While the country’s economy has long been dominated by the mining sector, less attention has been paid to other sectors. However, as commodity prices have fallen, dragging mining output down with them, Peru will have to lean more heavily on manufacturing to drive future growth. This new reality presents both challenges and opportunities. Peruvian manufacturing benefits...
Retail
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Articles & Analysis | Sector development is crucial to economic diversification efforts from The Report: Peru 2015
Articles & Analysis | A growing number of retail brands are entering the domestic market from The Report: Peru 2015
Until a few years ago, Peru’s retail sector was one of the least mature in the region. Since then it has become Latin America’s fastest-growing, as shopping malls, supermarkets and stores from international brands have proliferated. Growth has been fastest in the advantage of this situation to establish a position for itself in the retail sector. In 2005, it opened its...
Interviews & Viewpoints | Piero Ghezzi, Minister of Production: Interview from The Report: Peru 2015
Chapter | Industry & Retail from The Report: Peru 2015
Accounting for around 15% of GDP, the manufacturing sector has recorded strong growth over the past decade. Between 2004 and 2013, value added from manufacturing grew at a compound annual rate of 5.8% in real terms. While growth is uneven among the various manufacturing activities, the sector has been buoyed by strong growth in basic metal products and in non-metallic minerals. The government...
Interviews & Viewpoints | OBG talks to Hamoud Tazerouti, CEO, Entreprise Nationale des Véhicules Industriels (SNVI) from The Report: Algeria 2014
Articles & Analysis | The country seeks to return to its industrial past from The Report: Algeria 2014
In the last 10 years, Algeria has focused on developing local manufacturing industries in order to reduce its heavy import spending, boost employment, increase value addition and export revenues, and diversify the economy. Today the oil and gas industry contributes 97% of export receipts and roughly one-third of GDP, yet it employs only a fraction of the workforce. Over-...