🇵🇪 Peru

South America

Page last updated: May 22, 2024

Introduction

Background

Ancient Peru was the seat of several prominent Andean civilizations, most notably that of the Incas whose empire was captured by Spanish conquistadors in 1533. Peru declared its independence in 1821, and remaining Spanish forces were defeated in 1824. After a dozen years of military rule, Peru returned to democratic leadership in 1980 but experienced economic problems and the growth of a violent insurgency. President Alberto FUJIMORI's election in 1990 ushered in a decade that saw a dramatic turnaround in the economy and significant progress in curtailing guerrilla activity. Nevertheless, an economic slump and the president's increasing reliance on authoritarian measures in the late 1990s generated mounting dissatisfaction with his regime, which led to his resignation in 2000.

A caretaker government oversaw a new election in 2001 that installed Alejandro TOLEDO Manrique as the new head of government - Peru's first democratically elected president of indigenous ethnicity. The presidential election of 2006 saw the return of Alan GARCIA Perez who, after a disappointing presidential term from 1985 to 1990, presided over a robust economic rebound. Former army officer Ollanta HUMALA Tasso was elected president in 2011 and carried on the market-oriented economic policies of the three preceding administrations. Pedro Pablo KUCZYNSKI Godard won a very narrow runoff in the 2016 presidential election. Facing impeachment after evidence surfaced of his involvement in a vote-buying scandal, KUCZYNSKI offered his resignation in 2018, and First Vice President Martin Alberto VIZCARRA Cornejo was sworn in as president. In 2019, VIZCARRA invoked his constitutional authority to dissolve Peru's Congress after months of battling with the body over anticorruption reforms. New congressional elections in 2020 resulted in an opposition-led legislature. The Congress impeached VIZCARRA for a second time and removed him from office after accusations of corruption and mishandling of the COVID-19 pandemic. Because of vacancies in the vice-presidential positions, the President of the Peruvian Congress, Manuel MERINO, became the next president. His ascension to office was not well received, and large protests forced his resignation later in 2020. Francisco SAGASTI assumed the position of President of Peru after being appointed President of the Congress the previous day. Jose Pedro CASTILLO Terrones won presidential election in 2021 but was impeached and ousted the following year; his vice president, Dina BOLUARTE, assumed the presidency by constitutional succession in 2022.

Geography

Location

Western South America, bordering the South Pacific Ocean, between Chile and Ecuador

Geographic coordinates

10 00 S, 76 00 W

Map references

South America

Area

Total: 1,285,216 km²

Land: 1,279,996 km²

Water: 5,220 km²

Area - comparative

Almost twice the size of Texas; slightly smaller than Alaska

Area comparison map:

Land boundaries

Total: 7,062 km

Border countries (5): Bolivia 1,212 km; Brazil 2,659 km; Chile 168 km; Colombia 1,494 km; Ecuador 1,529 km

Coastline

2,414 km

Maritime claims

Territorial sea: 200 nm; note: the US does not recognize this claim

Exclusive economic zone: 200 nm

Continental shelf: 200 nm

Climate

Varies from tropical in east to dry desert in west; temperate to frigid in Andes

Terrain

Western coastal plain (costa), high and rugged Andes in center (sierra), eastern lowland jungle of Amazon Basin (selva)

Elevation

Highest point: Nevado Huascaran 6,746 m

Lowest point: Pacific Ocean 0 m

Mean elevation: 1,555 m

Natural resources

Copper, silver, gold, petroleum, timber, fish, iron ore, coal, phosphate, potash, hydropower, natural gas

Land use

Agricultural land: 18.8% (2018 est.)

Arable land: 3.1% (2018 est.)

Permanent crops: 1.1% (2018 est.)

Permanent pasture: 14.6% (2018 est.)

Forest: 53% (2018 est.)

Other: 28.2% (2018 est.)

Irrigated land

25,800 km² (2012)

Major lakes (area km²)

Fresh water lake(s): Lago Titicaca (shared with Bolivia) - 8,030 km²

Major rivers (by length in km)

Amazon river source (shared with Brazil [m]) - 6,400 km

Note – [s] after country name indicates river source; [m] after country name indicates river mouth

Major watersheds (area km²)

Atlantic Ocean drainage: Amazon (6,145,186 km²)

Major aquifers

Amazon Basin

Population distribution

Approximately one-third of the population resides along the desert coastal belt in the west, with a strong focus on the capital city of Lima; the Andean highlands, or sierra, which is strongly identified with the country's Amerindian population, contains roughly half of the overall population; the eastern slopes of the Andes, and adjoining rainforest, are sparsely populated

Natural hazards

Earthquakes, tsunamis, flooding, landslides, mild volcanic activity

Volcanism: volcanic activity in the Andes Mountains; Ubinas (5,672 m), which last erupted in 2009, is the country's most active volcano; other historically active volcanoes include El Misti, Huaynaputina, Sabancaya, and Yucamane; see note 2 under "Geography - note"

Geography - note

Note 1: shares control of Lago Titicaca, world's highest navigable lake, with Bolivia; a remote slope of Nevado Mismi, a 5,316 m peak, is the ultimate source of the Amazon River

