Canadian Housing Market: Engineering a Soft Landing
Peru
Resilient economic fundamentals
•
•
Peru's important resource sectors are
increasingly balanced by stronger service-sector
activity and solid economic fundamentals
Peru has 16 free-trade agreements with 49
countries that account for 66% of global GDP
Investment is making a consistently strong
contribution to GDP, which should make higher
growth rates more sustainable in the future
12.4%
Manufacturing
10.2%
Finance, Insurance,
& Real Estate
31.9%
Other
PERUVIAN
GDP BY
INDUSTRY
(Q1 2019)
20.8%
Transportation,
Information &
Commerce
5.5%
Construction
-14.1%
Contributions to Peruvian GDP Growth
8
y/y % change
6
4
2
0
-2
Net Exports
Inventories
Investment
5.1% Mining & Energy
Natural
Resources
Top 5 Trading Partners
China
31%
Others
34%
-4
Government
Consumption
South
Real GDP
-6
Korea 5%
16
17
18
19
Sources: Scotiabank Economics, Haver Analytics.
Spain
United
States
Brazil
4%
20%
5%
Scotiabank®
40
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