The global commodities boom is to thank for kindling growth in Peru. Gross domestic product (GDP) increased by 7.67% in 2006, reaching $71bn. And it continues to head upwards, hitting 9.2% in January this year. Better still, there are no signs of over-heating, with inflation very subdued at 1.1% last year.
Other Latin countries enjoying the commodity boom, such as Venezuela and Argentina, have similar rates of growth, but inflation is taking off. It reached 16% in Venezuela last year and 9.8% in Argentina.
