Peruvian government acknowledges that 76.8% of the nation’s workforce operates in the informal sector
The Labor Minister of Peru, Fernando Varela, confirmed on Tuesday that a significant 76.8% of the nation's working population is...
August 15, 2023Topic
peru economic news
Unemployment in Peru falls to 5.9% in Q1 2023
Peru reported a decline in its unemployment rate to 5.9% for the first quarter of 2023, a slight drop from...
August 15, 2023
Peru’s central bank keeps interest rate steady at 7.75% amid inflationary trends and external challenges
For the seventh consecutive month, Peru's Central Bank has decided to maintain its benchmark interest rate at 7.75%.
August 11, 2023
Despite the minister’s optimism, Peru teeters on the brink of a technical recession
The Peruvian Economy and Finance Minister, Alex Contreras, announced on Tuesday that the nation's economy is expected to contract close...
August 1, 2023
Peruvian exports total US$25.918 billion from January to May 2023
From January to May 2023, Peru reported total exports worth US$25.918 billion, with May's contribution being US$5.046 billion, according to...
July 17, 2023
Peru’s economy shrinks in May amid climate challenges
In May, Peru's economy showed signs of contraction after stagnant growth, contradicting earlier predictions of a gradual recovery following intense...
July 15, 2023
Peru’s agricultural exports total US$3.518 billion in the first five months of 2023
Between January and May 2023, Peru's agroexports hit a total of US$3.518 billion, marking a 0.2% growth from the same...
July 14, 2023 Peru’s annual inflation projected to decrease to 6.7% in June, says Finance Minister
Peru's annual inflation rate has begun its decline and is forecasted to drop over one percentage point to 6.7% by...
June 21, 2023
Central Bank of Peru lowers 2023 growth forecast to 2.2%
The Central Reserve Bank of Peru (BCRP) announced on Friday a reduction in the country's growth projection for 2023 from...
June 17, 2023