Note 2: Peru is one of the countries along the Ring of Fire, a belt of active volcanoes and earthquake epicenters bordering the Pacific Ocean; up to 90% of the world's earthquakes and some 75% of the world's volcanoes occur within the Ring of Fire

Note 3: on 19 February 1600, Mount Huaynaputina in the southern Peruvian Andes erupted in the largest volcanic explosion in South America in historical times; intermittent eruptions lasted until 5 March 1600 and pumped an estimated 16 to 32 million metric tons of particulates into the atmosphere reducing the amount of sunlight reaching the earth's surface and affecting weather worldwide; over the next two and a half years, millions died around the globe in famines from bitterly cold winters, cool summers, and the loss of crops and animals

Note 4: the southern regions of Peru and the extreme northwestern part of Bolivia are considered to be the place of origin for the common potato

People and Society

Population

Total: 32,600,249

Male: 15,952,556

Female: 16,647,693 (2024 est.)

Comparison rankings: female 46; male 48; total 47

Nationality

Noun: Peruvian(s)

Adjective: Peruvian

Ethnic groups

Mestizo (mixed Indigenous and White) 60.2%, Indigenous 25.8%, White 5.9%, African descent 3.6%, other (includes Chinese and Japanese descent) 1.2%, unspecified 3.3% (2017 est.)

Languages

Spanish (official) 82.9%, Quechua (official) 13.6%, Aymara (official) 1.6%, Ashaninka 0.3%, other native languages (includes a large number of minor Amazonian languages) 0.8%, other (includes foreign languages and sign language) 0.2%, none 0.1%, unspecified 0.7% (2017 est.)

Major-language sample(s):

La Libreta Informativa del Mundo, la fuente indispensable de información básica. (Spanish)

The World Factbook, the indispensable source for basic information.

Religions

Roman Catholic 66.4%, Protestant 22.4% (Evangelical 19.6%, other Protestant 1.3%), other 1.9%, agnostic/atheist none 6.8%, unspecified 1.2% (2023 est.)

Demographic profile

Peru's urban and coastal communities have benefited much more from recent economic growth than rural, Afro-Peruvian, indigenous, and poor populations of the Amazon and mountain regions. The poverty rate has dropped substantially during the last decade but remains stubbornly high at about 30% (more than 55% in rural areas). After remaining almost static for about a decade, Peru's malnutrition rate began falling in 2005, when the government introduced a coordinated strategy focusing on hygiene, sanitation, and clean water. School enrollment has improved, but achievement scores reflect ongoing problems with educational quality. Many poor children temporarily or permanently drop out of school to help support their families. About a quarter to a third of Peruvian children aged 6 to 14 work, often putting in long hours at hazardous mining or construction sites.

Peru was a country of immigration in the 19th and early 20th centuries, but has become a country of emigration in the last few decades. Beginning in the 19th century, Peru brought in Asian contract laborers mainly to work on coastal plantations. Populations of Chinese and Japanese descent - among the largest in Latin America - are economically and culturally influential in Peru today. Peruvian emigration began rising in the 1980s due to an economic crisis and a violent internal conflict, but outflows have stabilized in the last few years as economic conditions have improved. Nonetheless, more than 2 million Peruvians have emigrated in the last decade, principally to the US, Spain, and Argentina.

Age structure

0-14 years: 25.8% (male 4,293,229/female 4,119,269)

15-64 years: 66.2% (male 10,546,502/female 11,041,106)

65 years and over: 8% (2024 est.) (male 1,112,825/female 1,487,318)

2023 population pyramid:

Dependency ratios

Total dependency ratio: 53

Youth dependency ratio: 37.1

Elderly dependency ratio: 13.1

Potential support ratio: 7.9 (2021 est.)

Median age

Total: 30.2 years (2024 est.)

Male: 29.1 years

Female: 31.3 years

Population growth rate

0.48% (2024 est.)

Birth rate

16.7 births/1,000 population (2024 est.)

Death rate

10.9 deaths/1,000 population (2024 est.)

Net migration rate

-1 migrant(s)/1,000 population (2024 est.)

Population distribution

Approximately one-third of the population resides along the desert coastal belt in the west, with a strong focus on the capital city of Lima; the Andean highlands, or sierra, which is strongly identified with the country's Amerindian population, contains roughly half of the overall population; the eastern slopes of the Andes, and adjoining rainforest, are sparsely populated

Urbanization

Urban population: 78.9% of total population (2023)

Rate of urbanization: 1.33% annual rate of change (2020-25 est.)

Total population growth rate v. urban population growth rate, 2000-2030

Major urban areas - population

11.204 million LIMA (capital), 959,000 Arequipa, 904,000 Trujillo (2023)

Sex ratio

At birth: 1.05 male(s)/female

0-14 years: 1.04 male(s)/female

15-64 years: 0.96 male(s)/female

65 years and over: 0.75 male(s)/female

Total population: 0.96 male(s)/female (2024 est.)

Mother's mean age at first birth

21.9 years (2013 est.)

Note: data represents median age at first birth among women 25-49

Maternal mortality ratio

69 deaths/100,000 live births (2020 est.)

