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) | $391,680,336,563 (2020) |
| GDP Growth Rate (annual %) | -11.149% (2020) |
| GDP Per Capita, PPP (current international) | $11,879 (2020) |
GDP Country Rank 49/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.826% (2020) |
| External debt stocks, total (DOD, current US$) | $64,204,059,473 (2019) |
| Total tax rate (% of commercial profits) | 36.8% (2019) |
| Real Interest Rate (5 year average %) | 8.371% (2020) |
| Manufacturing, value added (% of GDP) | 13% (2019) |
| Current Account Balance (BoP, current US$) | ($3,531,134,866) (2019) |
Labor and Employment [1]
| Labor Force, Total | 16,181,966 (2020) |
| Employment in Agriculture (% of total employment) | 27.219% (2020) |
| Employment in Industry (% of total employment) | 15.254% (2020) |
| Employment in Services (% of total employment) | 57.527% (2020) |
| Unemployment Rate | 6.24% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $42,629,545,910 (2020) |
| Exports of goods and services (current US$) | $45,118,887,522 (2020) |
| Total Merchandise Trade (% of GDP) | 38.862% (2020) |
| FDI, net inflows (BoP, current US$) | $8,891,912,446 (2019) |
| Commercial Service Exports (current US$) | $7,025,135,749 (2019) |
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.