Cultural and Travel News Peru

Peru Projected as Quickest Growing Economy South America

Wednesday April 26, 2017

The World Bank projected Peru as the quickest growing economy in South America in a recent study. The study, released on April 18th, predicted that Peru´s GDP will experience a 3.7% growth in the year 2017.

While this number is strong, Peru was originally predicted to a growth of 4.3% and 4.2% over the next two years. However, this number was lowered due to the unexpected floods that recently devastated the country´s northern coast.

Compared to its other South American counterparts (more…)

Tourism created 1.3 million jobs last year

Tuesday June 21, 2016

Tourism is contributing to the expanding employment opportunities in Peru. In fact, the Foreign Trade and Tourism Minister, Magali Silva, announced that the tourism industry created 1.3 jobs in 2015.

The Tourism Satellite Account, which is a method to measure tourism, has declared that tourism accounts for 3.9% of Peru´s GDP. Tourism GDP totaled $7 billion in 2015. Furthermore, the cumulative growth in the past four years was 23.9%.

Whether it´s a restaurant, a hotel, transportation, or communication systems, everything is affected by tourism. (more…)

Peru: the second fastest growing economy in 2016

Wednesday April 13, 2016

The Economic Commission for Latin America and the Caribbean (ECLAC) has estimated that Peru´s economy with grow by 3.8% in 2016. This would make Peru the second fastest growing economy in South America for this year.

ECLAC had previously announced an estimate of 3.4% growth, but recently increased this claim this past Friday. It projected Bolivia to have the largest growth with 4.5%, with Peru following with 3.8%. Colombia will grow by 2.9%, Paraguay by 2.8%, Chile by 1.6%, and Uruguay by 0.5%. (more…)

Peru: second highest GDP growth in 2014 and 2015 in the world

Monday February 24, 2014

According to the latest survey of the Latin Focus Consensus, a main source of global economic analysis, Peru will have the second highest Gross Domestic Product growth rate in 2014 and 2015 in the world after China.

The report predicts that Peru’s GDP will grow 5,4% this year and 5,6% next year. China, the number one in the world, will likely expand 7,5% in 2014 and 7,4% in 2015.

Additionally, Peru’s economy is predicted to exceed the annual growth rates of the two custom unions in Latin America (more…)

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