As the world’s third-largest producer of copper and zinc and with the sixth-largest gold reserves, for a country with a population of just 30m people, Peru has historically commanded a large presence in the global commodities market. This was especially true over the 10 years spanning 2002-12, when prices increased substantially during the...
The retail sector in Peru has been the second-fastest-growing sector of the economy over the past decade, after construction, driven by rising consumer spending. Retail sales peaked at $64bn in 2013-14, before falling back to an average of $61bn in 2015-16, in line with the slightly cooler economy. Peru’s total private consumption has more...
After contracting the previous year, the construction sector is looking to grow again in 2017. Still feeling the impact of the recent downturn, the sector is only expected to register growth in the fourth quarter, following the negative effects of the coastal El Niño floods in early 2017. While causing significant damage, the floods made it...
According to the “Climatescope 2016” report, which asses the ability of countries to attract investment for low-carbon energy sources, Peru is currently one of only a handful of countries in Latin America with a mandatory renewable energy target, assumed to be revised every five years. In 2008 the Ministry of Energy and Mines (Ministerio de...
Among President Pedro Pablo Kuczynski’s key pledges in the 2016 election campaign was the “massification of natural gas” to serve residents and industrial users across southern Peru. Another feature of Peru’s policy focus is to diversify gas exports, including the potential renegotiation of the country’s liquefied natural gas (LNG) contract...
One of President Pedro Pablo Kuczynski’s election campaign themes was that Peru’s mining sector should increase its involvement in higher value-added activities, moving beyond simple ore extraction into more smelting and refining. “Pedro Pablo is very clear on this. Today we export a lot of rocks with our raw materials and some of those...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×