Peru: Farming sector up 7.2% in Feb 2019

14/04/2019

Peruvian farming sector expanded 7.2% in February 2019, compared to the same month last year, despite the problems caused by weather phenomena, Agriculture and Irrigation Ministry (Minagri) informed on Wednesday. According to Minagri’s Policy Monitoring and Evaluation Directorate General (DGSEP), this outcome was underpinned by the agricultural (+9.2%) and livestock (+4.7%) sub-sectors. In this sense, […]

Peru: Fishery sector up 7.5% in Feb 2019

13/04/2019

Total landings of hydrobiological resources amounted to 199,300 metric tons (MT) in February 2019, 13,800 MT higher than the same month last year, Peru’s Production Ministry has informed. «In terms of volume, these numbers represented a 7.5% increase compared to February 2018,» it underlined. This result was due to greater landings of species intended for […]

Peru PM: GDP to expand over 4% in 2019

13/04/2019

Private investment will remain Peruvian economy’s growth engine, thus GDP in 2019 will expand beyond the rate registered last year (4%), Prime Minister Salvador del Solar projected on Thursday. In this sense, the cabinet chief indicated the Government’s policy proposal is supported by five pillars: integrity and fight against corruption; institutional strengthening for governance; equitable, […]

Peru signs loans with World Bank and Inter-American Development Bank

31/03/2019

The Economy and Finance Ministry —on behalf of the Government of Peru— has signed two loan agreements with the World Bank and the Inter-American Development Bank (IDB) in order to provide people with timely access to health services. The loans amount up to US$125 million each and are expected to partially finance the «Integrated Health […]

Peru: Retail sales up 6.1% in January 2019, exceed US$900 million

31/03/2019

Retail sector sales expanded 6.1% in January 2019 compared to the same month last year, Production Minister Rocio Barrios has informed. In this sense, sales exceeded S/3.1 billion (over US$ 939 million) underpinned by the positive results of department stores, supermarkets, drugstores, pharmacies, as well as hardware and household appliance stores. «Retail trade in the […]

Peru’s 2018 economic performance lays foundations for future growth

31/03/2019

Economy and Finance Minister Carlos Oliva has affirmed Peru’s 2018 economic growth, driven by private investment, lays the foundations for expansion in the following years. Peru’s GDP grew from 2.5% in 2017 to 4% in 2018, while Latin America’s rose 1.1%, thus showing reasonably good performance, given national and international circumstances. Laying foundations The uncertainty […]

Peru: Public investment moves up in Jan-Feb 2019

20/03/2019

Public investment execution by national and regional governments increased in the first two months of 2019, Peru’s Economy and Finance Ministry (MEF) has informed. However, it increased in the case of local governments. In this sense, public investment execution by the national government reached S/830 million (US$251 million) between January and February this year. Therefore, […]

Peru: Mining investment to continue growing, to reach US$6.1 billion in 2020

20/03/2019

Mining investment in Peru will amount to US$5.7 billion in 2019 and US$6.1 billion in 2020, Central Reserve Bank (BCR) Governor Julio Velarde has projected. Peru will receive US$5.7 billion in mining investment this year, surpassing last year’s figure of US$5 billion, the official said at a Prospectors & Developers Association of Canada (PDAC) 2019 […]

Peru: Ica, Piura, La Libertad regions represented 82% of agro-exports in Jan 2019

20/03/2019

Peru’s traditional and non-traditional agro-exports —excluding Lima and Callao— totaled US$602.5 million in January 2019, thus increasing 15.5% over the same period last year, Association of Peruvian Exporters (Adex) informed Wednesday. In this sense, products from Ica, Piura, and La Libertad regions accounted for 82% of the total. CIEN-ADEX Policy Development Analyst Nancy Arreluce indicated […]

Peru: Exports reached US$47.709 billion in 2018

07/03/2019

Peruvian exports totaled US$47.709 billion in 2018, thus breaking a record, Foreign Trade and Tourism Minister Edgar Vasquez informed Tuesday. «These figures should fill us with pride,» the official underlined. In this sense, Minister Vasquez indicated this milestone denotes a motivation to continue working to expand the Inca country’s shipments. Likewise, he indicated these numbers […]