BUSINESS OPPORTUNITIES IN PERU
GYCS M. GORDONDIRECTORCOMMERCIAL OFFICE OF PERU IN GERMANY
OCTOBER 2015
1. Internationally acknowledged macroeconomic soundness
WHY INVEST IN PERU?
2. Friendly investment environment
3. Open trade and market access policy
4. Attractive sectors to Invest
MACROECONOMIC SOUNDNESS
Peruvian economy grew rapidly in the last decade …
Real GDP, 2004-2016*(%Variation)
Source: Central Reserve Bank of Peru
• Estimated figures of BCRP (Inflation report as of May 2015)
1. MACROECONOMIC SOUNDNESS
GDP, 2004-2016*(US$ Billion)
69.779.4
92.3
107.3
126.9 127.0
153.8
176.6
199.6 202.3 202.6 203.7
220.2
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016*
5.0
6.3
7.5
8.5
9.1
1.0
8.5
6.5
6.0 5.8
2.4
3.9
5.3
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016*
… and continues leading regional growth allowing the GDP per capita to exceed
the global average by 2020…
Source: IMF / * in Peru case, source: BCRP
Real GDP – Forecasts for Latin America 2015-2016(Annual Average Variation %)
1. MACROECONOMIC SOUNDNESS
4,000
6,000
8,000
10,000
12,000
14,000
16,000
1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 2020
World
Latin America
& The
Caribbean
Peru
GDP per capita, PPP($ International constant prices of 2005)
-0.5
1.8
3.7
3.7
4.5
4.6
Venezuela
Brazil
Mexico
Chile
Colombia
Peru*
ESTABILIDAD MACROECONÓMICA1. MACROECONOMIC STABILITY
Economic growth has been driven by an increase in private investment…
Private Investment 2004-2016* (Variation %)
Private Investment 2004-2016* (US$ Billion)
1. MACROECONOMIC SOUNDNESS
Source: BCRP
* BCRP Estimated figures (Inflation report May 2015)
8.1
12.0
20.1
23.3 23.9
-9.1
25.9
11.0
15.6
6.5
-1.6
1.0
4.4
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*
2016
*
9.210.7
13.2
17.1
23.621.3
28.5
32.7
39.3
42.1 42.1 41.3
44.0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*
2016
*
ESTABILIDAD MACROECONÓMICA1. MACROECONOMIC STABILITY
… which today represents almost 20% of GDP …
Private Investment 2004-2016* (% of GDP)
1. MACROECONOMIC SOUNDNESS
Total investment – LATAM 2013(% of GDP)
Source: International Monetary Fund and figures of Central Reserve Bank Source: Central Reserve Bank of Peru
* Estimated figures of BCRP (Inflation report as of May 2015)
13.8 14.3 15.016.8
19.417.6
19.2 19.220.4 20.8 20.8 20.3 20.0
2.93.1
3.2
3.5
4.55.7
5.94.8
5.45.8 5.1 5.1 5.2
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*
2016
*
Inversión Privada
Inversión Pública25.9
24.4
21.5 21.9
20.0
Perú Colombia Chile México Brasil
Public Investment
Private Investment
Peru Colombia Chile Mexico Brazil
ESTABILIDAD MACROECONÓMICA1. MACROECONOMIC STABILITY
Investment announcements have increased
1. MACROECONOMIC SOUNDNESS
Announcement of Private Investment projects 2015-2017
(US$ million )
Source: Inflation report, May 2015
Total Investment N° Projects
Mining 14,408 34
Hydrocarbons 7,224 22
Electricity 4,617 34
Industry 2,408 14
