Importance of mining and agriculture on the peruvian economy

Abstract

This article presents the contribution of the mining, agricultural and other sectors to the Peruvian economy. It describes the performance of the mining and agricultural sectors during the last two decades, using macroeconomic indicators; In addition, it describes how in this period the Peruvian economy shows an impressive growth of 5.4% in terms of gross domestic product (GDP); This period is also known as the "mining boom". The excellent performance of mining and agriculture sectors contributed to this economic performance. However, despite the economic growth and changes during the last two decades, extreme poverty, malnutrition and childhood anemia are still a serious problem. To eliminate the extreme poverty Peru has to grow at least 6% per year in terms of GDP.  This study proposes that mining and agriculture should continue to grow, as well as the other sectors to ensure Peruvian development. The recent recovery of the Peruvian economy is due to the latest mining investments and the interest of the current government in the promotion of private investments.