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 (2016): 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) | $432,115,165,630 (2017) |
| GDP Growth Rate (annual %) | 2.527% (2017) |
| GDP Per Capita, PPP (current international) | $13,434 (2017) |
GDP Country Rank 46/195 (2017)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 3.596% (2016) |
| External debt stocks, total (DOD, current US$) | $69,503,047,000 (2016) |
| Total tax rate (% of commercial profits) | 35.6% (2017) |
| Real Interest Rate (5 year average %) | 12.373% (2016) |
| Manufacturing, value added (% of GDP) | 13.194% (2016) |
| Current Account Balance (BoP, current US$) | ($2,719,703,293) (2017) |
Labor and Employment [1]
| Labor Force, Total | 17,902,590 (2017) |
| Employment in Agriculture (% of total employment) | 28.421% (2017) |
| Employment in Industry (% of total employment) | 15.893% (2017) |
| Employment in Services (% of total employment) | 55.686% (2017) |
| Unemployment Rate | 3.591% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $47,781,457,969 (2017) |
| Exports of goods and services (current US$) | $51,290,520,440 (2017) |
| Total Merchandise Trade (% of GDP) | 40.103% (2017) |
| FDI, net inflows (BoP, current US$) | $6,769,497,317 (2017) |
| Commercial Service Exports (current US$) | $6,845,377,298 (2017) |
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.