Infant mortality rate

Total: 10.8 deaths/1,000 live births (2024 est.)

Male: 11.9 deaths/1,000 live births

Female: 9.7 deaths/1,000 live births

Life expectancy at birth

Total population: 68.9 years (2024 est.)

Male: 65.4 years

Female: 72.7 years

Total fertility rate

2.15 children born/woman (2024 est.)

Gross reproduction rate

1.05 (2024 est.)

Contraceptive prevalence rate

77.4% (2020)

Drinking water source

Improved: urban: 97.2% of population

Rural: 82.4% of population

Total: 94% of population

Unimproved: urban: 2.8% of population

Rural: 17.6% of population

Total: 6% of population (2020 est.)

Current health expenditure

6.3% of GDP (2020)

Physicians density

1.37 physicians/1,000 population (2018)

Hospital bed density

1.6 beds/1,000 population (2017)

Sanitation facility access

Improved: urban: 93.6% of population

Rural: 65.3% of population

Total: 87.4% of population

Unimproved: urban: 6.4% of population

Rural: 34.7% of population

Total: 12.6% of population (2020 est.)

Major infectious diseases

Degree of risk: very high (2023)

Food or waterborne diseases: bacterial diarrhea, hepatitis A, and typhoid fever

Vectorborne diseases: dengue fever, malaria, Bartonellosis (Oroya fever), and sexually transmitted diseases: hepatitis B (2024)

Obesity - adult prevalence rate

19.7% (2016)

Alcohol consumption per capita

Total: 5.74 liters of pure alcohol (2019 est.)

Beer: 3.01 liters of pure alcohol (2019 est.)

Wine: 0.46 liters of pure alcohol (2019 est.)

Spirits: 2.26 liters of pure alcohol (2019 est.)

Other alcohols: 0.01 liters of pure alcohol (2019 est.)

Tobacco use

Total: 8.1% (2020 est.)

Male: 13.2% (2020 est.)

Female: 3% (2020 est.)

Children under the age of 5 years underweight

2.1% (2021)

Currently married women (ages 15-49)

51.2% (2023 est.)

Child marriage

Women married by age 15: 2%

Women married by age 18: 14.1% (2020 est.)

Education expenditures

4% of GDP (2021 est.)

Literacy

Definition: age 15 and over can read and write

Total population: 94.5%

Male: 97%

Female: 92% (2020)

School life expectancy (primary to tertiary education)

Total: 15 years

Male: 15 years

Female: 15 years (2017)

Environment

Environment - current issues

Deforestation (some the result of illegal logging); overgrazing leading to soil erosion; desertification; air pollution in Lima; pollution of rivers and coastal waters from municipal and mining wastes; overfishing

Environment - international agreements

Party to: Antarctic-Environmental Protection, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Desertification, Endangered Species, Hazardous Wastes, Marine Dumping-London Convention, Marine Dumping-London Protocol, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands, Whaling

Signed, but not ratified: none of the selected agreements

Climate

Varies from tropical in east to dry desert in west; temperate to frigid in Andes

Land use

Agricultural land: 18.8% (2018 est.)

Arable land: 3.1% (2018 est.)

Permanent crops: 1.1% (2018 est.)

Permanent pasture: 14.6% (2018 est.)

Forest: 53% (2018 est.)

Other: 28.2% (2018 est.)

Urbanization

Urban population: 78.9% of total population (2023)

Rate of urbanization: 1.33% annual rate of change (2020-25 est.)

Total population growth rate v. urban population growth rate, 2000-2030

Revenue from forest resources

0.12% of GDP (2018 est.)

Revenue from coal

0% of GDP (2018 est.)

Air pollutants

Particulate matter emissions: 29.07 micrograms per cubic meter (2019 est.)

Carbon dioxide emissions: 57.41 megatons (2016 est.)

Methane emissions: 30.17 megatons (2020 est.)

Waste and recycling

Municipal solid waste generated annually: 8,356,711 tons (2014 est.)

Municipal solid waste recycled annually: 334,268 tons (2012 est.)

Percent of municipal solid waste recycled: 4% (2012 est.)

Major lakes (area km²)

Fresh water lake(s): Lago Titicaca (shared with Bolivia) - 8,030 km²

Major rivers (by length in km)

Amazon river source (shared with Brazil [m]) - 6,400 km

Note – [s] after country name indicates river source; [m] after country name indicates river mouth

Major watersheds (area km²)

Atlantic Ocean drainage: Amazon (6,145,186 km²)

Major aquifers

Amazon Basin

Total water withdrawal

Municipal: 2.24 billion cubic meters (2020 est.)

Industrial: 3.51 billion cubic meters (2020 est.)

Agricultural: 32.8 billion cubic meters (2020 est.)

Total renewable water resources

1.88 trillion cubic meters (2020 est.)

