Multi-dimensional Review of Peru
Volume 1. Initial Assessment
Peru has experienced significant improvements in growth, well-being and poverty reduction since the introduction of macroeconomic reforms, economic openness and more effective social programmes in the 1990s. However, the country still faces structural challenges to escape the middle-income trap and consolidate its emerging middle class. This report reviews the main bottlenecks to boost inclusive development and well-being in Peru. These include education and skills, the labour market, innovation, transport infrastructure and logistics, governance and trust in institutions. These dimensions have considerable implications for levels of productivity, inequalities and labour informality in Peru.
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Editorial
Centre de Développement de l’OCDE
Peru has experienced extraordinary progress in the past two decades. Significant improvements in economic growth, well-being and poverty reduction have been observed since the introduction of macroeconomic reforms and more effective social programmes in the 1990s and 2000s. The country has raised its per-capita income level, reaching the status of an upper middle-income country, and an expanding middle class now represents around a third of the population.
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