Role of mining in the national and regional economy, and the mining impact on the agriculture sector

Abstract

Mining has played an important role in the development of the country in the last two decades, which is why we could call it the “mining boom”. This is confirmed with positive correlations of historical GDP data at national level and mining GDP. There is a high correlation between the regional economy and the regional mining activity (measured in terms of GDP according to regions). However, mining activity does not directly affect regional agricultural activity, agriculture continues its normal course of development. All regional GDP from 2007 to 2017 show positive growth rates. Likewise, all regions have a positive growth rate in the agricultural sector. The average annual growth rate of the mining sector at the country level from 2007 to 2017 varies by region. Some regions grow positively and others have a lower annual growth rate. In general, each of the regions is unique, presenting different growth rates in its regional GDP, agricultural GDP and mining GDP. The secondary information comes from the Central Reserve Bank of Peru, National Institute of Statistics and Information and the Ministry of Mining, among others.