Country Fact Sheet: Peru
The Republic of Peru is located in Western South America bordering Ecuador, Colombia, Brazil, Bolivia, Chile, and the South Pacific Ocean. Peru is about the size of Alaska and covers an area of 1,285,220sq. kilometers. The total population is 29.85 million and is growing at a rate of 1% with 77% living in urban areas. The capital of Lima has a population of 7.6 million with other main cities including Arequipa (734,000), Trujillo (600,000), and Chiclayo (490,000). The people are governed by a constitutional republic and are predominately Roman Catholic. The primary language is Spanish with the native Quechua also being an official language. The local currency is the Peruvian Nuevo Sol.
Peru is characterized by a wide variety of climates and an abundance of resources including minerals and metals. Its economy has experienced a period of growth since 2002, reducing the national poverty rate by 15% and moving towards a free-trade system. In February 2009 the US-Peru Trade Promotion Agreement entered into force. Peru’s main trade partners are the US, China, Canada, Brazil, Japan, Chile, Argentina, Colombia, Switzerland, and Spain. Its primary imports are petroleum and petroleum products, plastics, machinery, vehicles, iron and steel, wheat, and paper. Exports include copper, gold, zinc, crude petroleum and petroleum products, coffee, potatoes, asparagus, textiles, and fishmeal. Peru’s GDP (Purchasing Power Parity) is $332 billion and is growing at a real rate of 6.3% with an inflation rate of 3.7%. Peru ranked 43 out of 185 countries in the World Bank Group’s Ease of Doing Business Ranking.
|Demographic Data||Economic Data||Cultural & Other Data|
|Area (sq. km.)||1,285,220||GDP (PPP, $bn)||332||Capital||Lima|
|Population (million)||29.85||GDP Real Growth (%)||6.3||Other Large Cities||Arquipa, Trujillo, Chiclayo|
|Population Growth (%)||1||PerCap GDP ($)||10,900||Primary Language||Spanish|
|Population Under 15yrs (%)||27.6||Prime Lending Rate (%)||19.23||Urbanization||77|
|Population below poverty line (%)||27.8||Inflation Rate%||3.7||Urban Growth||1.6|
|Agricultural Workers (% of population)||0.7||Unemployment%||6.8||Literacy (population %)||92.9|
|Industrial Workers (% of population)||23.8||Foreign Direct Investment ($bn)||63.51||Education spending % of GDP||2.6|
|Service Workers (% of population)||75.5||Debt-External ($bn)||52.59||CPI Score (1-100)*||38|
|Labor Force (mil)||16.2||Exports ($bn)||45.64||Corporate Income Tax %||30|
|Imports ($bn)||41.11||Ease of Doing Business Ranking **||43|
Click the links below for articles with more information on Franchising in Peru
Doing Business in Peru (2011)
The Future of Latin America (2007)
* CPI Score is published by Transparency International and relates to the perceptions of the degree of corruption as seen by business people and country analysts and ranges between 100 (highly clean) and 0 (highly corrupt).
**Ease of Doing Business Ranking is determined by the World Bank Group and is ranked out of a possible 185 countries. www.doingbusiness.org
Most recent statistics have been taken from the CIA World Factbook unless noted otherwise.
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