Peru is largely economically stable and one of the most attractive economies of investors in the Latin American region, deemed fourth most favoured destination for FDI. With its relatively high growth, public debt below 25%, and an average inflation rate forecast between 2.2% and 2.5%, the Peruvian economy is on track for solid medium-term growth.
Exports are a major contributor to the Peruvian economy, with its main economic activities including mining, manufacturing, agriculture and fishing, though telecommunications and biotechnology industries are growing steadily.
Regarding foreign investment, Peru has policies in place addressing free competition, free movement of capital, the guarantee of private property, and equal treatment for domestic and foreign investors. While company activities must comply with relevant industrial hygiene, safety, environmental, and other legal provisions, companies may organise and develop their activities largely free of state control.
Peru is a member of the World Trade Organisation (WTO), the International Monetary Fund (IMF), the World Bank, the Andean Community of Nations (CAN), the Asia-Pacific Economic Cooperation Forum, the Alliance of the Pacific, and the Union of South American Nations (UNASUR). In January 2022, Peru was invited to begin the process of accession to OECD membership, with accession roadmaps released in June 2022.