Here come three charts: The first shows Peru’s exports in US Dollar terms, 1994 to date (including the record export numbers just posted in September 2010), as exports are the whole backbone of the Peru economic expansion. The other two charts show the pirces for Peru’s number one and number two exports, namely copper and gold. And be clear that those two make up a lot of the pie, folks, as according to IKN estimates (using MEM production figures and London average spot prices for September), just copper and gold make up 41% of all exports out of Peru by dollar value.
Peru: Economic Miracle or just plain lucky? YOU BE THE JUDGE!