Economy News

According to the Global Wealth Report 2017 compiled by The Boston Consulting Group (BCG) 31 families in Peru own US$ 12.296 billion (12,296,000,000) which is about 13% of the country’s total financial wealth.

Over the past decade poverty could be reduced significantly in Peru. According to a recent press release from INEI, Peru’s National Institute of Statistic, 20.7% of Peruvians were considered poor in 2016; that are about 6.5 million people living from S/ 328 or less (about US$ 100) per month.

Bodegas? Over 400,000 wineries in Peru? No! While there is a not insignificant wine industry in the country, in Peru the term bodega refers to small, mostly family-run corner shops you find in every neighborhood across the country.

According to José Manuel Hernández, Peruvian Minister of Agriculture and Irrigation, Peru is the leading producer of potatoes in Latin America.

After attending the APEC’s (Asia-Pacific Economic Cooperation) Ministers Responsible for Trade Meeting, held last weekend in Hanoi, Vietnam, Peruvian Foreign Trade and Tourism Minister Eduardo Ferreyros headed to Australia to continue working on eliminating trade barriers and facilitating interna...

In the first quarter of 2017, Peruvians living abroad send a total of US$706 million to relatives in Peru, an increase of 5.1% from the same period in 2016.

Years of an unstable economy, unpredictable financial policies and high- and hyper-inflation rates in the 20th century taught Peruvians not to trust their currency. Those who had the means substituted their savings in local currency for Dollar holdings.

The latest edition of Aptitus, one of the biggest print and online job markets in Peru, shows a quite interesting list of how much money people earn in the different positions dedicated to sales in large Peruvian companies.

Over the past week politicians, local and international experts and many more speculated about how much it will cost to rebuilt Peru after the devastating destruction rains, floods and landslides caused across the country.

While for centuries Peruvian exports were mainly based on the mining and fishmeal industry, over the past 20 years Peru’s agricultural products increasingly gained popularity around the globe.