Peru's private investment has registered a growth of 4% in 2019, thus recording three years of consecutive expansion, Central Reserve Bank of Peru reported on Friday.
According to the issuing entity, private investment has witnessed positive growth rates over the past two years: 4.2% in 2018 and 0.2% in 2017.
Nevertheless, it posted negative figures in 2016 (-0.4%), 2015 (-4%), and 2014 (-2.2%), after achieving good results in 2013 (7.1%), 2012 (15.6%), and 2011 (11%).
Mining investment a cornerstone
A key cornerstone of the private investment performance in 2019 was
mining investment, which amounted to US$6.157 billion, surpassing the US$6 billion goal set at the beginning of last year.
Domestic demand grew 2.3% in 2019, driven by the 4% expansion in private investment, thus marking nine years of consecutive growth.
According to
BCR, domestic demand went up in 2018 (4.2%), 2017 (1.5%), 2016 (1.1%), 2015 (2.6%), 2014 (2.2%), 2013 (7.2%), 2012 (7.3%), and 2011 (7.8%).
"Domestic demand showed an advance of 2.3% in 2019, mainly underpinned by private consumption and private investment," the bank added.
(END) CNA/JJN/RMB
Published: 2/21/2020