Infrastructure 4,057 24
Other Sectors 7,370 109
Total 40,084 237
ESTABILIDAD MACROECONÓMICA1. MACROECONOMIC STABILITY
… Peru is an attractive market for foreign investment, which
recorded $ 9 billion in 2014
Foreign direct investment flow 2004 – 2016*(US$ Billion)
1. MACROECONOMIC SOUNDNESS
Foreign direct investment – LATAM 2014(% GDP)
Source: IMF and UNCTAD
* In the case of Peru the BCRPSource: BCRP
* Estimated figures BCRP ( inflation report , May 2015)
1.6
2.6 3.5
5.5
6.9 6.4
8.5 8.1
12.3
9.3
7.89 7.62
5.62
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*
2016
*
8.9%
3.9%
2.7% 2.7%
1.8% 1.6%
Chile Perú LAC Brasil México ColombiaChile Peru LAC Brazil Mexico Colombia
Furthermore, the domestic demand is strengthening …
1. MACROECONOMIC SOUNDNESS
Real domestic demand 2004–2016*(real annual Var. % )
Imports of vehicles for private use(US$ million)
8 Times
Imports of domestic assets /1(US$ million)
4 Times
Source: SUNAT and MEF
Estimated figures
1/ Includes imports of refrigerators, television, washing machine and electrical appliance.Source: Central Reserve Bank of Peru and MEF
Estimated figures BCRP (Inflation report, May 2015)
230.6
1,961.1
2004 2014
433.9
1,634.6
2004 2014
2.7
4.2
11.412.1
13.6
-3.3
14.9
7.7 8.07.0
2.2
3.84.4
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*
2016
*
ESTABILIDAD MACROECONÓMICA1. MACROECONOMIC STABILITY
This is complemented by a dynamic commercial trade…
Balance of Trade 2004-2016* (US$ million)
1. MACROECONOMIC SOUNDNESS
Source: BCRP
* Estimated figures BCRP ( Inflation report, May 2015)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016*
Exportaciones 12,809 17,368 23,830 28,094 31,019 26,962 35,565 46,268 46,228 42,177 39,533 36,326 40,099
Importaciones 9,805 12,082 14,844 19,591 28,449 21,011 28,815 36,967 41,113 42,217 40,809 38,019 40,598
Balanza Comercial 3,004 5,286 8,986 8,503 2,569 5,951 6,749 9,301 5,115 -40 -1,276 -1,693 -499
12,809
17,368
23,830
28,09431,019
26,962
35,565
46,268 46,228
42,17739,533
36,326
40,099
(3,000)
1,000
5,000
9,000
13,000
17,000
21,000
25,000
29,000
33,000
37,000
41,000
45,000
49,000
Exports
Imports
Trade Balance
ESTABILIDAD MACROECONÓMICA1. MACROECONOMIC STABILITY
… we see diversification, both in products and markets
1. MACROECONOMIC SOUNDNESS
Source: Central Bank of Reserve of Peru
Traditional Exports(commodities)(US$ million)
6 veces
Non-Traditional Exports(US$ million)
Main trading partners
2004
2014
3 times
0
5000
10000
15000
20000
25000
30000
2004 2009 2014
Otros
Plomo
Petróleo
Oro
Cobre
Others
Lead
Oil
Gold
Copper
0
2000
4000
6000
8000
10000
12000
14000
2004 2009 2014
Otros
Químicos
Textiles
Agro
3 times Others
Chemical
Textile
Agro
LAC29%
USA25%
Euro Zone15%
China12%
Asia11%
Others4%
Rest of Europe
4%
China22%
USA19%
LAC22%
Euro Zone14%
Asia13%
Rest of Europe
5%
Others5%
... all this, in a frame of macroeconomic stability, Peru records the lowest
inflation rate at a regional level….
