As his last official act before resigning from office last Wednesday former Peruvian President Pedro Pablo Kuczynski made good on one of his electoral promises and signed a supreme degree which increases the minimum wage in Peru.
According to the latest report from the Peruvian National Society of Mining, Oil and Energy (Sociedad Nacional de Minería, Petróleo y Energía – SNMPE) Peru was the largest gold producer in Latin America mining 151 metric tons of the precious metal in 2017.
According to the latest United Nations Office on Drugs and Crime (UNODC) report the production of coca leaves in Peru increased by 10% from 96,304 tons of sun dried coca leaves in 2015 to 105,960 tons in 2016.
Peru’s economy developed into one of the strongest and fastest growing in Latin America since the new millennium. But as Lima’s Chamber of Commerce (CCL) through its Institute of Economy and Company Development (IEDEP) informed yesterday still 11.7 million people in Peru worked in the informal sector in 2016.
Recently INEI, Peru’s National Institute of Statistics, published in its latest Employment Report for the time period March to May 2017 the newest numbers regarding the employment market in Lima; data for whole Peru unfortunately is rare and hard to come by.
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.