Lewes, DE -- (SBWire) -- 06/12/2019 --Peru's economic growth is expected to perform below potential than 2018. However important sectors of the economy depended to domestic demand, continue to show signs of recovery and would gradually close the output gap. Peru's mining dependent economy will look for expanded production in 2019.
Peru is a country of desserts, beautiful mountains and huge forests, with its capital city Lima., Peru is the third largest and the fourth most populated country in South America (after Brazil, Colombia, and Argentina). It is usually divided into three natural regions, the Coast, the Highlands, and the Jungle. Peru got its UN membership date on 31st October 1945.
Peru had an estimated population of 31.14 million in the year 2015 and expected to reach 33.59 million by 2022. Peru's 6.44% of the total labor force was unemployed during 2015, which we further expected to reach 7% of the total labor force by 2022.
Peru's GDP deflator was around 131.31 Per capita GDP was estimated at USD 6198.61 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 12903.09. In 2016, the Peru government's revenue was sol 122.961billionswhereas the expenditure was sol 138.366 billion. This resulted in the government's net lending/borrowing which was negative –sol 15.405 billion in 2016 indicating a negative and adverse situation of the economy.
The current account balance for Peru was estimated to be at sol -5.463 billion for the year 2016 which indicates a negative scenario for the economy. It is expected that in coming years the situation will remain the same. The government net debt is also expected to grow to sol 127.92 billion till 2022 from sol 49.61 billion from 2016. This indicates the weak economic condition of Peru.
The negative and is expected to grow at a CAGR of 0.56% and reach USD 291.342 by 2022. This positive current account balance indicates Peru is a net lender to the whole world.
Scope of Peru – PESTLE Analysis Report
- This report provides information about key macroeconomic indicators for Peru.
- This report provides PESTEL (political, economic, social, technological, environmental and legal) analysis for Peru.
For more information and to purchase Peru PESTLE Analysis & Macroeconomic Trends Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/peru-pestle-analysis-macroeconomic-trends-market-research-report
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