1. MACROECONOMIC SOUNDNESS
Source: Central Bank of Reserve of Peru,IMF
CPI – Latin America 2003- 2013(Annual Average Variation %)
CPI – Latin America 2014(Annual Average Variation %)
2.93.2
4.24.4
5.9
Perú Chile México Colombia BrasilBrazil
3.2 3.3
4.04.2
6.2
Perú Colombia México Chile BrasilBrazil
100
200
300
400
500
600
700
800
900
F-1
5
O-1
4
M-1
4
J-14
S-1
3
A-1
3
D-1
2
A-1
2
A-1
2
D-1
1
A-1
1
M-1
1
N-1
0
J-10
M-1
0
O-0
9
J-09
F-0
9
O-0
8
M-0
8
J-08
Spread - Perú (pbs)
Spread - AmericaLatina (pbs)
60
70
80
90
100
110
120
130
140
E-0
4
S-0
4
M-0
5
E-0
6
S-0
6
M-0
7
E-0
8
S-0
8
M-0
9
E-1
0
S-1
0
M-1
1
E-1
2
S-1
2
M-1
3
E-1
4
S-1
4
Perú
Chile
Colombia
México
… has maintained stable exchange rates and a level of risk under the regional
average
Exchange Rate in Latin America 2004-2014(Index, Base year 2005 = 100)
JP Morgan EMBI+ (Basic points)
1. MACROECONOMIC SOUNDNESS
Source: CEPAL
Peru
Mexico
Spread Peru (pbs)
Spread LATAM (pbs)
Source: BCRP
44.541.7
33.9
29.9
26.9 27.224.3
22.120.4 19.6 20.0 20.1 20.0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*
2016
*
13.9
20.0
34.0
46.248.0 48.9
65.8
Chile Perú Colombia Venezuela México Argentina Brasil
Peru maintains a healthy level of debt…
Public Debt– Peru 2004-2016*(% of GDP)
1. MACROECONOMIC SOUNDNESS
Public Debt– Latin America 2014(% of GDP)
Source: IMF and BCRP
Source: Central Bank of Reserve of Peru
*Estimated figures, BCRP (Inflation report May 2015)
Chile Peru Colombia Venezuela Mexico Argentina Brazil
… and has accumulated international reserves for a third of the GDP
Net International Reserves ( US$ Billion)
1. MACROECONOMIC SOUNDNESS
Source: Central Reserve Bank of Peru
*Up to July 01, 2015
NIR Adequacy Indicators
Source: BCRP. Inflation report May 2015
*Projection
2005 2010 2015*
NIR (% del GDP) 19.0 29.7 29.6
NIR (% short -term foreign debt) 292.7 506.9 564.0
RIN (% Short-term Foreign Debt plus Current Account deficit)
385.5 360.2 323.2
12.6 14.117.3
27.731.2
33.1
44.1
48.8
64.065.7
62.359.8
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*
84
85
90
100
110
127
131
México
Chile
Colombia
Uruguay
Bolivia
Paraguay
Perú
Source: Standard & Poor`s, Fitch Ratings and Moody´s.
Updated as of July 2015
1. MACROECONOMIC SOUNDNESS
Peru earned the investment grade and investor´s confidence by practicing a responsible political economy
Investment gradeLatin America benchmarking
Country S&P Fitch Moody´s
Chile AA- A+ Aa3
Peru BBB+ BBB+ A3
Mexico BBB+ BBB+ A3
Brazil BBB- BBB Baa2
Colombia BBB BBB Baa2
Bolivia BB BB Ba3
Ecuador B+ B B3
Venezuela CCC CCC Caa3
Argentina SD RD Caa1
Countries with the best investment climateSouth America comparison
Source: Getulio Vargas Foundation (January 2015)
FRIENDLY INVESTMENTENVIRONMENT
Non discriminatory treatment: Foreign investors receive the same treatment as local investors.
Unrestrictive access to most economic sectors *.
Free transfer of capital.
Free competition.
Guarantee for Private Property.
Freedom to purchase stocks from locals.
Freedom to access internal and external credit.
Freedom to collect royalties.
Network of investments agreements and member of ICSID and MIGA.
Peru participates in the Investment Committee of the Organization for Economic Co-operation and Development (OECD) – It promotes the implementation of the Guidelines for Multinational Enterprises.
*Investments that require authorization: Located within 50 km in the frontier line and those destined to arms, ammunitions and explosive. Likewise, a principal local partner
for investments in maritime cabotage as well as in air transport is required.
2. FRIENDLY INVESTMENT ENVIRONMENT
Peru offers a favorable legal framework for foreign investment:
INVESTORS
Stability of regulations regarding nondiscriminatory treatment.
Stability of income tax regime applicable todividends.
Stability to use freely the most favorableexchange rate available in the market.
Stability of the free availability andremittance of foreign currency, dividendsand royalties regime.
Requirement: Minimum investment of US$ 5 million in any economic sectors. US$ 10 million for hydrocarbon and mining sectors.
Validity: 10 years. Concessions: Term according to the contracts life (Max. 60 years).
RECEIVING COMPANY
Stability of the recruitment regimes.
Stability of the regimes for the promotionof exports.
