- Economy News
Latest stories, headlines and reports about the Peruvian Economy.
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.
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...
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.
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.