Peru
The original report was published in the Miami Herald on Monday, October 22, 2012
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Agriculture, industry, tourism and finance are driving growth
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Peru is emerging as a priority destination for foreign direct investment due to its strong macroeconomic and legal framework that are highly favorable to foreign participation
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 Peru has been deliberately shifting toward developing technologies and manufacturing more value-added goods Industry has played a major role in the expansion of Peru's economy
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Huge growth forecast for mattress, foam and plastics firm Paraíso del Perú, which has invested almost $30 million in expansion through R&D and innovation
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 General Manager Rafael Venegas predicts greater insurance uptake Rafael Venegas, General Manager of corporate insurance specialist Rimac Seguros, has forecast a GDP of 2.5% for Rimac in the next 10 years
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In Peru, Grupo Graña y Montero (GyM) needs no introduction
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High quality fruit and vegetables from Peru are becoming more commonplace in kitchens around the world, as exports continue to rise
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While Peru is gaining world renown for its exports of fresh vegetables and fruit – such as avocadoes and peppers – another, lesser known side of agricultural production is transforming it into an added-value sector
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 Gerardo Concas, President of Costamar Travel The world might be experiencing financial difficulties, but one sector that continues to thrive is tourism
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 Global fashion traders connect at the PeruModa trade fair The efforts being made at the Commission for the Promotion of Peruvian Exports and Tourism, PromPerú, to raise the country's international profile entered the limelight in September at the World Travel Awards when it was named South America's Leading Tourist Board
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The Lima Stock Exchange (Bolsa de Valores de Lima – BVL) celebrates its 155th anniversary in 2012
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Global demand for inventive pumping solutions from Hidrostal has lead to expansion plans
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 The team at ISM is expanding the group’s global reach The soft drink manufacturer, Industrias San Miguel, has launched a new corporate image of ISM
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The leading Peruvian company in the mass consumption sector aims to be among Latin America's top 250 companies in 2021.
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 President and CEO Roque Benavides Ganoza wants more rural employment Buenaventura (Compañía de Minas Buenaventura, S.A), the largest publicly traded mining company in Peru, is one of the world's major gold and silver producers. Last year, its equity gold production was 1.04 million ounces and total revenues rose 41% to $1.5 billion
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Peru's biodiversity should be a source for medical research in the upcoming years, but like other Latin American countries, Peru is not a strong manufacturer of active ingredients
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 A 2012 international marketing campaign reminds people that ‘Peru is not just the perfect place to lose yourself; it’s also the perfect place to find yourself’ The spectacular beauty that Peru boasts is there for all to see, but the tourism industry is looking at other ways to attract people and the country is preparing for an influx of visitors
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  LOCATION:
Western South America, bordering the South Pacific Ocean, between Chile and Ecuador
AREA:
total: 1,285,216 sq km
CLIMATE:
varies from tropical in east to dry desert in west; temperate to frigid in Andes
TERRAIN:
western coastal plain (costa), high and rugged Andes in center (sierra), eastern lowland jungle of Amazon Basin (selva)
NATURAL RESOURCES:
copper, silver, gold, petroleum, timber, fish, iron ore, coal, phosphate, potash, hydropower, natural gas
POPULATION:
29,549,517 (July 2012 est.)
country comparison to the world: 42
GOVERNMENT TYPE:
constitutional republic
CAPITAL:
name: Lima
INDEPENDENCE:
28 July 1821 (from Spain)
CONSTITUTION:
29 December 1993
LEGAL SYSTEM:
civil law system
GDP - real growth rate:
6.9% (2011 est.)
GDP - composition by sector:
agriculture: 8%
industry: 38%
services: 54% (2011 est.)
AGRICULTURE - products:
asparagus, coffee, cocoa, cotton, sugarcane, rice, potatoes, corn, plantains, grapes, oranges, pineapples, guavas, bananas, apples, lemons, pears, coca, tomatoes, mangoes, barley, medicinal plants, palm oil, marigold, onion, wheat, dry beans; poultry, beef, pork, dairy products; guinea pigs; fish
INDUSTRIES:
mining and refining of minerals; steel, metal fabrication; petroleum extraction and refining, natural gas and natural gas liquefaction; fishing and fish processing, cement, glass, textiles, clothing, food processing, beer, soft drinks, rubber, machinery, electrical machinery, chemicals, furniture
EXPORTS:
$46.27 billion (2011 est.)
IMPORTS:
$36.97 billion (2011 est.)
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