Stability of the Income Tax Regime
2. FRIENDLY INVESTMENT ENVIRONMENT
Special Regimes: Legal Stability Agreements
Regime whereby the Peruvian Government guarantees:
Granting the return of the Value Added Tax during the pre-productive stage of theproject (minimum 2-year term).
Applicable to all economic sectors
For agricultural activity it is not necessary to meet a minimum investment amount. Forother activities the minimum investment amount is US$ 5 million.
The project can be divided into stages, phases or similar.
Special Regime: VAT Anticipated Recovery.
Regime whereby the Peruvian Government grants the following benefits:
2. FRIENDLY INVESTMENT ENVIRONMENT
A steady tax regime:
2. FRIENDLY INVESTMENT ENVIRONMENT
Tax Applicable Rate
INCOME
Corporate profits
28.0% (2015-2016)
27.0% (2017-2018)
26.0% (2019 henceforth)
Agriculture and agribusiness 15%
Dividends
6.8% (2015-2016)
8.0% (2017-2018)
9.3% (2019 henceforth)
Royalties 30.0%
Interest rate on loans from abroad 4.9%
Value Added Tax (VAT) 18.0%
Financial Transactions Tax 0.005%
Temporary to net assets, applicable to the
excess of S/. 1 000 0000.4%
120
157
82
124
162
123
34
115
41
35
182
Argentina
Uruguay
Bolivia
Brasil
Surinam
GuyanaVenezuela
Colombia
Perú
Chile
Ecuador
Peru ranks second in the region in the improvement of business regulations.
.
Doing Business 2015
2. FRIENDLY INVESTMENT ENVIRONMENT
Continuous effort to facilitate the establishment and operation of business
Position Country
1 Colombia
2 Peru
3 Mexico
4 Chile
5 Uruguay
92
Paraguay
Peru has signed and currently has in force Agreements for the Promotion and Reciprocal Protection of Investmentand Trade Agreements of further scope that includes investment chapters that underpin our liberalization policy.
Australia China 1
Korea 1
Malaysia Singapore 1
Thailand Japan
Argentina Bolivia Chile 1
Colombia Ecuador Paraguay Venezuela
Cuba El Salvador Costa Rica 1
Panama 1
European Union 2
European Association of free Trade (Iceland, Liechtenstein, Switzerland and Norway) 1
Canada 1
United States1
Mexico 1
(1) Trade agreements
(2) Trade Agreement. Besides , Peru has Investment bilateral agreements with Germany, Belgium, Luxemburg, Denmark, Spain, Finland, France,
Holland, Italy, Portugal, United Kingdom, Check Republic, Sweden and Switzerland.
Investment Agreements
It has also signed 8 agreements to avoid double taxation with Andean Community, Brazil, Chile, Canada, Korea, Mexico, Portugal and Switzerland.
2. FRIENDLY INVESTMENT ENVIRONMENT
OPEN TRADE AND MARKET ACCESS POLICY
3. OPEN TRADE AND MARKET ACCESS
POLICY
An open trade policy sustained over time
Evolution of nominal and effective tariff; and tariff dispersion 1993 – 2013
Source:MEF
Notes:
1) Affective Tariff= (Amount of total revenue Ad valoren CIF / Total Amount of CIF Imports)*100.
2)Tariff Dispersion= Standard Deviation
Reduced tariff structure with low tariff dispersion
Source: SUNAT – MEF
3. FRIENDLY INVESTMENT ENVIRONMENT
LEVELS OFAD VALOREM
TARIFF LINES 2/
NUMBER PROPORTION (%)
0 4,224 55.9%
6% 2,538 33.6%
11% 792 10.5%
Total 7,554 100 %
EFFECTIVE AVERAGE TARIFF % 3.2
EFFECTIVE TARIFF % 1.1
STANDARD DEVIATION % 3.8
OPEN TRADE AND MARKET ACCESS POLICY
Working to become a globalized economy,with preferential access to the world’s largest markets
These countries stand for enlarged
market of over 4 billion people with a
joint GDP over US$ 56 trillion
96% of Peruvian exports
INVESTMENTOPPORTUNITIES INATTRACTIVE SECTORS
AGRIBUSINESS SECTOR
Natural greenhouse.
