1UpTravel


 

You are here >1uptravel > International > South America > Peru



ADVERTISEMENT

Country

 At a Glance

  Introduction

  Topography

  History & Culture

  Life

  Cuisine

  Holidays

  Festivals

  Embassies

  Administration

  Newstand


 Worth a Visit !!

  Cities

  Attractions

  Maps & Cities

  Shopping

  Eating Out

  Recreation

  Essentials

  Travel Links


 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Transnational issues


Related

  Peru Guide
  Peru Maps
  Peru Hotels
  Peru Flag
  More Peru Flags
  Peru Geography
  Peru Travel Warning



Travel & Tourism . Tourist Guide to the Country

Peru Economy




Peru    Economy Top of Page
Economy - overview: The Peruvian economy has become increasingly market-oriented, with major privatizations completed since 1990 in the mining, electricity, and telecommunications industries. Thanks to strong foreign investment and the cooperation between the FUJIMORI government and the IMF and World Bank, growth was strong in 1994-97 and inflation was brought under control. In 1998, El Nino's impact on agriculture, the financial crisis in Asia, and instability in Brazilian markets undercut growth. And 1999 was another lean year for Peru, with the aftermath of El Nino and the Asian financial crisis working its way through the economy. Political instability resulting from the presidential election and FUJIMORI's subsequent departure from office limited economic growth in 2000.
GDP: purchasing power parity - $123 billion (2000 est.)
GDP - real growth rate: 3.6% (2000 est.)
GDP - per capita: purchasing power parity - $4,550 (2000 est.)
GDP - composition by sector: agriculture:  15%

industry:  42%

services:  43% (1999)
Population below poverty line: 49% (1994 est.)
Household income or consumption by percentage share: lowest 10%:  1.9%

highest 10%:  34.3% (1994)
Inflation rate (consumer prices): 3.7% (2000 est.)
Labor force: 7.6 million (1996 est.)
Labor force - by occupation: agriculture, mining and quarrying, manufacturing, construction, transport, services
Unemployment rate: 7.7%; extensive underemployment (1997)
Budget: revenues:  $8.5 billion

expenditures:  $9.3 billion, including capital expenditures of $2 billion (1996 est.)
Industries: mining of metals, petroleum, fishing, textiles, clothing, food processing, cement, auto assembly, steel, shipbuilding, metal fabrication
Industrial production growth rate: 8.5% (2000 est.)
Electricity - production: 18.886 billion kWh (1999)
Electricity - production by source: fossil fuel:  23.04%

hydro:  76.43%

nuclear:  0%

other:  0.53% (1999)
Electricity - consumption: 17.565 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 1 million kWh (1999)
Agriculture - products: coffee, cotton, sugarcane, rice, wheat, potatoes, plantains, coca; poultry, beef, dairy products, wool; fish
Exports: $7 billion (f.o.b., 2000 est.)
Exports - commodities: fish and fish products, copper, zinc, gold, crude petroleum and byproducts, lead, coffee, sugar, cotton
Exports - partners: US 29%, EU 25%, Andean Community 6%, Japan 4%, Mercosur 3% (1999)
Imports: $7.4 billion (f.o.b., 2000 est.)
Imports - commodities: machinery, transport equipment, foodstuffs, petroleum, iron and steel, chemicals, pharmaceuticals
Imports - partners: US 32%, EU 21%, Andean Community 6%, Mercosur 8%, Japan 5% (1999)
Debt - external: $31 billion (2000 est.)
Economic aid - recipient: $895.1 million (1995)
Currency: nuevo sol (PEN)
Currency code: PEN
Exchange rates: nuevo sol per US dollar - 3.5230 (January 2001), 3.4900 (2000), 3.383 (1999), 2.930 (1998), 2.664 (1997), 2.453 (1996)
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks

DESTINATIONS

Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions

PHOTO SPECIAL

Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders

UTILITIES

World Time ISD Codes Travel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy