Peru | Poverty: a regrettable setback

Summary

Peru's poverty data for 2023 showed a significant setback. This evolution reveals the need to relaunch the policies and reforms that accelerated growth between 2004 and 2019.

Key points

• Key points:
• In 2023, the number of Peruvians considered poor, as measured by the INEI, was 9.8 million (29.0% of the population), an increase of almost 600 thousand people compared to 2022.
• Even more regrettable, due to its more severe implications on people, is the number of extremely poor people, which in 2023 was 1.9 million Peruvians, 249 thousand additional people in this condition compared to the previous year and almost 1 million more with compared to 2019.
• Peru must relaunch the public policies and reforms that generated an environment conducive to economic growth, which contributed to improving the living conditions of millions of citizens.

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