High agricultural yields: Sugarcane (2nd),Asparagus, Olives (3rd), Artichokes (4th), Grapes(6th) and Avocado (11th).
Seasonal windows in major markets.
The 100,000 ha of land currently devoted toagricultural exports are expected to double as aresult of large agricultural irrigation and expansionexisting projects.
More than US$ 5.000 billion in exports of freshand processed products to more than 150countries.
Organic and Natural Products with high exportpotential.
1,1261,339
1,7941,973
2,5992,462
3,178
4,525
4,178
4,219
5,063
-
1,000
2,000
3,000
4,000
5,000
6,000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Tradicionales
No tradicionales
Total
Traditional
Non-Traditional
Total
Agricultural Exports (FOB US$ Million)
Agricultural exports according to Target Market – 2013
AGRIBUSINESS SECTOR
Source: ADEX Data Trade., BCRP.
USA29% The
Netherlands
11%
Germany8%
Spain6%Ecuador
5%
United Kingdom
4%
Colombia3%
China3%
Canada3%
Others28%
MANUFACTURING INDUSTRY
During 2010 the Manufacturing sector recordedan annual economic positive growth rate of lessthan 2.0%, down to their lowest level , (-3.29)during 2014.
There are different causes, among them we canemphasize the international situation and thedrastic reduction on the capture of hydrobiological species.
Significant recovery is estimated since thesecond quarter of 2015 by the internal marketdynamics at the beginning of several works ofthe large projects of infrastructure granted inconcession in recent years
MANUFACTURING INDUSTRY
Source: ASOCEM , PRODUCE
42,783.645,963.3
35,621.5 34,998.937,311.7
0
10,000
20,000
30,000
40,000
50,000
2003 2006 2009 2012 2013
Production of Cotton Fabrics(thousands of meters)
80.5
107.2
153.1169.7
182.1
0
50
100
150
200
2003 2006 2009 2012 2013
Production of Steel(thousands of tonnes)
5,7827,166
9,84710,527 10,675 11,051
0
2,000
4,000
6,000
8,000
10,000
12,000
2006 2009 2012 2013 2014 2015*
*Estimated data
Cement Production(thousands of metric tonnes)
MINING SECTOR
Polymetallic country, second in the world forcopper reserves, third in zinc, and first in silver.
13.61% of the land is subject to miningconcessions, and only 1.25% of the land is takenfor mining exploration and exploitation.
In the world: Third producer of copper, silver, tinand zinc worldwide. In Latin America: Firstproducer of gold, zinc, tin and lead. And 2nd ofcopper, silver and molybdenum.
In 2014, investment in mining reached a value ofUS$ 8,643 million.
Peru is one of the few countries in the world withnon-metallic mineral deposits, includingdiatomite, bentonite, limestone and phosphate.
MINING SECTOR
42.59%
34.07%
6.13%
2.08%
7.59%
2.15%3.72% 1.55%
0.10%
Share on Exports, by Mineral -December 2014
Cobre
Oro
Zinc
Plata
Plomo
Estaño
Hierro
Molibdeno
Otros
Copper
Gold
Zinc
Silver
Lead
Tin
Iron
Molybdenum
Others
1610 1249 17082822
4069
7243
8503
97198643
0
2000
4000
6000
8000
10000
12000
1 2 3 4 5 6 7 8 9
Mining Investments- December 2014 (US$ Millions)
Source: MINEM. Sub Mining Sector Statistical Bulletin. December 2014.
Elaborated by: ProInversión
Source: MINEM. Mining Statistical Bulletin. Annual report 2013.
Elaborated by: ProInversión
ENERGY SECTOR
Great energy potential: The wide availability of waterresources and natural gas has enabled to meet thegrowing electricity demand in the country.
In 2014, 92% of the population had access toelectricity.
The 2013 energy matrix comes principally from hydrogeneration (52%) and natural gas (46%). The remaining2% comes from other renewable sources.
Resources to be discovered and exploited: There areother renewable energy sources to be explored such assolar, wind, biomass and geothermal sources.
Energy production has grown at an average rate of 6.7%in the past 10 years, led by thermal generation, whichgrew by an average annual rate of 14.6%, while hydroenergy grew 2.7%.
