Between 2005 and 2015 GDP grew by an average of 9.9% p.a., or 5.8% when adjusted for inflation. Telecommunications and financial services are the main contributors to the Peruvian economy, however the country still has a long way to go until it fully modernizes.
In recent years, economic activity in the country has benefitted from a favourable international context, particularly from improving terms of trade. The combination of economic modernisation, natural resource abundance and continued improvements in economic governance and political stability are helping Peru to emerge as one of the most stable economies in Latin America.
Report Data: 2015