Mining riches and political rifts

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 December 2024.

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Form of state Constitutional Republic
Head of government Dina Boluarte (President)
Next elections 2026, presidential and legislative
Strenghts
  • Peru boasts a low public debt-to-GDP, a credible central bank and large foreign reserves, creating a stable foundation for long-term growth.
  • High demand for copper, gold and fruits, along with a robust mining sector, sustain export revenues and attract investment.
  • Strategic infrastructure projects and steady private investment highlight Peru's long-term economic potential.

 

Weaknesses
  • Corruption allegations and weak governance undermine confidence, with succession risks looming over the administration.
  • Rising public spending, contingent liabilities and populist measures threaten fiscal discipline.
  • Heavy dependence on volatile commodity markets, long-lasting poverty and a vast informal economy hinder sustainable growth.
(% of total, 2023)
(% of total, annual 2023)