Financial Wealth Increased By $7.5 Billion In Peru

The financial wealth of Peruvians reached, at the end of 2018, $126 billion US dollars, according to a study by the consultancy Boston Consulting Group (BCG). This amount represents an increase of 6% over the previous year, that is, about $7.5 billion.

“In the last five years, wealth in Peru has had an average annual growth of 8%. Although it dropped to 6% in 2018, it is still a better growth rate than some of its neighbors in the region”, said Joaquín Valle, Partner and Managing Director of BCG, to Gestión.

One of the factors that have led to this number is the expansion of the local economy.

“Valle said that in Peru, invertible assets today represent 58% of the total wealth of people, a percentage that exceeds the average for Latin America (53%)”, Gestión wrote.

Likewise, around 83% of the financial assets of Peruvians are invested in local assets. The remaining 16.2% is located outside the country (offshore investment).

“Within the financial wealth that remains in Peru, 51% corresponds to pension funds, and 30% to cash and deposits. In shares and investment funds only 16% is invested, compared to 42% of the regional average”, the aforementioned media said.

(Source)

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