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 (2019): 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) | $418,859,279,287 (2018) |
| GDP Growth Rate (annual %) | 3.977% (2018) |
| GDP Per Capita, PPP (current international) | $13,094 (2018) |
GDP Country Rank 48/196 (2018)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.137% (2019) |
| External debt stocks, total (DOD, current US$) | $66,697,380,388 (2018) |
| Total tax rate (% of commercial profits) | 36.8% (2019) |
| Real Interest Rate (5 year average %) | 12.985% (2016) |
| Manufacturing, value added (% of GDP) | 12.94% (2018) |
| Current Account Balance (BoP, current US$) | ($3,593,583,886) (2018) |
Labor and Employment [1]
| Labor Force, Total | 18,864,820 (2019) |
| Employment in Agriculture (% of total employment) | 27.386% (2019) |
| Employment in Industry (% of total employment) | 15.345% (2019) |
| Employment in Services (% of total employment) | 57.268% (2019) |
| Unemployment Rate | 3.31% (2019) |
Trade [1]
| Imports of goods and services (current US$) | $52,262,824,804 (2018) |
| Exports of goods and services (current US$) | $56,347,593,257 (2018) |
| Total Merchandise Trade (% of GDP) | 41.582% (2018) |
| FDI, net inflows (BoP, current US$) | $6,487,906,281 (2018) |
| Commercial Service Exports (current US$) | $6,886,837,804 (2018) |
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.