Peru Guide /Legal Stuff /Extension of a Migraciones deadline

Peruvian Economy

Economic History & Economy in Peru Today

The Peruvian economy is an emerging, social market economy highly dependent on foreign trade and classified as an upper middle income economy by the World Bank. The country has among other smaller sectors rich deposits of natural resources, huge agricultural potential, good fishing grounds, a traditional textile industry and enormous tourism capacities.

Peru's Economy Today

As it has been already centuries ago, Peru’s economy today reflects its varied geography; the different climate zones facilitate widespread agriculture; the Andes mountains rich in mineral resources allow mining; and the Pacific Ocean with its – thanks to the Humboldt current – fish-rich waters make commercial fishing possible. Additionally, Peru’s geographical regions (coast, mountains and jungle) with their rich flora and fauna, as well as the country’s cultural and historical heritage attract an increasing number of tourists.

And even though Peru tried over the past decade to diversify its economic portfolio, today the country’s economy still heavily relies on exports making Peru’s economy vulnerable to fluctuation in world market prices and to world economic policies and decisions. While implementing favorable macroeconomic policies and environments, following aggressive free trade strategies and promoting foreign investments made Peru one of the world’s fastest growing economies in the 2010s with a dynamic GDP growth rate, a stable currency exchange rate, a low inflation rate and promising prospects for the coming years, exactly these policies also promoted corruption as well as social inequity and unrest as many Peruvians to this day still don’t benefit from the economic growth and increasing wealth.

3rd page of the application for the extension of a Migraciones deadline

You now get a confirmation displayed on your screen that you successfully applied for an extension of the deadline. Download and/or print the page and keep it safe. That’s it.

Please note: Most probably Migraciones won’t reply to your request to extend the deadline and won’t confirm the extension. As long as you upload the document Migraciones asked for within the 30-day extension time, you are fine. Nevertheless, check your Buzon electronico regularly, so in case Migraciones missed your request and sends another notification with a second notice to upload the document, you can react in time.

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Peruvian Economy

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