Do you want to export to Peru? Start by using the Country Commercial Guide, a trusted resource for companies at every level of exporting experience. Our guides are produced by trade experts at U.S. embassies and consulates in more than 140 countries. They provide insights into economic conditions, leading sectors, selling techniques, customs, regulations, standards, business travel, and more. Read the overview below, and continue using the left navigation tool.
Last Published: 9/30/2019

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Peru continues to lead Latin America as one of the fastest growing economies in the region, with an average annual growth rate of 5 percent per year between 2005 and 2017.  The government recently cut its 2019 growth projections to under 3 percent based on slowing natural resource demand, lower commodity prices and reduced public investment, but projects an uptick to 4 percent in 2020. Peru’s export-oriented growth model, coupled with its mining and agricultural sectors, continues to produce solid growth despite Peru’s ongoing challenges in reducing corruption, increasing productivity, and improving infrastructure. The central government has initiated plans for Public-Private Partnership infrastructure projects and announced an updated catalog of 51 projects valued at $ 9.2 billion, to be realized between 2019 and 2022 (ProInversion). As the economy has grown, poverty in Peru has steadily decreased, falling by more than half. According to the Peruvian Informatics and Statistics Agency (INEI) poverty levels fell from 56% in 2005, 21.7% in 2017 and 20.5% in 2018. Peru’s steady economic growth began with the pro-market policies enacted by former President Alberto Fujimori in the 1990s. All subsequent governments have continued those policies, including current President Martín Vizcarra. Peru’s currency, the Sol (PEN), has been among the least volatile of all Latin American currencies in the past few years. Since the mid-1990’s, the PEN’s exchange rate with the USD has fluctuated between 1.25 and 3.55. The PEN averaged 3.35/USD on September, 2019. In its Doing Business 2019 publication, the World Bank ranked Peru 68th among 190 countries surveyed in terms of ease of doing business. The report rates the ease of processes like starting a business, dealing with construction permits, registering property, and obtaining credit. For the complete report please see Doing Business in Peru.

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