Peru: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Peru's strong economic growth and performance caused its poverty rate to drop by 23% since 2002. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, United States, and Brazil |
| Top Industries Source: CIA World Factbook | Mining and Refining of Minerals; Steel; Metal Fabrication; Petroleum Extraction and Refining |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $512,361,799,464 (2022) |
| GDP Growth Rate (annual %) | 2.684% (2022) |
| GDP Per Capita, PPP (current international) | $15,048 (2022) |
GDP Country Rank 47/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 8.334% (2022) |
| External debt stocks, total (DOD, current US$) | $87,464,497,529 (2021) |
| Total tax rate (% of commercial profits) | 36.8% (2019) |
| Real Interest Rate (5 year average %) | 7.868% (2022) |
| Manufacturing, value added (% of GDP) | 11.636% (2021) |
| Current Account Balance (BoP, current US$) | ($9,908,197,771) (2022) |
Labor and Employment [1]
| Labor Force, Total | 18,156,333 (2022) |
| Employment in Agriculture (% of total employment) | 27.858% (2021) |
| Employment in Industry (% of total employment) | 17.025% (2021) |
| Employment in Services (% of total employment) | 55.117% (2021) |
| Unemployment Rate | 3.661% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $70,593,271,490 (2022) |
| Exports of goods and services (current US$) | $71,134,054,258 (2022) |
| Total Merchandise Trade (% of GDP) | 49.29% (2022) |
| FDI, net inflows (BoP, current US$) | $10,848,486,728 (2022) |
| Commercial Service Exports (current US$) | $4,782,900,377 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Peru’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.