Geoparks

Total global geoparks and regional networks: 1

Global geoparks and regional networks: Colca y Volcanes de Andagua (2023)

Government

Country name

Conventional long form: Republic of Peru

Conventional short form: Peru

Local long form: República del Perú

Local short form: Perú

Etymology: exact meaning is obscure, but the name may derive from a native word "biru" meaning "river"

Government type

Presidential republic

Capital

Name: Lima

Geographic coordinates: 12 03 S, 77 03 W

Time difference: UTC-5 (same time as Washington, DC, during Standard Time)

Etymology: the word "Lima" derives from the Spanish pronunciation of "Limaq," the native name for the valley in which the city was founded in 1535; "limaq" means "talker" in coastal Quechua and referred to an oracle that was situated in the valley but which was eventually destroyed by the Spanish and replaced with a church

Administrative divisions

25 regions (regiones, singular - region) and 1 province* (provincia); Amazonas, Ancash, Apurimac, Arequipa, Ayacucho, Cajamarca, Callao, Cusco, Huancavelica, Huanuco, Ica, Junin, La Libertad, Lambayeque, Lima, Lima*, Loreto, Madre de Dios, Moquegua, Pasco, Piura, Puno, San Martin, Tacna, Tumbes, Ucayali

Note: Callao, the largest port in Peru, is also referred to as a constitutional province, the only province of the Callao region

Independence

28 July 1821 (from Spain)

National holiday

Independence Day, 28-29 July (1821)

Constitution

History: several previous; latest promulgated 29 December 1993, enacted 31 December 1993

Amendments: proposed by Congress, by the president of the republic with the approval of the Council of Ministers or by petition of at least 0.3% of voters; passage requires absolute majority approval by the Congress membership, followed by approval in a referendum; a referendum is not required if Congress approves the amendment by greater than two-thirds majority vote in each of two successive sessions; amended many times, last in 2021

Legal system

Civil law system

International law organization participation

Accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction

Citizenship

Citizenship by birth: yes

Citizenship by descent only: yes

Dual citizenship recognized: yes

Residency requirement for naturalization: 2 years

Suffrage

18 years of age; universal and compulsory until the age of 70

Executive branch

Chief of state: President Dina Ercilia BOLUARTE Zegarra (since 7 December 2022); first vice president (vacant); second vice president (vacant); note - the president is both chief of state and head of government

Head of government: President Dina Ercilia BOLUARTE Zegarra (since 7 December 2022); first vice president (vacant); second vice president (vacant)

Cabinet: Council of Ministers appointed by the president

Elections/appointments: president directly elected by absolute majority popular vote in 2 rounds if needed for a 5-year term (eligible for nonconsecutive terms); election last held on 11 April 2021 with a runoff on 6 June 2021 (next to be held in April 2026)

Election results:

2021: Jose Pedro CASTILLO Terrones elected president in second round; percent of vote in first round - Jose Pedro CASTILLO Terrones (PL) 18.9%, Keiko Sofia FUJIMORI Higuchi (FP) 13.4%, Rafael LOPEZ ALIAGA Cazorla (RP) 11.8%, Hernando DE SOTO Polar (Social Integration Party) 11.6%, Yonhy LESCANO Ancieta (AP) 9.1%, Veronika MENDOZA Frisch (JP) 7.9%, Cesar ACUNA Peralta (APP) 6%, George FORSYTH Sommer (VN) 5.7%, Daniel Belizario URRESTI Elera (PP) 5.6%, other 10%; percent of vote second round - Jose Pedro CASTILLO Terrones 50.1%, Keiko Sofia FUJIMORI Higuchi 49.9%

2016: Pedro Pablo KUCZYNSKI Godard elected president in second round; percent of vote in first round - Keiko FUJIMORI Higuchi (FP) 39.9%, Pedro Pablo KUCZYNSKI Godard (PPK) 21.1%, Veronika MENDOZA (FA) 18.7%, Alfredo BARNECHEA (AP) 7%, Alan GARCIA (APRA) 5.8%, other 7.5%; percent of vote in second round - Pedro Pablo KUCZYNSKI Godard 50.1%, Keiko FUJIMORI Higuchi 49.9%

Note 1: First Vice President Dina Ercilia BOLUARTE Zegarra assumed the office of the president on 7 December 2022 after President Jose Pedro CASTILLO Terrones was impeached and arrested; BOLUARTE is the first woman to become president of Peru

Note 2: Prime Minister Gustavo ADRIANZÉN (since 6 March 2024) does not exercise executive power; this power rests with the president; on 5 March 2024, Prime Minister Alberto OTÁROLA resigned amid allegations of corruption

Legislative branch

Description: unicameral Congress of the Republic of Peru or Congreso de la República del Perú (130 seats; members directly elected in multi-seat constituencies by closed party-list proportional representation vote to serve single 5-year terms)

Elections: last held on 11 April 2021 (next to be held in April 2026)

Election results:

Percent of vote by party/coalition - NA; seats by party/coalition - Free Peru 32, Popular Force 24, AP 15, APP 15, AvP 10, RP 9, Democratic Peru 7, We Are Peru 5, PP 5, JP 5, Purple Party 3; composition - men 80, women 50, percentage women 40%

Note: seats by party/coalition as of January 2024 - Popular Force 23, Free Peru 16, AP 14, APP 11, AvP 9, Democratic Peru 9, RP 9, SP 6, PP 6, PB 5; BMCN 9, independent 25

