Peru Economy Data

GDP - Gross Domestic Product (PPP) $372,700,000,000 (USD)
GDP - official exchange rate $179,900,000,000 (USD)
GDP - real growth rate 2.4%
GDP Per Capita $12,300.00 (USD)
GDP by Sector- agriculture 7%
GDP by Sector- Industry 34.5%
GDP by Sector- services 58.5%
GDP - composition, by end use household consumption: 63.2%

government consumption: 12.7%

investment in fixed capital: 23.8%

investment in inventories: 1.1%

exports of goods and services: 22.4%

imports of goods and services: -23.2%
Population Below Poverty Line 31.3%
Inflation Rate 3.6%
Labor Force 16,200,000
Labor Force By Occupation- agriculture 25.8%
Labor Force By Occupation- industry 17.4%
Labor Force By Occupation- services 56.8%
Unemployment Rate 7.7%
Unemployment - note data are for metropolitan Lima; widespread underemployment
Fiscal Year calendar year
Annual Budget $58,150,000,000 (USD)
Budget Surplus or Deficit - percent of GDP 1%
Public Debt (% of GDP) 18.3%
Taxes and other revenues - percent of GDP 29%
Major Industries mining and refining of minerals; steel, metal fabrication; petroleum extraction and refining, natural gas and natural gas liquefaction; fishing and fish processing, cement, glass, textiles, clothing, food processing, beer, soft drinks, rubber, machinery, electrical machinery, chemicals, furniture
Industrial Growth Rate 5%
Agriculture Products asparagus, coffee, cocoa, cotton, sugarcane, rice, potatoes, corn, plantains, grapes, oranges, pineapples, guavas, bananas, apples, lemons, pears, coca, tomatoes, mangoes, barley, medicinal plants, palm oil, marigold, onion, wheat, dry beans; poultry, beef, pork, dairy products; guinea pigs; fish
Currency Code nuevo sol (PEN)
Child Labor - % of children ages 5-14 34%
Child Labor - # of children ages 5-14 2,545,855
Child Labor - note note: data represents children ages 5-17
Commercial Bank Prime Lending Rate 20.3%
Commercial Bank Prime Lending Rate - note note: domestic currency lending rate, 90 day maturity

Peru Economy

Economic Overview

Peru's economy reflects its varied geography - an arid lowland coastal region, the central high sierra of the Andes, the dense forest of the Amazon, with tropical lands bordering Colombia and Brazil. A wide range of important mineral resources are found in the mountainous and coastal areas, and Peru's coastal waters provide excellent fishing grounds. The Peruvian economy has been growing by an average of 6.4% per year since 2002 with a stable/slightly appreciating exchange rate and low inflation, which in 2013 is expected to be below the upper limit of the Central Bank target range of 1 to 3%. Growth has been in the 6-9% range for the last three years, due partly to a leap in private investment, especially in the extractive sector, which accounts for more than 60% of Peru's total exports. 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 23 percentage points since 2002, but inequality persists and continues to pose a challenge for the new Ollanta HUMALA administration, which has championed a policy of social inclusion and a more equitable distribution of income. Peru's free trade policy has continued under the HUMALA administration; since 2006, Peru has signed trade deals with the US, Canada, Singapore, China, Korea, Mexico, Japan, the European Free Trade Association, Chile, and four other countries; concluded negotiations with Venezuela, Costa Rica, and Guatemala; and begun trade talks with two other Central American countries and the Trans-Pacific Partnership. Peru also has signed a trade pact with Chile, Colombia, and Mexico called the Pacific Alliance that rivals Mercosur in combined population, GDP, and trade. The US-Peru Trade Promotion Agreement entered into force 1 February 2009, opening the way to greater trade and investment between the two economies. Although Peru has continued to attract foreign investment, political activism and protests are hampering development of some projects related to natural resource extraction.

Labor Force by Occupation- As reported by Peru

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