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Peru: Government

Key Figures

Chief of State:
President jose Pedro Castillo Terrones; Vice President Dina Ercilia Boluarte Zegarra
Head of Government:
President jose Pedro Castillo Terrones; Vice President Dina Ercilia Boluarte Zegarra

Overview

Government Name:
Republic of Peru
Constitution:
Adopted: 1993; Replaced former socialist constitution to give greater power to president as he appoints the prime minister and ultimately has final say in almost every governmental matter. Another section of the constitution outlines the powers of the legislative branch but not the judiciary (nominally independent).
Government Type:
Presidential Republic
Republic of Peru Flag
Coat of Arms of Republic of Peru

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2023)

Country Risk Rating

B
Political and economic uncertainties and an occasionally difficult business environment can affect corporate payment behavior. Corporate default probability is appreciable. Source: Coface (2022)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

Represents Peru's interests as head of state and directs governmental policies. Can block legislation that the executive branch does not agree with.

President is elected by absolute majority vote through a two-round system.

5 years
Judicial

Administers justice hierarchically. Upholds law and equal treatment of citizens.

Justices are proposed by the National Council of the Judiciary, nominated by the president, and confirmed by congress.

Mandatory retirement age of 70
Legislative

Passes laws, ratifies treaties, authorizes loans and approves budget.

Congress of the Republic members are elected by open list proportional representation in multi-member constituencies.

5 years

Regional Trade Blocs
APEC
CAN
TPP

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
General Tax Admission
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/