Cultural and Travel News Peru

Peru Projected as Quickest Growing Economy South America

Wednesday April 26, 2017
1,391 Views

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…)

Peruvian Avocado Exports Flourished in 2016

Tuesday January 17, 2017
1,453 Views

According to the Association of Peruvian Exporters, Peruvian avocado exports have flourished in 2016. The Association´s data and statistics system asserted that this is the fourth year in row that it´s seen this positive growth.

Four years ago in 2013, avocado exports totaled US$184.4 million. This has increased substantially over the last years, reaching a total of US$445.7 million at the end of 2016.

These high numbers of avocado exports show the importance that the fruit has in Peru´s trade system. In fact, avocados make up 10.9% of Peru´s total agricultural exports. (more…)

APEC Leaders Plan to Work Together to Better the Quality of Life

Tuesday November 22, 2016
1,294 Views

Leaders from the Asia-Pacific Economic Cooperation recently met in Lima, Peru. Together, they plan to better the quality of life for citizens across the world.

The theme of the APEC Summit of 2016 was for quality growth and human development. Although other issues were discussed, the main focus was on human development.

All leaders of APEC signed a declaration that stated, ´´We therefore recognize that our efforts to achieve APEC´s objectives and goals must remain focused on improving the lives of our people.´´
(more…)

Peru´s Government will Promote Growth through Tourism

Tuesday August 23, 2016
1,658 Views

Peru´s Prime Minister, Fernando Zavala, declared that the new government will rely heavily on tourism to promote growth and build the economy.

Zavala made these statements as he addressed Congress with the intent to build confidence in the new government´s plans. These plans include increasing foreign tourists in Peru to 7 million by 2021, which is double the 3.5 million foreigners that entered Peru last year.

Additionally, the Prime Minister declared to RPP radio station, ´´We want to prioritize tourism, because this is where we can create new sources of growth and new jobs for Peru.´´ (more…)

Peru´s new president aims to double tourism in the next 5 years

Tuesday August 09, 2016
1,376 Views

Peru sees around 3.5 million tourists come into the country each year. Though this is an impressive statistic, the new president, Pedro Pablo Kuczynski, aims to double this number in the next five years.
The new governmental regime plans to implement strategies to increase tourism to Peru, which they claim will increase jobs, promote trade, and better Peru´s economy in general.

PPK says of this plan, ´´We are going to double tourist flow over five years. I believe, and maybe this is a little optimistic, that it must become our goal: doubling tourism, that is going to bring additional revenue worth between US$4 and US$5 billion.´´ (more…)

Tourists Increase in 2016 in Peru

Tuesday June 21, 2016
1,535 Views

Tourists Increase in 2016 in Peru.
The Minister of Foreign Trade and Tourism, Magali Silva, declared that 75,289 more tourists traveled to Peru than last year. Compared to the first quarter of 2015, there has been a 6.7% increase in tourists in 2016.

Furthermore, there were 276,086 visitors to Peru is April alone, which is 5.1% more than April of 2015.
The countries that send the most visitors to Peru are Chile, the United States, Ecuador, Colombia, and Costa Rica. In the first quarter of 2016, Chile sent 383,487 visitors and the United States sent 176,829 visitors. (more…)

Tourism created 1.3 million jobs last year

Tuesday June 21, 2016
1,667 Views

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…)

The world’s most important chili/pepper event will be held in Peru

Thursday April 28, 2016
1,715 Views

The international markets are demanding more and more of Peru’s chilies and peppers. These exports increased with 19% and cashed in $271.8 million according to the Adex (Exporters association).

In the first months of 2016 the total of the Peruvian exports were about $36.6 million.

Because of the growing export numbers within the international markets, Peru has been chosen to host the 23rd International Pepper Conference 2016. This conference is the world’s most important Capsicum event. (more…)

Peru: the second fastest growing economy in 2016

Wednesday April 13, 2016
1,527 Views

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 prioritizes long-term growth

Tuesday April 05, 2016
1,409 Views

Peru recently signed an agreement with the International Bank for Reconstruction and Development that seek long-term growth in Peru.

Alonso Segura, the Minister of Economy and Finance, is overseeing these agreements. He asserts that they will better Peru´s economy and provide more resources to all.

The agreements also work as a type of insurance for Peru as unexpected events and other risks sometimes shake the economy. Whether that be a natural disaster or an international problem, Peru will have more security. (more…)

Peru´s economic growth surprises analysts

Tuesday February 16, 2016
1,477 Views

Peru´s economic growth is clearly improving, as seen by the statistics in 2015.

Not only are do the facts support this, but Pulso Peru survey reported that Peruvians themselves are more likely to hope for a better economic situation.

The National Institute of Statistics and Information reported a growth of 6.39% in December of 2015, and finished the year with an average growth of 3.26%. This exceeded economists´ expectations. Analysts only expected a growth of 5.4% in December, but were pleasantly surprised with a growth that was 1% higher than their prediction. (more…)

Free Movement Agreement between Peru and Ecuador expected to increase tourism

Tuesday January 12, 2016
1,559 Views

Jose Sandoval, Ecuadorian Ambassador to Peru, stated “Our projections suggest that tourism is expected to witness a higher growth rate of 10%, I mean tourism on both sides.”

The governments of Peru and Ecuador have an agreement to allow their citizens to stay on a tourist visa for up to 180 days. As most bordering countries do not have such agreements, this free movement between countries is expected to increase tourist flow by 10% in 2016.

Tourism, a major industry in both nations, is already high between Peru and Ecuador. (more…)

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