Peru's Business and Investment Guide 2024

Peru’s Business and Investment Guide 2024 brings together key information for foreign and domestic investors.

Peru is one of the countries in Latin America that stands out for its macroeconomic stability, which is one of the nation's most important pillars of competitiveness. Almost uninterrupted economic growth over the past 24 years has consistently contributed to improvement of infrastructure, development of human capital, the adoption of new technologies and the standard of living of all Peruvian citizens. Additionally, a policy of being open to the international market through multiple commercial agreements complements the legislation that is favorable to private domestic and foreign investment.

The recognition of Peru's solid macroeconomy is based on low inflation (at the close of 2024, there will be 27 consecutive years of single-digit inflation), international reserves equivalent to 26.6% of GDP, controlled fiscal deficit (an average of 2.4% of GDP over the past ten years, and an estimated 2.8% at the close of 2023), and public debt that is estimated not to exceed 32.9% of GDP at the close of 2023, well below the average of the rest of emerging countries in the world (67.0%) and in the region (68.1%). Additionally, 2024 closes with a projected trade surplus of USD22.6 billion.

Likewise, the Sol is one of the least volatile currencies in the world, exhibiting firmness in the face of international market and currency fluctuations. This currency stability builds confidence in foreign investors, fosters a predictable economic environment conducive to sustained growth and long-term stability.