.png?width=200&height=86&name=Ongresso-Logo1-without%20background%20(1).png "Ongresso - Business Beyond Borders"){kind=logo}
Peru • January 8, 2024 • Written by: Ongresso - Business Beyond Borders
Peru is a country rich in economic diversity, strategic expansion, and a dedication to creating an atmosphere that attracts foreign investors, making it a standout choice in the market of international investment opportunities. Looking ahead to 2024, the Andean nation entices investors looking to align their ventures with a nation on the verge of revolutionary growth with promises of stability, innovation, and unmatched opportunities.
Peru: A Reliable Center for Investments
- Political Stability: Peru continues to have the lowest country risks in Latin America, even in light of recent political shifts.
- Inflation: Peru maintains one of the lowest rates of inflation in the region, which contributes to the country's macroeconomic stability.
- Economic Track Record: Peru demonstrates its openness to international investments with a two-decade history of strong growth and successful international bond issuances.
Countries worth looking at for investment in 2024
Investing in Human Resources
- Global Talent Ranking: Peru's ranking as one of the most improved countries (World Economic Forum) demonstrates its dedication to building human capital.
- Strategic Growth: Peru raises its ranking to 50th in the countries list by bringing its talent pool up to par with international standards
Access to Global Markets
- Doing Business Is Easy: Peru's economy, which the World Bank Group ranked 76th out of 190, is clearly open to global trade.
- Trade Agreements: Peru serves as a gateway for international trade thanks to its 29 active free trade agreements and memberships in important trade associations.
Since its implementation on February 1, 2009, the United States-Peru Free Trade Agreement (PTPA) has benefited both Peru and the United States. A stable and predictable legal environment has been established by this agreement, which is especially advantageous for American investors in Peru. It offers complete protection for different types of investments, allowing American investors the right to create, acquire, and oversee holdings in Peru on an equal footing with local investors in a variety of circumstances.
An attitude of entrepreneurship
- Young Entrepreneurs: Peruvian entrepreneurs are among the youngest in the world, with an average age of 24.
- Innovation Efforts: Peru is ranked 67th out of 137 countries in the Global Entrepreneurship Index, which highlights the country's efforts in absorbing new technologies.
Destination of Choice for Foreign Direct Investment (FDI)
-
Fourth-largest Recipient: Drawing investments from a variety of industries, Peru is the fourth-largest recipient of foreign direct investment (FDI) in Latin America.
-
Stability and Framework: Peru's stable political environment and well-established legal system attract foreign investors.
2024: A Year of Self-Assurance and Development
- Expected Recoveries: Peru expects a rebound in the latter half of 2023, with encouraging economic growth indicators in 2024.
- Leader in South American Growth: Peru applies to have the fastest growth rate in the continent.
In conclusion, Peru is more than just a location for investments—it's a vibrant hub of opportunity in the global economy. Peru promises a prosperous future for those who are willing to unlock its vast potential, even beyond its impressive economic indicators. Take into account the abundance of natural resources, advantageous location, and dedication to economic reforms. Because of its continuous developments and improved infrastructure, Peru is a wise choice for sustainable growth.
Join us as we uncover the countless opportunities Peru has to offer forward-thinking investors like you.