Economy - overview:
Peru's economy reflects its varied geography - an arid coastal region, the Andes further inland, and tropical lands bordering Colombia and Brazil. Abundant mineral resources are found in the mountainous areas, and Peru's coastal waters provide excellent fishing grounds. The Peruvian economy has been growing by an average of 6% per year since 2011 with a stable exchange rate and low inflation. Growth in 2010 was above 8% and in 2011 above 6%, due partly to a leap in private investment, especially in the extractive sector, which accounts for more than 60% of Peru's total exports. Inflation in 2011 was within the upper range of the Central Bank's 1%-3% target. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs subjects the economy to fluctuations in world prices. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by over 19 percentage points since 2002. A growing number of Peruvians are sharing in the benefits of growth but inequality persists posing a challenge for the new Ollanta HUMALA administration, which has championed indigenous and local disenfranchised groups. The administration seems committed to Peru's free-trade path. Since 2006, Peru has signed trade deals with the United States, Canada, Singapore, China, Korea, and Japan, concluded negotiations with the European Free Trade Association (EFTA) and Chile, and begun trade talks with Central American countries and others. The US-Peru Trade Promotion Agreement (PTPA) entered into force 1 February 2009, opening the way to greater trade and investment between the two economies. Trade agreements with South Korea, Japan, and Mexico also were signed in 2011. Although Peru has continued to attract foreign investment, political disputes and protests against foreign investors may impede development of some projects related to natural resource extraction.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Peru on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Peru Economy 2012 information contained here. All suggestions for corrections of any errors about Peru Economy 2012 should be addressed to the CIA.
$299.7 billion (2011 est.)
country comparison to the world: 42
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$168.5 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
6.2% (2011 est.)
country comparison to the world: 42
[see also: GDP - real growth rate country ranks ]
$10,000 (2011 est.)
country comparison to the world: 109
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 10%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 35%
[see also: GDP - composition by sector - industry country ranks ]
services: 55% (2010 est.)
[see also: GDP - composition by sector - services country ranks ]
10.8 million (2011 est.)
country comparison to the world: 48
[see also: Labor force country ranks ]
agriculture: 0.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 23.8%
[see also: Labor force - by occupation - industry country ranks ]
services: 75.5% (2005)
[see also: Labor force - by occupation - services country ranks ]
6.8% (2011 est.)
country comparison to the world: 72
note: data are for metropolitan Lima; widespread underemployment
[see also: Unemployment rate country ranks ]
34.8% (2009)
[see also: Population below poverty line country ranks ]
lowest 10%: 1.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 35.9% (2009)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
48 (2009)
country comparison to the world: 27
[see also: Distribution of family income - Gini index country ranks ]
24.6% of GDP (2011 est.)
country comparison to the world: 69
[see also: Investment (gross fixed) country ranks ]
revenues: $49.49 billion
[see also: Budget revenues country ranks ]
expenditures: $49.2 billion (2011 est.)
[see also: Budget expenditures country ranks ]
29.4% of GDP (2011 est.)
country comparison to the world: 93
[see also: Taxes and other revenues country ranks ]
0.2% of GDP (2011 est.)
country comparison to the world: 41
[see also: Budget surplus (+) or deficit (-) country ranks ]
21.9% of GDP (2011 est.)
country comparison to the world: 109
note: data cover general Government Debt, and includes debt instruments issued by Government entities other than the treasury; the data exclude treasury debt held by foreign entities; the data include debt issued by subnational entities
[see also: Public debt country ranks ]
3% (2011 est.)
country comparison to the world: 50
note: data are for metropolitan Lima
[see also: Inflation rate (consumer prices) country ranks ]
3.8% (31 December 2010)
country comparison to the world: 107
[see also: Central bank discount rate country ranks ]
18.8% (31 December 2011 est.)
country comparison to the world: 24
note: domestic currency lending rate
[see also: Commercial bank prime lending rate country ranks ]
$25.06 billion (31 December 2011 est.)
country comparison to the world: 62
[see also: Stock of narrow money country ranks ]
$67.61 billion (31 December 2011 est.)
