Private and public investment in Peru might increase 4.6% and 10.2% —respectively— in 2018 thus contributing to the 3.9% GDP growth rate projected for the current year, according to Lima Chamber of Commerce's (CCL) Institute of Economics and Business Development (IEDEP).
Projects
The CCL department notes the amount to be allocated for public investment projects this year is S/25.633 billion (about US$7.887 billion).
Projects such as Lima Metro Line 2 (S/2.757 billion; about US$848.307 million), Chavimochic in La Libertad region (S/363 million; about US$111.692 million), and Lima-based National Sports Village (S/305 million; about US$93.846 million), among others, stand out in this sense.
Next year
CCL also estimates private investment might total US$18.369 billion in the 2018-2019 period.
In said term, mining (35.5%), infrastructure (21.9%), and hydrocarbons (12%) sectors will have outstanding performances.
In addition, Foreign Direct Investment (FDI) in Peru will account for 4.1% and 4.2% of the country's GDP for 2018 and 2019, respectively.
(END) RGP/RGP/JAA/MVB