A new Oxfam report finds that Peru's wealthiest one percent captured 42 percent of all new wealth generated between 2019 and 2025.
A recent report from Oxfam shows a major gap in wealth. The top one percent of people in Peru took 42 percent of all new wealth. This data covers the years between 2019 and 2025.
Also, the poorest 50 percent of the population received very little. They gained only 1.4 percent of the new wealth. This trend shows that social divisions in the nation continue to grow.
Then, the report highlights public frustration. About 84 percent of citizens feel powerful groups control the government. Most people think wealthy elites avoid paying their fair of taxes.
Next, many residents want change. Roughly 70 percent of people want the government to fight inequality. They believe current gaps limit access to healthcare, jobs, and justice.
However, Peru faces significant political instability. The country had nine different presidents over the last ten years. Many leaders faced scandals and impeachments during this time.
As a result, experts see a strange paradox. Political elites rotate often, but a small group still holds most power. This group often protects its own business interests.
Meanwhile, the struggle between the president and Congress causes issues. Congress uses vague rules to remove leaders from office. These constant changes hurt the strength of the nation's democracy.
After that, civil unrest grew across the country. Large protests broke out following the removal of former President Pedro Castillo. The government responded with a crackdown that led to many rights abuses.
Finally, international groups lowered Peru's freedom ranking. Freedom House moved the country from free to partly free. They cite weak judicial independence and corruption as major problems for the public.
Still, leaders can change this path. Experts argue that inequality is not natural. It is the result of specific political choices made by those in power.