On account of the numerous social conflicts accompanied by economic and political instability that occurred during the second administration of former President Ollanta Humala, Peru's economy has been significantly affected during the last three years. However, just over six months after former energy minister Pablo Kuczynski assumed office, the domestic market and investments have already begun to improve. The country is now experiencing the positive effects of increased production in the mining industry, where, despite falling prices, higher output volumes have helped the situation in this industry. In fact, boasting a larger output in mining activities has led the country's economy to grow by 4.3% in 2016 - one of the highest in Latin America. In 2017, this development will permit the investment of increased financial resources in the execution of overall public and infrastructure projects.
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