Peru, located on South America's central Pacific coast, is bordered by Brazil and Bolivia to the east, Chile to the south, and Colombia and Ecuador to the north. Peru declared independence in 1821 and is divided into 25 regions, with Lima as its capital. The official language of Peru is Spanish, and the currency is the sol (PEN).
The Peruvian economy grew by more than 4% per year during the period between 2002 and 2006, with a stable exchange rate and low inflation. Economic growth jumped to 9% per year in 2007 and 2008, driven by higher world prices for minerals and metals as well as the government's trade liberalisation strategies. Even though Peru has experienced lower economic growth in the past two years in the face of the world recession and lower commodity export prices, Peru’s economy grew 5.6% during 2013, 2.4% during 2014, 3.26% during 2015, 3.9% during 2016, and 2.5% during 2017. The Central Reserve Bank estimates Peru will achieve a growth rate of less than 4% in 2018.
Peru has signed trade deals with Canada, Chile, China, Costa Rica, Cuba, Honduras, Japan, Korea, Mexico, Panama, Singapore, Thailand, the United States, Venezuela, the Andean Community, the Asia-Pacific Economic Cooperation, the European Free Trade Association (EFTA), the European Union (EU), the Southern Common Market, the World Trade Organisation (WTO), and the Pacific Alliance; concluded negotiations with Brazil, Guatemala, and the Trans-Pacific Partnership; and begun trade talks with El Salvador, India, Turkey, the Doha Development Agenda, and the Trade in Services Agreement (TISA).
PwC Peru supports clients with the local knowledge and skills of its people and with access to a broad range of other professionals across the PwC global network of firms. PwC Peru is organised by industries, with a focus on telecommunications, retail and consumer, financial services, energy, mining, and government. PwC Peru has tax professionals that offer a wide variety of services, including in the areas of legal consulting, tax compliance, tax consulting, and transfer pricing.