Key Facts

GDP (ppp) per CAPITA

$8,500 (2008 est.)

Inflation Rate

5.8% (2008 est.)

Population

29,546,963 (July 2009 est.)

Country Risk Ratings

B

Ease of Doing Business

62/181

Global Competitiveness

3.95/134

Country Map

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gE Network

There are 28 members in the
gE Network for this country.

Peru : Introduction

Ancient Peru was the seat of several prominent Andean civilizations, most notably that of the Incas whose empire was captured by the Spanish conquistadors in 1533. Peruvian independence was declared in 1821, and remaining Spanish forces defeated in 1824. After a dozen years of military rule, Peru returned to democratic leadership in 1980, but experienced economic problems and the growth of a violent insurgency. President Alberto FUJIMORI's election in 1990 ushered in a decade that saw a dramatic turnaround in the economy and significant progress in curtailing guerrilla activity. Nevertheless, the president's increasing reliance on authoritarian measures and an economic slump in the late 1990s generated mounting dissatisfaction with his regime, which led to his ouster in 2000. A caretaker government oversaw new elections in the spring of 2001, which ushered in Alejandro TOLEDO as the new head of government - Peru's first democratically elected president of Native American ethnicity. The presidential election of 2006 saw the return of Alan GARCIA who, after a disappointing presidential term from 1985 to 1990, returned to the presidency with promises to improve social conditions and maintain fiscal responsibility.

Peru: Banco Central de Reserva del Peru

This central bank's main function is the creation of necessary conditions for sustained growth by preserving monetary stability. Its website features updated economic and financial indicators as well as links to the main banking laws in the country.

Peru: Bolsa de Valores de Lima

Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (May 2009)