IMF Staff Country Reports

Peru: Recent Economic Developments

Publication Date:

February 6, 1996

Summary:

This paper describes economic developments in Peru during the 1990s. During 1990–92, real GDP growth was negative by 0.9 percent a year on average, reflecting in part deterioration in the terms of trade and adverse weather conditions. During that period, growth in the construction, manufacturing, and fishing sectors was more than offset by a contraction in the agricultural and mining sectors. Gross domestic investment rose from about 15½ percent of GDP in 1990 to 16½ percent in 1992 mainly on the strength of public sector investment.

Series:

Country Report No. 1996/003

Subject:

Arrears Central banks Commercial banks Economic sectors Expenditure External debt International reserves Pension spending Pensions Privatization Public sector

Notes:

This recent economic developments report on Peru was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Peru, or the Executive Board of the IMF.