Peru has experienced strong economic growth over the past two decades, averaging over 5% annually between 2002-2014. This solid growth has been driven by macroeconomic stability, prudent fiscal policies, openness to trade and investment, competitive exchange rates and commodity exports that include mining, fishing and agriculture. Mining has been a major contributor, accounting for over 60% of exports and attracting significant foreign direct investment across precious metals such as gold, silver and copper as well as base metals including zinc, lead and iron ore. Infrastructure is another sector presenting major opportunities, as Peru has ambitious plans to invest tens of billions in expanding ports, roads, airports, bridges, irrigation systems and energy generation through increased public-private partnerships. Beyond resources and infrastructure, sectors like agriculture, tourism, renewable energy and telecommunications also offer promising prospects for sustainable investment and growth. Peru’s diverse geography and climate allow for a wide variety of agricultural production including fruits, vegetables, coffee, quinoa, asparagus and other superfoods that show potential for increased domestic consumption and exports.
Tourism is also a key foreign exchange earner experiencing rapid growth, with significant investment opportunities in hotels, resorts, restaurants and related real estate development across popular destinations in Lima, Cusco, Arequipa, Huaraz and along the coastline. Renewable energy development is being driven by national targets to diversify energy generation away from hydropower dominance, opening opportunities for private investment in solar, wind, hydro, geothermal and other clean technologies. Peru’s young, increasingly connected population that surpasses 33 million also presents growing opportunities for further investments in expanding telecommunications infrastructure including broadband internet, 4G/5G networks, data centers and digital services.
Overall Peru’s strong economic performance in recent decades, ambitious national development agenda across priority industries, and pro-business reforms and trade deals to attract long-term private capital point to continued attractive prospects. Continued prudent macroeconomic management combined with initiatives to invest in transport and energy infrastructure, promote increased public-private partnerships, develop small and medium enterprises and further open key sectors to trade and investment position Peru well for sustained growth and greater integration into global markets. Widespread implementation of these strategies and projects nationwide is expected to maintain economic expansion, poverty reduction and improve competitiveness.