Judicial branch

Highest court(s): Supreme Court (consists of 16 judges and divided into civil, criminal, and constitutional-social sectors)

Judge selection and term of office: justices proposed by the National Board of Justice (a 7-member independent body), nominated by the president, and confirmed by the Congress; justices can serve until mandatory retirement at age 70

Subordinate courts: Court of Constitutional Guarantees; Superior Courts or Cortes Superiores; specialized civil, criminal, and mixed courts; 2 types of peace courts in which professional judges and selected members of the local communities preside

Political parties and leaders

Advance the Nation (Avanza País) or AvP [Aldo BORRERO Zeta]

Alliance for Progress (Alianza para el Progreso) or APP [Cesar ACUNA Peralta]

Broad Front (Frente Amplio) or FA [Marco ARANA]

Free Peru (Perú Libre) or PL [Vladimir CERRON Rojas]

Front for Hope (Frente Esperanza) [Fernando OLIVERA Vega]

Magisterial Block of National Concentration (Bloque Magisterial de Concertación Nacional) or BMCN [Álex PAREDES]

National Victory (Victoria Nacional) or VN [George FORSYTH Sommer]

Peru Bicentennial (Perú Bicentenario) or PB [Jorge MARTICORENA]

Popular Action (Acción Popular) or AP [Mesias GUEVARA Amasifuen]

Popular Force (Fuerza Popular) or FP [Keiko FUJIMORI Higuchi]

Popular Renewal (Renovación Popular) or RP [Rafael LOPEZ ALIAGA]

Purple Party (Partido Morado) [Luis DURAN Rojo]

Social Integration Party (Avanza País - Partido de Integración Social) [Aldo BORRERO]

Together For Perú (Juntos por el Peru) or JP [Robert SANCHEZ Palomino]

We Are Peru (Somos Perú) of SP [Patricia LI]

We Can Peru (Podemos Perú) or PP [Jose Leon LUNA Galvez]

International organization participation

AIIB, APEC, BIS, CAN, CD, CELAC, EITI (compliant country), FAO, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC (NGOs), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, MONUSCO, NAM, OAS, OPANAL, OPCW, Pacific Alliance, PCA, PROSUR, SICA (observer), UN, UNAMID, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNISFA, UNMISS, UNOCI, UNOOSA, UN Security Council (temporary), UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Flag description

Three equal, vertical bands of red (hoist side), white, and red with the coat of arms centered in the white band; the coat of arms features a shield bearing a vicuna (representing fauna), a cinchona tree (the source of quinine, signifying flora), and a yellow cornucopia spilling out coins (denoting mineral wealth); red recalls blood shed for independence, white symbolizes peace

National symbol(s)

Vicuna (a camelid related to the llama); national colors: red, white

National anthem

Name: "Himno Nacional del Peru" (National Anthem of Peru)

Lyrics/music: Jose DE LA TORRE Ugarte/Jose Bernardo ALZEDO

Note: adopted 1822; the song won a national anthem contest

National heritage

Total World Heritage Sites: 13 (9 cultural, 2 natural, 2 mixed)

Selected World Heritage Site locales: Cuzco (c); Machu Picchu (m); Chavin (c); Historic Lima (c); Huascarán National Park (n); Chan Chan (c); Manú National Park (n); Lines and Geoglyphs of Nazca (c); Rio Abiseo National Park (m); Historic Arequipa (c); Sacred City of Caral-Supe (c); Qhapaq Ñan/Andean Road System (c)

Economy

Economic overview

Upper middle-income South American economy; hit hard by political instability and COVID-19 but rebounding quickly; second-largest cocaine producer; current account balance improving; persistent income inequality; diversified exporter

Real GDP (purchasing power parity)

$433.926 billion (2022 est.)

$422.584 billion (2021 est.)

$372.592 billion (2020 est.)

Note: data in 2017 dollars

Real GDP growth rate

2.68% (2022 est.)

13.42% (2021 est.)

-10.87% (2020 est.)

Note: annual GDP % growth based on constant local currency

Real GDP per capita

$12,700 (2022 est.)

$12,500 (2021 est.)

$11,200 (2020 est.)

Note: data in 2017 dollars

GDP (official exchange rate)

$242.632 billion (2022 est.)

Note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

8.33% (2022 est.)

4.27% (2021 est.)

2% (2020 est.)

Note: annual % change based on consumer prices

Credit ratings

Fitch rating: BBB+ (2013)

Moody's rating: A3 (2014)

Standard & Poors rating: BBB+ (2013)

Note: The year refers to the year in which the current credit rating was first obtained.

GDP - composition, by sector of origin

Agriculture: 7.6% (2017 est.)

Industry: 32.7% (2017 est.)

Services: 59.9% (2017 est.)

Comparison rankings: services 128; industry 63; agriculture 103

GDP - composition, by end use

Household consumption: 64.9% (2017 est.)

Government consumption: 11.7% (2017 est.)

Investment in fixed capital: 21.7% (2017 est.)

Investment in inventories: -0.2% (2017 est.)

Exports of goods and services: 24% (2017 est.)

