The Peruvian economy is at a crossroads. Over the last two decades it has been one of the fastest-growing economies in the region, enjoying macroeconomic stability, a strong mining sector, an open economy, and growing agro-industry and services sectors. Unlike some of its neighbours, Peru has been remarkably resilient to global headwinds....
Steady economic growth in Peru may have masked a potential problem: investment has been falling over the last three years. The country’s GDP grew by 2.4% in 2014, 3.3% in 2015 and 3.9% in 2016, an impressive performance in the context of low commodity prices and contraction of some of the larger economies in Latin America. But across those...
Arequipa is a key mining region in southern Peru, topping national production in copper and molybdenum in 2016, largely as a result of the recent expansion of operations at the Cerro Verde mine. According to the Ministry of Energy and Mines ( Ministerio de Energía y Minas, MINEM), as of January 2017, Arequipa had a mining investment portfolio...
What is the most important factor to consider in maintaining export levels at a time when global demand for alpaca is decreasing?
Peru holds over 80% of the global alpaca population with Arequipa sitting at the centre of the alpaca growing and manufacturing industry. Arequipa benefits from a variety of advantages in this segment, ranging from a high concentration of alpacas, to the presence of a key set of regional alpaca manufacturing companies. While the largest share...
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