Peru’s agriculture sector has enjoyed consecutive annual expansions in recent times, with agricultural GDP growing at an average rate of 3.3% per year between 2000 and 2015 – above the regional average for Latin America, according to a March 2018 report by the World Bank titled “Gaining momentum in Peruvian agriculture: Opportunities to increase productivity and enhance competitiveness”. The...
The Americas Agriculture
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Chapter | Agriculture & Fisheries from The Report: Peru 2018
With a new administration in place, local and international players in Peru have regained optimism. As one of South America’s top performers due to its reforms and fiscal discipline, the country is benefiting from rising commodity prices and an export-oriented mining sector. In addition, 2018 brought increased public expenditure, with notable rises in the budgets for education, health, infrastructure and reconstruction.
Chapter | Agriculture from The Report: Mexico 2018
Mexico has posted strong agricultural export growth since 2013, turning around a deficit in the country’s trade balance of agriculture products that reached nearly $4bn in 2012. Growth in recent years has been driven by high-value berry and avocado exports, as well as the expansion of large-scale agro-industrial complexes in the central part of the country. Experts note that many advantageous...
Driven by an ongoing process of economic opening since the 1990s, Mexico has established a solid macroeconomic base. Structural reforms have improved the country’s trade flows, helped to soften the impact of a gradual slowdown in hydrocarbons production and exports, and enabled manufacturing-led economic diversification and regional integration.
After facing headwinds such as depressed international energy prices, and rising debt and fiscal imbalances, Trinidad and Tobago’s economic recession appears to be turning a corner, with GDP growth projected to climb to 0.3% in 2017 and 3.4% in 2018. As one of the largest and most diversified economies in the English-speaking Caribbean, the country is beginning to benefit from the new administration’s process of fiscal adjustment and economic diversification, spurred on by an ambitious public works pipeline.
Chapter | Agriculture from The Report: Colombia 2017
Poised to grow at an exponential rate, Colombia’s agriculture sector will be the first to see the benefits of the signing of a historic peace agreement between the government and FARC. Vast untouched areas that have been inaccessible and unproductive for decades could well become the motor of growth the sector needs. Well-targeted investment could increase agricultural production by 8-10%....