The main economic groups of power generation are:Endesa, GDF Suez, Globeleq , Statkraft and Duke Energy.
ENERGY SECTOR
Power installed in the electricmarket by technology (MW)
Source: MINEM. Executive Electricity Yearbook 2013.
Hydraulic
Thermal
Solar
Hydraulic
Thermal
Share in the energetic matrix
Source: MINEM. National Energy Plan2014-2025.
PETROCHEMICAL SECTOR
In 2013, natural gas production totaled 430.559 millioncubic feet, driven by growing demand from power plants,increased consumption of natural gas vehicles (NGV),domestic and commercial.
Peru is the only sustainable source of natural gas in theSouth American Pacific.
Peru has oil fields that have not been explored (29.97million ha), making it a potential petrochemical hub.
The petrochemical industry is integrated with theproduction of natural gas and other liquid hydrocarbons,creating a significant added value.
Among the products produced by the petrochemicalindustry are Final fertilizers, plastics and detergents.
Investment opportunities for US $ 6.500 million for theconstruction of 2 floors of ammonia, 1 level of ammoniumnitrate, urea, ethylene and polyethylene.
PETROCHEMICAL SECTOR
Fiscal Production of Natural Gas, 2005-2014
Source: Peru – Petro Statistics
Fiscal Production of Oil2005-2014
0
5,000
10,000
15,000
20,000
25,000
30,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Northeast 7,071 7,158 7,664 9,159 9,731 9,528 9,808 9,545 9,123 9,112
Continental Shelf 3,922 4,556 4,367 4,806 5,075 5,737 5,329 5,527 4,722 5,717
Rainforest 16,548 16,601 16,116 14,063 11,121 11,267 10,246 9,323 9,111 10,467
Total 27,541 28,315 28,147 28,028 25,927 26,532 25,383 24,395 22,956 25,296
Mill
ion
s o
f C
ub
ic F
ee
t
0
5,000
10,000
15,000
20,000
25,000
30,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Northeast 7,071 7,158 7,664 9,159 9,731 9,528 9,808 9,545 9,123 9,112
Continental Shelf 3,922 4,556 4,367 4,806 5,075 5,737 5,329 5,527 4,722 5,717
Rainforest 16,548 16,601 16,116 14,063 11,121 11,267 10,246 9,323 9,111 10,467
Total 27,541 28,315 28,147 28,028 25,927 26,532 25,383 24,395 22,956 25,296
Tho
usa
nd
s o
f B
arre
ls
Important cultural destination for archaeological sitesof the Inca and pre-Inca cultures.
• Machu Picchu was voted one of the New 7 Wondersof the World.
Diversity of natural settings.
Destination for bird and orchid watchers.
Lima is considered the gastronomic capital of LatinAmerica.
Important investment by internationally renownedhotel chains.
Increased connectivity of the Peruvian air marketwith increased weekly frequencies in internationalflights to allow more connections and destinations,with more and better travel options.
Investment Opportunities in the 8 priority destinations: Northern Beaches, Amazon River, Amazonas, Kuelap, Moche Route, Lima, Nazca, Paracas, Colca Valley and Puno-Lake Titicaca.
TOURISM SECTOR
Source: MINCETUR
*Preliminary figures
Tourist arrivals(Thousands of people)
Tourist Arrivals by region of origin –2014*
TOURISM SECTOR
1,350
1,5711,721
1,9162,058
2,1402,299
2,598
2,846
3,164
3,858
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014*
South America55.4%
North America20.2%
Europe16.9%
Asia4.2%Central
America1.5%
Oceania1.5%
Africa0.1%
Not specified
0.2%
The average GDP growth in the constructionperiod January to December 2014 is 1.68%.
The slowdown in the economy reduced thedemand in properties that were registered until2013. Nevertheless in the past year the largestinvestment of the sector were directed to theconstruction of shopping centers.
In order to facilitate the access to a property –nationwide – the Ministry of Housing andConstruction has implemented the followingPrograms and Products:
• New Credit My Housing Fund
• My Construction
• My materials
• Own Roof
• Bonus structural reinforcement
• My house More
• My field
REAL ESTATE
8,566
12,020 13,144
16,011
19,952
24,461
29,664
34,184
2007 2008 2009 2010 2011 2012 2013 2014**
Créditos Hipotecarios brindados por el Sistema Financiero 2007-2014
(Miles de Soles)*
7600
3000 2900
470 440 400
UNACEMS.A.A.