Imports of goods and services: -22% (2017 est.)

Agricultural products

Sugarcane, potatoes, rice, bananas, milk, chicken, maize, oil palm fruit, cassava, grapes (2022)

Note: top ten agricultural products based on tonnage

Industries

Mining and refining of minerals; steel, metal fabrication; petroleum extraction and refining, natural gas and natural gas liquefaction; fishing and fish processing, cement, glass, textiles, clothing, food processing, beer, soft drinks, rubber, machinery, electrical machinery, chemicals, furniture

Industrial production growth rate

1.33% (2022 est.)

Note: annual % change in industrial value added based on constant local currency

Labor force

18.268 million (2022 est.)

Note: number of people ages 15 or older who are employed or seeking work

Unemployment rate

3.85% (2022 est.)

5.1% (2021 est.)

7.18% (2020 est.)

Note: % of labor force seeking employment

Youth unemployment rate (ages 15-24)

Total: 11.2% (2021 est.)

Male: 9.2%

Female: 13.2%

Population below poverty line

27.5% (2022 est.)

Note: % of population with income below national poverty line

Gini Index coefficient - distribution of family income

40.2 (2021 est.)

Note: index (0-100) of income distribution; higher values represent greater inequality

Average household expenditures

On food: 26.6% of household expenditures (2021 est.)

On alcohol and tobacco: 2.4% of household expenditures (2021 est.)

Household income or consumption by percentage share

Lowest 10%: 2.1%

Highest 10%: 30.6% (2021 est.)

Note: % share of income accruing to lowest and highest 10% of population

Remittances

1.53% of GDP (2022 est.)

1.61% of GDP (2021 est.)

1.44% of GDP (2020 est.)

Note: personal transfers and compensation between resident and non-resident individuals/households/entities

Budget

Revenues: $45.983 billion (2019 est.)

Expenditures: $49.134 billion (2019 est.)

Budget surplus (+) or deficit (-)

-3.1% (of GDP) (2017 est.)

Public debt

35.66% of GDP (2021 est.)

34.67% of GDP (2020 est.)

26.53% of GDP (2019 est.)

Note: central government debt as a % of GDP

Taxes and other revenues

16.11% (of GDP) (2021 est.)

Note: central government tax revenue as a % of GDP

Current account balance

-$9.908 billion (2022 est.)

-$5.064 billion (2021 est.)

$2.235 billion (2020 est.)

Note: balance of payments - net trade and primary/secondary income in current dollars

Exports

$71.197 billion (2022 est.)

$65.914 billion (2021 est.)

$45.544 billion (2020 est.)

Note: balance of payments - exports of goods and services in current dollars

Exports - partners

China 30%, US 15%, Japan 5%, Canada 5%, South Korea 4% (2022)

Note: top five export partners based on percentage share of exports

Exports - commodities

Copper ore, gold, natural gas, refined copper, refined petroleum (2022)

Note: top five export commodities based on value in dollars

Imports

$69.506 billion (2022 est.)

$58.708 billion (2021 est.)

$42.303 billion (2020 est.)

Note: balance of payments - imports of goods and services in current dollars

Imports - partners

China 27%, US 24%, Brazil 6%, Argentina 4%, Chile 3% (2022)

Note: top five import partners based on percentage share of imports

Imports - commodities

Refined petroleum, crude petroleum, cars, broadcasting equipment, trucks (2022)

Note: top five import commodities based on value in dollars

Reserves of foreign exchange and gold

$74.779 billion (2020 est.)

$67.711 billion (2019 est.)

$60.333 billion (2018 est.)

Note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Debt - external

$81.333 billion (2019 est.)

$75.467 billion (2018 est.)

Exchange rates

Nuevo sol (PEN) per US dollar -

Exchange rates:

3.835 (2022 est.)

3.881 (2021 est.)

3.495 (2020 est.)

3.337 (2019 est.)

3.287 (2018 est.)

Energy

Electricity access

Population without electricity: (2020) less than 1 million

Electrification - total population: 95.6% (2021)

Electrification - urban areas: 98.9% (2021)

Electrification - rural areas: 83.5% (2021)

Electricity

Installed generating capacity: 15.34 million kW (2020 est.)

Consumption: 49,121,370,000 kWh (2019 est.)

Exports: 0 kWh (2019 est.)

Imports: 60 million kWh (2019 est.)

Transmission/distribution losses: 6.408 billion kWh (2019 est.)

Comparison rankings: installed generating capacity 54; transmission/distribution losses 171; imports 112; exports 135; consumption 51

Electricity generation sources

Fossil fuels: 38.5% of total installed capacity (2020 est.)

Nuclear: 0% of total installed capacity (2020 est.)

Solar: 1.5% of total installed capacity (2020 est.)

Wind: 3.5% of total installed capacity (2020 est.)

Hydroelectricity: 55.4% of total installed capacity (2020 est.)

Tide and wave: 0% of total installed capacity (2020 est.)

Geothermal: 0% of total installed capacity (2020 est.)

Biomass and waste: 1.1% of total installed capacity (2020 est.)

Coal

Production: 696,000 metric tons (2020 est.)

