Mining as a driving force in the economic development of Peru

Abstract

The mining sector has been and is one of the main drivers of economic development in Peru, being one of the sectors with the greatest contribution to the Gross Domestic Product (GDP) according to INEI. The objective was to identify which factors in the mining sector have the greatest impact on the country's economic development and influence the national economy. The methodology was non-experimental, quantitative descriptive, through the collection of statistical data, carrying out a detailed analysis of the influence of the mining sector and its repercussions on the axes of poverty reduction, employment generation, tax collection and mining canon. It was concluded that the different investments and the development of mining projects have generated 1.6 million direct and indirect jobs in 2020, it has also promoted growth and development in the different regions, with Ancash and Arequipa being the ones that registered the highest income. between 2011 and 2020 through taxes and royalties. In addition, it contributed to reducing poverty in Peru from 58,7% to 22.2% from 2004 to 2019.