Oxfam analysis finds Peru’s richest captured 42 percent of all new wealth
Summary
A report by Oxfam shows that the richest 1 percent in Peru gained 42 percent of new wealth between 2019 and 2025, while the poorest half of the population got just 1.4 percent. The report highlights growing inequality and political instability in Peru, with many Peruvians feeling that powerful interests control the government.Key Facts
- The richest 1 percent in Peru captured 42 percent of the new wealth from 2019 to 2025.
- This share increased from around 39 percent between 2000 and 2019.
- The poorest 50 percent received only 1.4 percent of the new wealth in the same period.
- A survey found that 84 percent of Peruvians think powerful groups control politics for their own benefit.
- Over 75 percent believe rich people and big companies avoid paying their fair share of taxes.
- About 70 percent want the government to do more to reduce inequality.
- Peru has had nine presidents in the past ten years due to impeachments and political crises.
- Political conflict between the presidency and Congress has weakened Peru’s democracy.
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