Consumption: 396,000 metric tons (2020 est.)

Exports: 252,000 metric tons (2020 est.)

Imports: 262,000 metric tons (2020 est.)

Proven reserves: 102 million metric tons (2019 est.)

Petroleum

Total petroleum production: 122,500 bbl/day (2021 est.)

Refined petroleum consumption: 265,500 bbl/day (2019 est.)

Crude oil and lease condensate exports: 6,500 bbl/day (2018 est.)

Crude oil and lease condensate imports: 112,900 bbl/day (2018 est.)

Crude oil estimated reserves: 858.9 million barrels (2021 est.)

Refined petroleum products - production

166,600 bbl/day (2015 est.)

Refined petroleum products - exports

62,640 bbl/day (2015 est.)

Refined petroleum products - imports

65,400 bbl/day (2015 est.)

Natural gas

Production: 12,079,211,000 cubic meters (2020 est.)

Consumption: 8,278,048,000 cubic meters (2019 est.)

Exports: 5.446 billion cubic meters (2019 est.)

Imports: 0 cubic meters (2021 est.)

Proven reserves: 300.158 billion cubic meters (2021 est.)

Carbon dioxide emissions

54.996 million metric tonnes of CO2 (2019 est.)

From coal and metallurgical coke: 1.171 million metric tonnes of CO2 (2019 est.)

From petroleum and other liquids: 35.119 million metric tonnes of CO2 (2019 est.)

From consumed natural gas: 18.706 million metric tonnes of CO2 (2019 est.)

Energy consumption per capita

36.465 million Btu/person (2019 est.)

Communications

Telephones - fixed lines

Total subscriptions: 1.798 million (2022 est.)

Subscriptions per 100 inhabitants: 5 (2022 est.)

Telephones - mobile cellular

Total subscriptions: 41.549 million (2022 est.)

Subscriptions per 100 inhabitants: 122 (2022 est.)

Telecommunication systems

General assessment: after suffering a sharp retraction in the number of subscriptions and revenue during 2020 due to the pandemic, Peru’s telecom sector managed to stage a small recovery in the first half of 2021; it will likely be two to three years before penetration rates return to the peak levels last seen in 2018; this is especially true given the overwhelming influence of mobile on Peru’s telecommunications market, which now commands almost 95% of all connections; Peru’s fixed-line teledensity continued its slow dropping below 7% at the end of 2021; investment in network infrastructure is mainly focused on rolling out fiber cable for fixed broadband services in (mainly) urban areas; fixed broadband services inched higher to reach 8.4% at the end of 2020, a positive result that reflected the shift to working from home during enforced lock downs at the start of the year; yet Peru has a relatively low level of computer use, and prices for fixed broadband services are among the highest in Latin America; the overwhelmingly preferred internet access platform will remain the smartphone, with a further 8.6% growth in the number of mobile broadband subscriptions expected in 2021 (2021)

Domestic: fixed-line teledensity is 7 per 100 persons; mobile-cellular teledensity is 128 telephones per 100 persons (2021)

International: country code - 51; landing points for the SAM-1, IGW, American Movil-Telxius, SAC and PAN-AM submarine cable systems that provide links to parts of Central and South America, the Caribbean, and US; satellite earth stations - 2 Intelsat (Atlantic Ocean) (2019)

Broadcast media

10 major TV networks of which only one, Television Nacional de Peru, is state owned; multi-channel cable TV services are available; in excess of 5,000 radio stations including a substantial number of indigenous language stations (2021)

Internet country code

.pe

Internet users

Total: 24.14 million (2021 est.)

Percent of population: 71% (2021 est.)

Broadband - fixed subscriptions

Total: 3.044 million (2020 est.)

Subscriptions per 100 inhabitants: 9 (2020 est.)

Transportation

National air transport system

Number of registered air carriers: 6 (2020)

Inventory of registered aircraft operated by air carriers: 62

Annual passenger traffic on registered air carriers: 17,758,527 (2018)

Annual freight traffic on registered air carriers: 313.26 million (2018) mt-km

Civil aircraft registration country code prefix

OB

Airports

166 (2024)

Heliports

6 (2024)

Pipelines

786 km extra heavy crude, 1,526 km gas, 679 km liquid petroleum gas, 1,106 km oil, 15 km refined products (2022)

Railways

Total: 1,854.4 km (2017)

Standard gauge: 1,730.4 km (2014) 1.435-m gauge (34 km electrified)

Narrow gauge: 124 km (2014) 0.914-m gauge

Roadways

Total: 70,000 km (2021)

Paved: 18,699 km (2022)

Note: includes 27,109 km of national roads (21,434 km paved), 247,505 km of departmental roads (3,623 km paved), and 113,857 km of local roads (1,858 km paved)

Waterways

8,808 km (2011) (8,600 km of navigable tributaries on the Amazon River system and 208 km on Lago Titicaca)

Merchant marine

Total: 111 (2023)

By type: general cargo 1, oil tanker 9, other 101

Ports

Total ports: 20 (2024)

Large: 0

Medium: 1

Small: 3

Very small: 16

Ports with oil terminals: 16

Key ports: Bahia de Matarani, Iquitos, Puerto del Callao, Talara

Military and Security

Military and security forces

Armed Forces of Peru (Fuerzas Armadas del Perú or FAP): Peruvian Army (Ejercito del Peru), Peruvian Navy (Marina de Guerra del Peru, MGP, includes naval infantry and Coast Guard), Air Force of Peru (Fuerza Aerea del Peru, FAP)

Ministry of the Interior (Ministerio del Interior): Peruvian National Police (Policía Nacional del Perú, PNP) (2024)

Military expenditures

1.1% of GDP (2022 est.)

