Peru's estimated growth - 2014: 5.5%
(Estimated regional average growth: 3.2%)
Peru's GDP -2013: US$ 206.7 Billions
Advantegeous economic perspectives for Peru based on:
• Peruvian domestic demand growth in 2013: 5.7%
(biggest contribution to Peru GDP’s growth, estimated in 210 billions).
• Important development of non primary sectors during the last years, as:
construction, retail trade and services.
Execution of important investment projects, private and public
• Investment represented 27,3% of Peru’s GDP in 2013
(the highest level among the main Latin American econommies).
Responsible economic policy
*Peru ranks as the second economy in the region with the lowest sovereign credit risk and the highest security for investments.
*Peru’s current growth surpasses the rest of the countries with similar investment grade (5.6% average during the last five years).
*Peru shows comparatively low inflation rate (2.9% during the last five years) and a downward public debt (18% of its GDP in 2013).
*Peru’s Net International Reserves were over 30% of its GDP during 2013.
Source: Central Reserve Bank of Peru
*During the period 2007-2012 Peru doubled its foreign trade and raised its value added exports.
*About 60% of Peruvian exports are composed of mining products (copper, gold, molybdenum, silver, zinc).
*Other sectors with important exports are Hydrocarbons (oil); Agriculture (increasing diversification); and Fishing (world’s leading exporter of fish meal and fish oil).
Bilateral trade between Israel and Peru
• Israel exports to Peru advanced technology (agricultural, communications).
• Peru exports to Israel mainly agricultural products (as quinoa) and zinc derivatives.
*Peru has subscribed to the Pacific Alliance along with Chile, Colombia and Mexico.
*The Alliance represents the eighth world's economy and the half of the trade between Latin America and the rest of the world.
*Israel is the first state of the Middle East to be admitted as an observer state of the Pacific Alliance on past February, supported by Peru.