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Consumer Goods and Retail Report Peru

  • ID: 2138479
  • Report
  • June 2021
  • Region: Peru
  • 13 Pages
  • The Economist Intelligence Unit
Peru's real GDP growth averaged a robust 4.5% per year in 2010-19, leading to a reduction in poverty levels of over 20%. A gradually expanding urban middle class supported growth in private consumption.

However, the coronavirus pandemic has hit Peru hard and has slashed global demand for the country's commodity exports. The government has extended the state of emergency, first declared in March 2020, until end-June 2021. Real GDP contracted by 11.5% in 2021, but The Economist Intelligence Unit expects a V-shaped recovery, which should put the economy back on track in the remaining four years of the 2021-25 forecast period. GDP expanded by 3.6% in the first quarter of 2021.

The economy was slowing already in 2019, and retail sales volumes grew by only 1.7% year on year, after averaging 3.1% in 2015-18. The pandemic slashed sales volumes by 8.3%, but the decline in local-currency terms was a smaller 6.6%, reflecting a weaker Peruvian sol. Demand will roar back in 2021, however, and retail sales volumes will increase at a steady compound annual growth rate (CAGR) of 2.8% in 2021-25.

Industry List: Consumer Goods, Consumer Goods, Food and drink, Consumer Goods, Non-food products, Consumer Goods, Retail
Industry Codes (NAIC): 44
Industry Codes (SIC): 53
Note: Product cover images may vary from those shown
Consumer Goods and Retail Report Peru

Consumer goods and retail report: Overview

Consumer goods and retail report: Retail

Consumer goods and retail report: Food and drink

Consumer goods and retail report: Non-food products
Note: Product cover images may vary from those shown
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