Yura S.A. C.Pacasmayo
S.A.A.
C. Sur S.A. C. Selva S.A. Caliza C.Inca S.A.
Producción de Cemento – capacidadinstalada por empresa 2014
(Miles de TM/Año)
REAL ESTATE
Peru: Installed Cement Production Capacity
by Company, 2014
(Thousands of Metric Tons / Year)
Mortgage Loans provided by the Financial System 2007-2014*
(US$ Million)
Source: ASOCEM- Association of Cement Producers(*) Includes loans in soles and dollars (**)The municipal Savings information of 2014 is up to NovemberSource: Superintendency of Banks and Insurance
SERVICES - OUTSOURCING
The lowest labor costs per operator in Latin America(US$ 270), a factor that accounts for 60% of operatingcosts in contact centers.
Presently, contact centers represent 23,063 positionsgenerating 36,479 direct jobs. In 2012 exports grew by12%.
Exports of services from contact centers, data processing,computer application and programs and the likes are notsubject to VAT.
Availability of technology requirements and low realestate costs.
The implementation of the Data Protection Act (passed in2011) will strengthen the position of companies in thesector and will open new opportunities for the generationof larger business concerns.
SERVICES - OUTSOURCING
Exportación de Servicios de
Centros de Contacto
Principales mercados 2012
Europe50.51%
North America5.65%
Central America1.13%
South America26.96%
Others15.75%
Source: Survey and Standardization of Data of Export Services
2012
Centros de Contacto
Principales sectores atendidos 2012
3%
3%
9%
19%
19%
22%
25%
31%
41%
75%
81%
Educación
Medios de comunicación
Turismo y hospitalidad
Gobierno
IT
Industria y Gran Consumo
Utilities
Salud
Retail
Banca, servicios financieros y seguros
TelecomunicacionesTelecommunications
Banking, Financial Services
Health
Industry and Consumerism
Government
Tourism and Hospitality
Means of Communication
Education
Source: Survey and Standardization of Data of Export Services
2012
TRANSPORT INFRASTRUCTURE
Peru has prioritized the development of transportinfrastructure (road, rail, port and airport) toincrease competitiveness and set a logistics hub thatintegrates Latin America, the economic region ofAsia - Pacific.
In this perspective the investment commitments inconcessions of the sector, in 31 projects are aroundUS$ 13,755 billion, creating its modernization, withreduced logistics costs and boosting via TLC, Peru'sintegration with global markets in more competitiveconditions.
The developed infrastructure will be complementedby new investments planned by 2016, the ERM,having previously realized projects over US$19,290million (APP and public works); representingsignificant investment opportunities for contractorsand operators.
TRANSPORT INFRASTRUCTURE
New Investments in Transport Infrastructure
Programmed for 2015-2016
Source: MTC Production: ProInversión
(1) Includes public works and concessions.
(2) Development of Waterway System of the Amazonía, on the Rivers Ucayalí, Huallaga, Marañon and Amazonas. Estimated amount.
(3) Comprises the Concession of the New International Airport of Chinchero - Cusco. Estimated Amount.
(4) Committed investment in the Port Terminals: General San Martín San Juan de Marcona, Salaverry, Ilo, Pucallpa andIquitos.
(5) Committed investment: Line 1 section 2 and Line 2
(6) Do not includes committed investment in the granted concessions, or future projects with private investments, or unsolicited proposals (UP)
INFRAESTRUCTURA DE TRANSPORTESOBRA
PÚBLICA
CONCESIONES
APPTOTAL
ROAD INFRASTRUCTURE(1) 8, 225 3, 309 11, 534
WATWERWAYS INFRASTRUCTURE (2) - 69 69
AIRPORT INFRASTRUCTURE(3) - 538 538
PORT INFRASTRUCTURE(4) - 548 548
RAILWAYS INFRASTRUCTURE- 6, 601 6,601
(Lima Metro Network) (5)
TOTAL (/6) 8, 225 11, 065 19, 290
Top Related