Economy of Peru
Population: 31.99 M (2018)
GDP per Capita: 6,941 USD (2018)
222,040 M.

GDP USD

(2018)

Display Chart
56,350 M.

EXPORTS USD

(2018)

Display Chart
52,260 M.

IMPORTS USD

(2018)

Display Chart
25.76 %

PUBLIC DEBT

(2018)

Display Chart
Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.98 % (2018)
GDP of 2010 USD USD 206.40 B. (2018)
GDP Current USD USD 222.04 B. (2018)
GDP per Capita Current USD USD 6,941 (2018)
GDP per capita, PPP USD 12,794 (2018)
GDP per Capita, 2010 USD USD 6,454 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 13.11 % (2018)
Government Spending USD 29.11 B. (2018)
Government Debt % GDP 25.76 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 173.93 (2018)
Trade Openness 48.91 % (2018)
Exports of Goods and Services % GDP 25.38 % (2018)
Exports Goods & Services USD 56.35 B. (2018)
Exports Annual Growth 3.91 % (2018)
Imports as % GDP 23.54 % (2018)
Total Imports USD 52.26 B. (2018)
Foreign Direct Investment % GDP 2.92 % (2018)
Foreign Direct Investment USD 6.49 B. (2018)
Current Account Balance % GDP USD -1.62 % (2018)
Current Account Balance USD -3.59 B. (2018)
Trade Balance % GDP 1.84 % (2018)
Trade Balance USD 4.66 B. (2018)
Foreign Exchange Reserves incl Gold USD 60.33 B. (2018)
Remittances % GDP 1.45 % (2018)
Remittances USD 3,225 M. (2018)
Balance of Payments USD 1,298 M. (2017)

Labor Market

Indicator Value
Labor Force 18.82 M. (2019)
Unemployment Rate 2.90 % (2019)
Unemployment Rate Females 3.41 % (2019)
Unemployment Rate Males 3.23 % (2019)
Youth Unemployment (ages 15-24) 6.41 % (2019)
Labor Force Participation Rate 77.44 % (2019)
Labor Force (Percent Female) 45.74 % (2019)
Female Labor Force Participation Rate 70.19 % (2019)
Male Labor Force Participation Rate 84.82 % (2019)
Dependent People 51.24 % (2018)

Agriculture Sector

Indicator Value
Forest Area 57.70 % (2016)
Forest Area km² 738,054 km² (2016)
Agricultural Land 18.51 % (2016)
Agricultural Land km² 236,870 km² (2016)
Employment 27.21 % (2019)
Value added % GDP 6.89 % (2018)
Agriculture Value added USD 15.30 B. (2018)
Crop Production Index 146.30 (2016)
Precipitation 1,738 mm (2014)
Arable Land 3 % (2016)
Cereal Yield 4,167 kg/hectare (2017)
Food production index 152 (2016)
Rural Population 22 % (2018)
Fertilizer use of Arable Land 128 kg/hectare (2016)
Livestock Production Index 159 (2016)
Economy of Peru

According to the World Bank and its latest published data, the economy of the Peru presents a growth rate of 3.98 % (2018) to the previous year.

With a population that reaches 31.99 M (2018) and a gross domestic product of USD 222.04 B. (2018), it translates a Gross Domestic Product per Capita of USD 6,941 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Peru also has a workforce of 18.82 M. (2019) with an unemployment rate of 2.90 % (2019), where women represent 3.41 % (2019) and men 3.23 % (2019), the unemployment rate for young people between 15-24 years old stood at 6.41 % (2019). The total number of dependent people stands at 51.24 % (2018).

The central government spent 13.11 % (2018) of its gross domestic product that year, which in absolute terms is USD 29.11 B. (2018). Its consolidated public debt reached 25.76 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Peru exported USD 56.35 B. (2018), which represents 25.38 % (2018) of its gross domestic product, in that same sense its imports reached USD 52.26 B. (2018) with a direct foreign investment of USD 6.49 B. (2018).

Peru has a forest area of 738,054 km² (2016), which represents 57.70 % (2016) of its total area, an average rainfall of 1,738 mm (2014) per year and a population of 22 % (2018) living in rural areas. With a total area of 236,870 km² (2016) available for agriculture and 27.21 % (2019) of its employments, the agricultural sector contributes to the economy of the Peru about USD 15.30 B. (2018) (6.89 % (2018) of its GDP).