Carola Sandy, a Latin America economist with New York City-based Credit Suisse Group AG, said the economic outlook for Peru is brilliant thanks to strong GDP figures and increasing international prices.

Sandy stated that there is a very positive sentiment in the country regarding its good economic performance, reflected in increased export earnings, higher foreign direct investment, and rising domestic demand.

"Years of sound and prudent economic policies have made Peru one of the high-growth economies in the region, with low inflation and debt levels and a strong fiscal position," she said.

The Credit Suisse analyst added that the mining industry is still the most dynamic sector of Peru's economy, attracting investment worth US$45 billion over the next five to ten years.