Tuesday, November 16, 2010

Peru: ¡Viva Investment Grade! (part 56,183)

Want to know why Peru is so popular with the world right now? Look no further than two reports in 'La Republica' today, and all is clear.

That datapoint was widely announced all over the biznews wires yesterday and today, but this next one was weirdly missed by most. A longer translation needed:
The average monthly income for workers in the Lima & Metropolitan area was S/1.084 (U$388) in the months August to October 2010, a figure 2.3% lower than that registered in the same quarter of 2009, according to the National Institute of Statistics and Information (INEI).

According to the Permanent Employment Survey (EPE), income for men averages S/1256.40 (U$450), some 2.1% lower compared to the same quarter of last year. Also, womens' income came to S/864.50 (U$310) on average, lower by 1.5%. Tis figure represents 68.8% of average male income and shows a S/391.90 difference between the sexes.

Meanwhile, income grew on average by 4.1% for those between 14 and 24 years old, while the population aged 45 years or more saw an 8.4% drop in average income. Income also dropped in the population aged 25 to 44 by 0.6% year-over-year.

Finally, according to ranking by education in Lima&Metro, the the referred quarter average income rose by 8.1% for those employees with at least secondary education.

Peru: The capitalist wet dream where the rich get richer and the poor get KY Jelly.