New policy direction, a test to macroeconomic stability

B2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in August 2021.

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GDP
USD202.0bn (World ranking 47, World Bank 2020)
Population
33.0 mn (World ranking 43, World Bank 2020)
Form of state Constitutional Republic
Head of government Pedro Castillo (President)
Next elections 2026, presidential and legislative
  • Natural resource rich (minerals: copper, silver, gold, zinc, energy, and fishing)
  • Track record of strong macroeconomic policy framework and independence of the central bank
  • Low levels of public debt
  • Strong international reserves and contained external debt
  • Membership of the Pacific Alliance and Andean Community
  • Vulnerability to climatic shocks
  • Strong dependence on Chinese demand and commodity exports
  • Highly skewed income distribution and high poverty levels
  • Dollarization of the financial system
  • Poor governance indicators

Trade structure by destination/origin

(% of total, annual 2020)

Exports Rank Imports
China 30.0%
1
23.3% United States
United States 13.7%
2
17.7% China
Korea, Republic of 6.7%
3
5.7% Argentina
Japan 5.6%
4
5.4% Brazil
Netherlands 4.1%
5
4.9% Mexico

Trade structure by product

(% of total, annual 2020)

Exports Rank Imports
Metalliferous ores and metal scrap 40.1%
1
10.9% Petroleum, petroleum products and related materials
Gold, non-monetary (excluding gold ores and concentrates) 13.4%
2
9.4% Road vehicles
Vegetables and fruits 9.7%
3
5.3% Other industrial machinery and parts
Non-ferrous metals 7.8%
4
5.3% Electrical machinery, apparatus and appliances, n.e.s.
Feedstuff for animals (excluding unmilled cereals) 4.2%
5
5.2% Cereals and cereal preparations
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East