This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 3/15/2019
UNESCO Student Mobility Number: 30,591
CIA World Factbook-Percent of population under 24 years old: 43.97%

Overview
In recent years, the Ministry of Education - MINEDU - has undertaken a series of actions to improve the access to education and student performance. According to The Educational Quality Statistic organization (MINEDU), the number of enrollments at all levels of school increased by 2.3% from 2015 to 2016. Reading comprehension increased from 16% in 2007 to 50% in 2015 and mathematics proficiency went from 7% in 2007 to 27% in 2015.
Although the management of MINEDU has made considerable progress, there are still gaps to be closed. For example, despite having increased the education budget by 35% between 2006 and 2016 (3% to 4% of GDP), spending/investment is still low compared to the 5.5% average expenditure of the Organization for Economic Cooperation and Development - OECD.

In Peru, the performance difference between urban and rural students is high. For example, for 2nd grade students 55.1% of urban children achieve satisfactory test scores but for rural students that figure drops to 18.5%.  Also in mathematics 29.1% of urban students achieve a satisfactory score while in rural areas only 12.3% of students achieve satisfactory score.

There are three persistent deficiencies that plague the Peruvian educational system: high-costs, lack of proximity for students living outside of Lima, and poorly qualified teachers. However, some institutions like Pontific Catholic University (PUCP) are trying to solve the question of geographic access by building remote campuses in 10 of Peru’s largest metropolitan areas outside of Lima. While Innova is another private education provider trying to close the cost gap by providing high-quality secondary education for Peru’s rising middle class. Almost 80% of Peru’s private schools are small and poorly founded, Innova constructs an average six buildings a year and has the goal to operate 100 schools by end of 2017.

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 assumed a regulatory role over all universities, both public and private. Also, SUNEDU is responsible for authorizing the establishment of new universities SUNEDU is expected to stop the establishment of low-quality universities by supervising quality of education standards. 

Overall, the educational sector in Peru is heading in the right direction. Its structural defaults are many: high-costs, inadequate services, often poorly qualified teachers, lack of access outside the country’s capital, and, last but far from least, a vast proliferation of unregulated and poorly managed for-profit private universities.

Training
Growth of technical institutions in Peru is strong. Most of them are incorporating new and innovative programs and technical courses. There is a wide spread need from local companies for their young workers to have soft skills. This type of training is not prevalent in Peru currently. No matter the sector, three soft skills always come up: communication skills, problem solving and technological innovation.
Technical education has a fundamental role in the growth of the country by, developing qualified professionals that contribute economic growth. There is a fantastic opportunity for technical training institutions in Peru due to the high demand for qualified technicians.

Sub-sectors
Higher education
Developing a local network is essential to attract Peruvian students. In general Universities in Peru are open to sign agreements with other universities overseas. In 2016, Peru had 142 universities, 31 of which are public and the rest private. Of these, more than 50 are concentrated in Lima. It is important to point out that a proper due diligence is recommended before establishing partnership relations.
“Brain Drain” is a major consequence of the deficiencies within the Peruvian education sector. Many Peruvians with means take advantage of better educational opportunities and employment prospects abroad either in Europe or the US at the first opportunity. American Universities should focus in this niche of students and highlight opportunities for students to promote their professional careers.
Visiting Schools is an effective way to promote American Universities. Students in the upper and upper middle classes mostly decide to study abroad. The most popular country for Peruvians higher education students is Spain at 40% and, in second place is the United States at 13 %.

TRAINING
An opportunity exists within the robust private sector for innovative ventures. Training could be promoted within the private sector focusing on the development of employee capacities. Local consulting firms would be a good partner to promote US training entities.

Research and Development
There is an untapped need for innovative education providers that seek to cut the cost of higher education and, expand geographical reach within Peru, demand exist to innovate and incorporate new methodologies and technologies, and open-up to the rest of the works through coordinated research, work and exchange programs.  The government is seeking to regulate the quality of the educational field and ensure excellence. Not surprisingly, there is a great deal of pressure not only to meet current international standards, but also to innovate.  Thus, many of Peru’s cutting-edge educational institutes are working to incorporate cutting edge technology and methods into their curriculum.
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.
Another opportunity lies in reconstruction caused by natural disaster. Peru’s rainy season falls broadly in the first quarter of every year.  In 2017, Peru experienced ten times the usual rainfall, destroying or irreparably damaging much of Peru’s educational infrastructure. For this reason, MINEDU has projected the need to invest USD 300 Million to rebuild destroyed schools, especially in the northern region of Peru where the effects of flooding were the most severe.

Professional Training Services
An opportunity exists within the robust private sector for innovative ventures. Training could be promoted within the private sector focusing on the development of employee capacities. Local consulting firms would be a good partner to promote US training entities. Soft skills and English language training are high demand. Training for technicians in the automotive sector is also in high demand. The Peruvian Automotive Association is looking for partners to implement their new technical institute in the automotive sector. 
 
Resources
EducationUSA https://educationusa.state.gov/
 
Peruvian Ministry of Education:
Calle Del Comercio 193, San Borja - Lima, Perú
(511) 615-5800
webmaster@minedu.gob.pe
Website : www.minedu.gob.pe   
 
Regional Education Center of Lima
Website: www.drelm.gob.pe 
 
Institute of International Education
Website: www.iie.org/opendoors
 
Sociedad de Comercio Exterior del Perú (COMEXPERU)
Bartolomé Herrera 254, Miraflores
Lima-18, Peru
Tel (511) 625-7700
E-mail: comexperu@comexperu.org.pe 
Website: http://www.comexperu.org.pe 
 
U.S. Commercial Service Contact
Jorge Prado 
Commercial Specialist
jorge.prado@trade.gov
+51 1 618 2296 
http://www.export.gov/peru
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.



Peru Education Trade Development and Promotion