Sturdy fundamentals, political headwinds
B2
MEDIUM RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2024.
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GDP |
|
|
Population |
|
|
Form of state | Constitutional Republic | |
Head of government | Dina Boluarte (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 2022)
Exports | Rank | Imports |
---|---|---|
China
32.5%
|
1 |
23.6%
United States
|
United States
12.5%
|
2 |
15.8%
China
|
Japan
5.1%
|
3 |
5.9%
Argentina
|
Korea, Republic of
5.1%
|
4 |
5.5%
Brazil
|
India
4.7%
|
5 |
5.1%
Mexico
|
Trade structure by product
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Metalliferous ores and metal scrap
36.5%
|
1 |
17.1%
Petroleum, petroleum products and related materials
|
Gold, non-monetary (excluding gold ores and concentrates)
13.4%
|
2 |
7.4%
Road vehicles
|
Vegetables and fruits
9.4%
|
3 |
5.6%
Cereals and cereal preparations
|
Non-ferrous metals
8.1%
|
4 |
4.8%
Iron and steel
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Gas, natural and manufactured
6.8%
|
5 |
4.3%
Other industrial machinery and parts
|
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