Of the 17 million 319,900 employed Peruvians, 73.5% got an informal job, that is, without employment benefits, while 26.5% claimed to be working in the formal sector between April 2022 and March of this year. According to the latest report from the National Institute of Statistics and Informatics (INEI) on the behavior of indicators of […]
Tag: inei
Salary in rural Peru is half in urban areas
According to the latest national employment report from INEI, the average monthly income received by workers in rural areas (S/854.6) is approximately 50% of the salaries received in urban areas (S/ 1711). (See graph) The situation is aggravated when considering that, during the first quarter of 2023, it was reported that 140,100 (-4.1%) people of […]
INEI: GDP contracted 0.45% in the first half of 2023
Two consecutive quarters in red confirm the technical recession of the peruvian economy. The GDP in June fell 0.56%, thus the result for the first half of the year was -0.45%, according to the latest report from the National Institute of Statistics and Informatics (INEI). From January to June, the sectors that had negative performance […]
Peruvian economy fell 0.45% in the first half of 2023
During the first semester of 2023, he Domestic Gross Product (GDP) experienced a decrease of 0.45%. This contraction is mainly driven by the underperformance in the sectors of construction, manufacturingas well as agricultural and fishingaccording to data provided by the National Institute of Statistics and Informatics (INEI). Thus, in the first six months of the […]
INEI: 88% of family farming in Peru is subsistence
In Peru, agriculture is predominantly family-based, with units that are less than 10 hectares in size and do not employ permanent workers. According to the 2022 National Agrarian Survey (ENA 2022), carried out by the National Institute of Statistics and Informatics (INEI), 97.6% of the agricultural activity in the country is of a family nature. […]
MEF: “In July we expect to have the highest growth rate of the year”
The head of the Ministry of Economy and Finance (MEF), Alex Contreraspointed out that after the rocky performance of the GDP – which fell 0.49% accumulated since January and fell back to -1.43% in May – “in July we expect to have the highest growth rate of the year”. When asked about the details of […]
Has Peru’s economy entered a technical recession? This is what the specialists say
In the last few hours, the newsrooms of all the media have begun to spread the possibility of a recession of the peruvian economyafter knowing the GDP figures in May released by the National Institute of Statistics and Informatics (INEI). What does a recession mean? In economic theory, a recession involves a period of at […]
INEI: economy fell 1.43% in May, the lowest rate in 2 years
El Niño Costero continues to have negative repercussions on the Peruvian economy. Yesterday, the National Institute of Statistics and Informatics (INEI) reported that national production fell 1.43% in May. Such a low rate has not been observed since February 2021 (-3.35%). Although this indicator was in the green in March (0.22%) and April (0.31%), plus […]
BCRP: July inflation would be higher than previous months
After the monthly inflation rate had been falling in recent months, to such an extent that last June a variation of -0.15% was registered, a change in trend is expected for July, reaching a higher figure to that of previous months. Adrián Armas, central manager of Economic Studies of the Central Reserve Bank of Peru […]
Inflation falls in June to year-and-a-half lows
After reaching peaks of 1.25% in the first quarter of 2023, leveraged by a social conflict that was fueled by natural disastersthe inflation in Metropolitan Lima it returned to negative territory and weighed down 0.15% in June, a drop of 6.46% in its twelve-month performance from 7.89% in May. This is the lowest annualized inflation […]