BERTRAND MALLET - Inchcape
BERTRAND MALLET - Inchcape
BERTRAND MALLET - Inchcape
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Peru Commercial OverviewHigh growtheconomyAvoidedrecessionGDP CAGR 2003-2007 was 15%.In 2009 GDP was flat and grew again in2010 by 20.4% YOYGrowth fuelledby exports and agrowing internalmarketHigh andgrowingpopulationEmerging middleclassHigh level of natural resources in Peru(mining, oil and gas), as well as strongagricultureIn addition, healthy development of privateconsumptionPopulation of almost 30m in 2010, forecastto grow rapidly over the next 5 yearsAfter a decade of high economic growth,Peru’s middle class is starting to develop,although mostly in LimaGDP growth(CAGR)Population(CAGR)2003-07 2008-09 2010-1515.0% 0.1% 8.1%1.7% 1.5% 1.5%Inflation 2.4% - 3.9% 6.76% - 0.2% 2.8% - 2%Peru is one of the most dynamic economies in South AmericaSource: IMF