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Peru: Retail trade sector represents 10.7% of GDP

13:01 | Lima, Sep. 3.

Peruvian retail has become the country's fourth major sector and accounted for 10.7% of GDP in 2018, Lima Chamber of Commerce (CCL) has reported.

According to CCL's Retail and Distribution Guild, the above-mentioned segment represents 25.8% of the Economically Active Population (EAP). 

"This was achieved as the retail trade sector has increased at an average annual rate of 2.6% over the last 10 years," the guild expressed. 

Furthermore, it pointed out this figure included the activities linked to the retail banking trade, as well as food and beverage sales in restaurants

On the other hand, it is the activity that has generated the greatest number of jobs since 2015, which has expanded 8.7%. 

In 2018, 30.6% of the employed people in urban areas belonged to the segment. 

The CCL Retail and Distribution Guild was created in 2013 in order to boost the development and competitiveness of this sector. 

(END) MDV/DTK/MVB

Published: 9/3/2019
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