12 most biodiverse countries in the world. With a total of 158 protected areas that cover over 22m ha – approximately 17% of the country’s land mass, Peru has enormous potential for boosting growth in eco-tourism. This...
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