country comparison to the world: 63
[see also: Stock of broad money country ranks ]
$32.95 billion (31 December 2011 est.)
country comparison to the world: 69
[see also: Stock of domestic credit country ranks ]
$160.9 billion (31 December 2010)
country comparison to the world: 38
[see also: Market value of publicly traded shares country ranks ]
asparagus, coffee, cocoa, cotton, sugarcane, rice, potatoes, corn, plantains, grapes, oranges, pineapples, guavas, bananas, apples, lemons, pears, coca, tomatoes, mango, barley, medicinal plants, palm oil, marigold, onion, wheat, dry beans; poultry, beef, dairy products; fish; guinea pigs
mining and refining of minerals; steel, metal fabrication; petroleum extraction and refining, natural gas and natural gas liquefaction; fishing and fish processing, cement, textiles, clothing, food processing
6.6% (2011 est.)
country comparison to the world: 44
[see also: Industrial production growth rate country ranks ]
35.79 billion kWh (2010 est.)
country comparison to the world: 60
[see also: Electricity - production country ranks ]
31.74 billion kWh (2009 est.)
country comparison to the world: 58
[see also: Electricity - consumption country ranks ]
111.9 million kWh (2010 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2010 est.)
[see also: Electricity - imports country ranks ]
158,300 bbl/day (2010 est.)
country comparison to the world: 44
[see also: Oil - production country ranks ]
189,000 bbl/day (2010 est.)
country comparison to the world: 59
[see also: Oil - consumption country ranks ]
73,280 bbl/day (2009 est.)
country comparison to the world: 72
[see also: Oil - exports country ranks ]
88,080 bbl/day (2010 est.)
country comparison to the world: 68
[see also: Oil - imports country ranks ]
7.24 billion cu m (2010)
country comparison to the world: 46
[see also: Natural gas - production country ranks ]
3.65 billion cu m (2010)
country comparison to the world: 66
[see also: Natural gas - consumption country ranks ]
3.59 billion cu m
country comparison to the world: 31
note: in 2010 Peru became a net exporter of LNG (2010 est.)
[see also: Natural gas - exports country ranks ]
0 cu m (2010)
country comparison to the world: 112
[see also: Natural gas - imports country ranks ]
345.5 billion cu m (1 January 2011 est.)
country comparison to the world: 36
[see also: Natural gas - proved reserves country ranks ]
-$2.129 billion (2011 est.)
country comparison to the world: 154
[see also: Current account balance country ranks ]
$43.83 billion (2011 est.)
country comparison to the world: 59
[see also: Exports country ranks ]
copper, gold, zinc, tin, iron ore, molybdenum; crude petroleum and petroleum products, natural gas; coffee, potatoes, asparagus and other vegetables, fruit, apparel and textiles, fishmeal
China 18.4%, US 16.1%, Canada 11.7%, Japan 6.6%, Germany 4.5%, Spain 4% (2010)
$36.85 billion (2011 est.)
country comparison to the world: 59
[see also: Imports country ranks ]
petroleum and petroleum products, chemicals, plastics, machinery, vehicles, color TV sets, power shovels, front-end loaders, telephones and telecommunication equipment, iron and steel, wheat, corn, soybean products, paper, cotton, vaccines and medicines
US 24.7%, China 13%, Brazil 7.4%, Ecuador 4.7%, Chile 4.3%, Colombia 4.2% (2010)
$53.28 billion (31 December 2011 est.)
country comparison to the world: 34
[see also: Reserves of foreign exchange and gold country ranks ]
$37.69 billion (31 December 2011 est.)
country comparison to the world: 64
note: public debt component of total: $20.6 billion (31 December 2009)
[see also: Debt - external country ranks ]
$51.05 billion (31 December 2011 est.)
country comparison to the world: 55
[see also: Stock of direct foreign investment - at home country ranks ]
$2.375 billion (31 December 2011 est.)
country comparison to the world: 67
[see also: Stock of direct foreign investment - abroad country ranks ]
nuevo sol (PEN) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12