This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 11/6/2018
Overview
Peru’s student population is large and growing. Between 2007 and 2017, net student enrollment in Peru rose from 71% to 83%, according to statistics released by the OECD and Peruvian Ministry of Education (MINEDU). As such, the demand for quality education technology and infrastructure is greater than ever before.
Though Peru has improved education accessibility, gaps in performance persist. Urban students continue to outperform their rural counterparts, and students at a high socioeconomic status score better than their peers of fewer economic resources. Three factors explain these gaps: the high cost of quality education, the concentration of schools in Lima, and the challenges posed by limited resources, including under-qualified teachers. MINEDU is working to address these challenges, expecting $300 million in infrastructure spending. In 2016, Peru had 142 universities, 31 of which are public, and the rest are private. Of the 142 universities, more than 50 are based in Lima. In January 2015, a new higher education authority, the National Superintendence of University Higher Education (SUNEDU), replaced the National Assembly of Rectors (ANR) under a new higher education law. SUNEDU has assumed a regulatory role over all universities, both public and private. In addition, SUNEDU is responsible for authorizing the establishment of new universities and is expected to stop the establishment of low-quality universities by supervising the quality of educational standards. Both the government and the people of Peru prioritize workforce readiness in a globalized world. Peru has 8 million students between the ages of 5 and 16, and more than 1 million university students. In higher education, students seek English training and soft skills, and many study abroad through university programs and partnerships. Students also increasingly prefer vocational schools as Peru’s economic growth increased demand for qualified technicians. Many of Peru’s students come from the middle class, seeking education that is affordable, practical, and proximate. Education providers entering Peru ought to consider approaches that broaden geographic reach and cut costs for students. The Tax for Public Works (Obras por Impuestos) and National Program for Education Infrastructure (PRONIED) initiatives facilitate private sector partnerships in the financing, implementation, and maintenance of education infrastructure projects. One such project is the installation of a fiber optic cable network, which will integrate 22 of Peru’s 25 regions by the year 2020. This project will provide internet to 10,000 schools. Historically, structural issues limited Peruvians’ uniform access to education. Yet changes in Peru’s demographics and government education policies indicate that the country is ready and willing to establish partnerships.
 2015-162016-172017-18 (Estimated)2018-2019
(Estimated)
Total number of Peruvian Students Studying in the U.S.3,2563,2003,3503,500
 20162017
 
2018 (Estimated)2019 (Estimated)
Total Number of U.S. Student Visas Issued to Peruvian Students1,7501,9252,177N/A
 
 Data Sources:
1) IIE Open doors 2017 Report
2) State Department 2017 Non-immigrant Statistics
 
Leading Sub-Sectors
An opportunity exists within the growing private sector educational market. There are different school networks that provide innovative education and seek to cut the cost of higher education. Their goal is to expand geographical reach within Peru. These schools incorporate new methodologies and technologies aimed to develop research and exchange programs. An example of these type of schools is Futura Schools.
Opportunities
Many of Peru’s educational institutions are working to incorporate cutting edge technology and methods into their curriculum. The installation of a fiber optic cable network in Peru’s public schools represents an opportunity to education software providers. These types of software will provide teacher trainings and online student resources. As the Peruvian government implements these changes in public schools, opportunities emerge for advisory roles.
With over 1 million university students and an ever-growing middle class that is eager to invest in quality education, the market for low-cost, high-quality education in Peru has never been more relevant.
Construction is also an opportunity, as the 2017 flooding incident left many schools destroyed. The Ministry of Education has projected the need for USD $300 million in investment for educational infrastructure.
 
Web Resources
Peruvian Ministry of Education
Regional Education Center of Lima
Institute of International Education
Sociedad de Comercio Exterior del Perú (COMEXPERU)
Bartolomé Herrera 254, Miraflores
Lima-18, Perú
Tel (511) 625-7700


 

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Peru Education Trade Development and Promotion