INSUBCONTINENT EXCLUSIVE:
This growth was primarily driven by 11 economic sectors, with mining and hospitality leading the way.The mining and hydrocarbon sector
experienced the most significant growth in August, expanding by 8.87%
This increase was largely due to the positive performance of metallic mining activities, which grew by 8.86%
The production of molybdenum surged by 42.40%, silver by 30.03%, and copper by 11.70%.The hospitality industry also showed strong growth,
with accommodation and restaurants increasing by 7.53% in August
Transportation, storage, and messaging services followed closely, growing by 6.28%
Economy Shows Steady Growth in 2024, Driven by Mining and Tourism
(Photo Internet reproduction)Water transportation expanded by 4.94%, driven by increased maritime cargo flow
Other sectors that contributed to the overall economic growth included construction (4.14%), commerce (2.86%), manufacturing (2.20%), and
utilities such as electricity, gas, and water (2.08%).The INEI report also highlighted the annualized growth rate from September 2023 to
August 2024, which stood at 1.69%
not contribute to the overall expansion
economic base and its ability to capitalize on its natural resources and tourism potential
sustainable long-term prosperity.
