GDP growth: 2.9%

GDP per head: $4,930 (PPP: $13,070)

Inflation: 2.1%

Budget Balance (% GDP): - 5.1

Population: 7.2m

An exemplary early response to covid-19 was marred by a later surge in cases.That
undermined a potential bid by the health minister, Julio Mazzoleni, to become the
presidential candidate of the ruling Colorado Party in primaries due early in 2021,
although the election itself is not until 2023. The president, Mario Abdo Benítez, will
focus on shoring up political alliances amid a public backlash over corruption
allegations in the government. The recession will be one of the region’s mildest.

Peru

GDP growth: 9.2%

GDP per head: $6,340 (PPP: $12,220)

Inflation: 2.3%

Budget Balance (% GDP): - 7.0

Population: 33.5m