The Peruvian Economy: Overview
In the period January-December 2011, Peru’s GDP increased by 6.9%, reflecting the optimum economic growth of Peru. In this way, and following the economic positive trend, the GDP over 2012 and 2013 is expected to reach 6% per year.
It is noteworthy to mention that, as of the end of 2011, Peru’s GDP reached a value of US$ 176.728 million; thus, Peruvian economy completed 10 years of continuous growth with rates above the Latin American average.
High Activity in Investments and Foreign Trade
Private investments increased by 11.7% during 2011, reaching a value close to US$ 35 million. The investment flows into Peru are expected to continue their expanding trend as a result of the investors’ confidence in the economic performance of the country.
Foreign capital flows continued their expansion, registering a total net foreign investments of US$ 7.548 million (21% of the total private investment value). This investment has been concentrated on mining, finances, communications, industry and energy, which reflects the growing strength of the country’s domestic market.