by Serban V.C. Enache
Between 2008 and 2017, the Government of Peru ran fiscal surpluses in the years 2008, 2011, 2012, and 2013 – thus helping to erode domestic private sector equity. In contrast, the foreign sector grew its own (it ran year over year trade surpluses against Peru, increasing its savings in Peruvian Sols). The Peruvian domestic private sector’s equity position shrank by 26.39 percent of GDP during the 2008-2017 period.
Capacity utilization fell dramatically at the end of 2013 and continued to decline.
Note: Capacity utilization is the extent to which an enterprise or a nation uses its installed productive capacity. It is the relationship between output that is produced with the installed equipment, and the potential output which could be produced with it (if capacity was fully used).
Data obtained from the Ministry of Economy and Finance of Peru, the Ministry of Production of Peru, and the Central Reserve Bank of Peru.
Serban V.C. Enache is a Romanian journalist and indie author. Though interested in history, politics, and economics, his true passion is for medieval fantasy fiction. https://www.amazon.com/Serban-Valentin-Constantin-Enache/e/B00N2SJD6O/ He can be reached over Twitter. https://twitter.com/SerbanVCEnache