After a challenging year in 2015, real estate investments stayed quiet during 2016. While some dynamism was shown in the industrial and retail segments, housing and office did not show the signs of recovery that were expected. Many predict a pickup to happen by the end of 2017 and throughout 2018, as housing and office are closing a cycle...
While roads represent 20% of Peru’s infrastructure shortage in terms of quantity, their quality is being questioned as well. Peru was ranked 110th in the quality of its road infrastructure by the World Economic Forum’s “Global Competitiveness Report 2016-17”, down from 102nd in 2014-15. Locally, the Association for the Promotion of National...
The mining sector can be described as one of the main engines of the Peruvian economy as it accounts for 12% of total GDP. It creates direct employment for 174,000 workers and indirectly accounts for another 1.5m jobs. In 2016 mining exports totalled $23.8bn – 65% of the country’s total merchandise exports.
Copper production in Peru is on an upward trend. As a result of a big expansion in output in 2015, Peru overtook China to become the world’s second-largest copper producer. That increase was mainly due to new capacity at the Las Bambas project, owned by Chinese-Australian company MMG, and at the Cerro Verde mine, controlled by Freeport-McMoRan...
Despite the difficulties posed by a fragmented health care system, opportunities for private health insurance are abundant in Peru. Health services are provided by five main entities: Seguro Integral de Salud; Seguro Social de Salud (EsSalud); two government schemes for the armed forces and the police; and private health insurers, known as ...
Though recent highs in premium income have made Peru’s insurance market one of the fastest-growing in Latin America, the country remains comparatively underinsured. Taking these two factors into consideration, it is apparent that the sector has been showing strong growth but from a very low base, and that awareness of insurance as a way of...
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