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    Peru Index 2006

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    Peru Economy - 2006
    https://theodora.com/wfbcurrent/peru/peru_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Peru's economy reflects its varied geography - an arid coastal region, the Andes further inland, and tropical lands bordering Colombia and Brazil. Abundant mineral resources are found in the mountainous areas, and Peru's coastal waters provide excellent fishing grounds. However, overdependence on minerals and metals subjects the economy to fluctuations in world prices, and a lack of infrastructure deters trade and investment. After several years of inconsistent economic performance, the Peruvian economy grew by more than 4 percent per year during the period 2002-2005, with a stable exchange rate and low inflation. Risk premiums on Peruvian bonds on secondary markets reached historically low levels in late 2004, reflecting investor optimism regarding the government's prudent fiscal policies and openness to trade and investment. Despite the strong macroeconomic performance, the TOLEDO administration remained unpopular in 2005, and unemployment and poverty have stayed persistently high. Economic growth will be driven by the Camisea natural gas megaproject and by exports of minerals, textiles, and agricultural products. Peru is expected to sign a free-trade agreement with the United States in early 2006.

      GDP (purchasing power parity):
      $169.5 billion (2005 est.)

      GDP (official exchange rate):
      $71.65 billion (2005 est.)

      GDP - real growth rate:
      5.8% (2005 est.)

      GDP - per capita (PPP):
      $6,100 (2005 est.)

      GDP - composition by sector:
      agriculture: 8%
      industry: 27%
      services: 65% (2003 est.)

      Labor force:
      9.06 million (2005 est.)

      Labor force - by occupation:
      agriculture: 9%
      industry: 18%
      services: 73% (2001)

      Unemployment rate:
      8.7% in metropolitan Lima; widespread underemployment (2005 est.)

      Population below poverty line:
      54% (2003 est.)

      Household income or consumption by percentage share:
      lowest 10%: 0.8%
      highest 10%: 37.2% (2000)

      Distribution of family income - Gini index:
      49.8 (2000)

      Inflation rate (consumer prices):
      1.6% (2005 est.)

      Investment (gross fixed):
      18.6% of GDP (2005 est.)

      Budget:
      revenues: $21.87 billion
      expenditures: $22.47 billion; including capital expenditures of $1.8 billion for general government, but excluding private enterprises (2005 est.)

      Public debt:
      41.8% of GDP (2005 est.)

      Agriculture - products:
      coffee, cotton, sugarcane, rice, potatoes, corn, plantains, grapes, oranges, coca; poultry, beef, dairy products; fish

      Industries:
      mining and refining of minerals; steel, metal fabrication; petroleum extraction and refining, natural gas; fishing and fish processing, textiles, clothing, food processing

      Industrial production growth rate:
      6.6% (2005 est.)

      Electricity - production:
      22.68 billion kWh (2003 est.)

      Electricity - consumption:
      21.09 billion kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      120,000 bbl/day (2005 est.)

      Oil - consumption:
      157,000 bbl/day (2003 est.)

      Oil - exports:
      49,000 bbl/day (2004 est.)

      Oil - imports:
      NA bbl/day

      Oil - proved reserves:
      370 million bbl (2005 est.)

      Natural gas - production:
      560 million cu m (2003 est.)

      Natural gas - consumption:
      910 million cu m (2004 est.)

      Natural gas - exports:
      0 cu m (2004 est.)

      Natural gas - imports:
      0 cu m (2004 est.)

      Natural gas - proved reserves:
      247.1 billion cu m (2005)

      Current account balance:
      $241 million (2005 est.)

      Exports:
      $15.95 billion f.o.b. (2005 est.)

      Exports - commodities:
      copper, gold, zinc, crude petroleum and petroleum products, coffee

      Exports - partners:
      US 29.5%, China 9.9%, UK 9%, Chile 5.1%, Japan 4.4% (2004)

      Imports:
      $12.15 billion f.o.b. (2005 est.)

      Imports - commodities:
      petroleum and petroleum products, plastics, machinery, vehicles, iron and steel, wheat, paper

      Imports - partners:
      US 30.3%, Spain 11.5%, Chile 7.2%, Brazil 5.4%, Colombia 5.2% (2004)

      Reserves of foreign exchange and gold:
      $15.34 billion (2005 est.)

      Debt - external:
      $30.18 billion (30 June 2005 est.)

      Economic aid - recipient:
      $491 million (2002)

      Currency (code):
      nuevo sol (PEN)

      Exchange rates:
      nuevo sol per US dollar - 3.2958 (2005), 3.4132 (2004), 3.4785 (2003), 3.5165 (2002), 3.5068 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Peru on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Peru Economy 2006 information contained here. All suggestions for corrections of any errors about Peru Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/peru/peru_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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