Peru will experience a growth of 10.6% this year, which will be above the average for Latin America and the Caribbean, the
Economic Commission for Latin America and the Caribbean (ECLAC) indicated on Tuesday.
In addition, the annual report shows that, in 2022, Peru will once again grow above the regional average.
Thus, the South American nation should see a growth rate of 4.4% in 2022, whereas the region is expected to grow 2.9% in the same year.
Peru's position in Latin America
Peru will see the third largest growth in Latin America and the Caribbean this year, with 10.6% GDP growth, after Guyana and Panama, which are forecast to expand 16% and 12%, respectively.
Peru will be followed by Chile (9.2%), Dominican Republic (8%), Argentina (7.5%), El Salvador (7.5%), Colombia (7.5%), and Mexico (6.2%), among others.
In 2022, Peru's economy is projected to grow 4.4%, putting it tenth in the region, after Guyana (32%), Saint Lucia (11.9%), Bahamas (8.5%), Panama (8.2%), Barbados (7.5%), Belize (6.4%), Jamaica (5.7%), Dominican Republic (5.5%), and El Salvador (4.6%).
She mentioned that Peru is an important producer of commodities such as copper, gold, and zinc, adding that the terms of trade have been favorable.
(END) MMG/JJN/RMB
Published: 8/31/2021