Peruvian sea contributes to the economy

Published Jul 21, 2024

Tridge summary

In June 2024, the fishing sector experienced a 55.2% growth compared to the same month in 2023, driven by increased landings of hydrobiological resources, especially anchovy. This growth has created 12,000 direct and 37,000 indirect jobs, contributing 0.28% to the national GDP. The first anchovy fishing season of 2024 yielded over 2.4 million metric tons, adding 432 million soles to the GDP and boosting exports by 1,307 million dollars. The sector's success is due to coordinated efforts between public and private entities, focusing on sustainable practices. Projections indicate an additional 18.5% growth for the rest of the year, highlighting the sector's importance in economic development.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

07/21/2024 The fishing sector became a fundamental pillar of the national economy, as it drives the economic growth of the country and generates well-being for thousands of families. The figures from the Ministry of Production (Produce) confirm it; In June of this year, the sector experienced a growth of 55.2% compared to the same month in 2023, favored by a greater landing of hydrobiological resources. This growth translates into 363,000 tons of fishing landings, 133% more than in June of last year. Anchovy plays a crucial role in this boom, with a 482% increase in its catch for the production of fishmeal and fish oil. This boosts fishing exports and generates important foreign exchange for the country. The fishing sector not only contributes to economic growth, but also generates employment. Anchovy fishing for the first season of 2024 generated 12,000 direct jobs and 37,000 indirect jobs throughout the production chain. In total, it is estimated that this activity contributes ...

Source: PEelperuano