1.1% of GDP (2021 est.)

1.2% of GDP (2020 est.)

1.2% of GDP (2019 est.)

1.2% of GDP (2018 est.)

Military and security service personnel strengths

Information varies; approximately 95,000 active-duty personnel (60,000 Army; 25,000 Navy, including about 4,000 naval infantry and 1,000 Coast Guard; 10,000 Air Force) (2023)

Military equipment inventories and acquisitions

The military's inventory is a mix of mostly older equipment from a wide variety of suppliers, including Brazil, Europe, Russia/the former Soviet Union, and the US; in recent years, it has received some more modern weapons systems from more than a dozen countries with South Korea as the leading supplier (2023)

Military service age and obligation

18-30 years of age for voluntary military service (12 months); no conscription (abolished in 1999) (2023)

Note: as of 2019, women made up about 10% of the active duty military

Military deployments

225 Central African Republic (MINUSCA) (2024)

Military - note

The Peruvian Armed Forces (FAP) are responsible for external defense in addition to some domestic security responsibilities in designated emergency areas and in exceptional circumstances; key areas of focus include counterinsurgency, counternarcotics, disaster relief, and maritime security operations; the FAP has contributed to UN missions since 1958 and has ties to regional militaries, particularly Colombia, as well as those of numerous other countries such as China, Russia, Spain, and the US; the FAP’s last external conflict was a brief border war with Ecuador in 1995; the FAP supported the police during anti-government protests in early 2023 and was accused of human rights violations

The Joint Command of the Armed Forces of Peru (Comando Conjunto de las Fuerzas Armadas del Perú or CCFFAA) has responsibility for the planning, preparation, coordination, and direction of the military’s operations; the CCFFAA has oversight over commands for air, air defense, cyber, maritime, and special operations, as well as five regional commands (Amazonas, central, north, south, and Ucayali) and a Special Command of the Valley of the Apurimac, Ene, and Mantaro rivers (CE-VRAEM); CE-VRAEM is responsible for combating the remnants of the Shining Path terrorist group (aka Sendero Luminoso; see Appendix T) and includes several thousand air, ground, naval, police, and special forces personnel; the FAP also provides aircraft, vehicles, and logistical support to the command

The Army was officially established in 1821 with the formation of the Peruvian Guard Legion; today, it has five regionally based divisions comprised of about 20 combat brigades, which include a mix of armored, artillery, jungle infantry, light infantry, mechanized cavalry, and special forces; the Army also has an aviation brigade and a multi-purpose support brigade designed in large part to provide assistance during natural disasters; the Navy, also established in 1821, includes the Coast Guard; it has undertaken efforts to modernize since the 2000s; the Navy’s principal warships include seven frigates and six attack submarines, which are supported by a force of corvettes and patrol ships; it also has a flotilla of river gunboats, plus naval aviation and a marine force comprised of amphibious infantry, light infantry, jungle infantry, and commandos; the Air Force, established in the 1920s, has several squadrons of French-, Russian-, and US-made fighters, multirole fighters, and fixed-wing ground attack aircraft, as well as attack helicopters (2023)

Space

Space agency/agencies

National Aerospace Research and Development Commission (Comisión Nacional de Investigación y Desarrollo Aeroespacia, CONIDA; established 1974); National Satellite Imagery Operations Center (Centro Nacional de Operaciones de Imágenes Satelitales, CONIS; established 2006) (2024)

Space launch site(s)

Punta Lobos Rocket Range (Chilca, Huancayo; used by foreign partners for scientific sounding rocket launches (1970s-1990s; the US used the site for scientific launches in 1975 and 1983) (2023)

Space program overview

Has a small space program focused on acquiring satellites, applying space applications such as data satellite imagery, and building small rockets; has built a small science/technology satellite; operates satellites and processes satellite imagery data; builds and launches sounding rockets with goal of developing a satellite/space launch vehicle (SLV); researching, developing, and acquiring technologies for manufacturing satellites and satellite payloads with a focus on remote sensing (RS) capabilities; member of Latin American and Caribbean Space Agency (ALCE); cooperates with a variety of foreign space agencies and industries, including those of Brazil, China, the European Space Agency and individual member states (particularly France and Germany), India, Russia, South Korea, Thailand, and the US, as well as signatories of the Latin American and Caribbean Space Agency (ALCE) (2024)

Note: further details about the key activities, programs, and milestones of the country’s space program, as well as government spending estimates on the space sector, appear in Appendix S

Terrorism

Terrorist group(s)

Terrorist group(s): Shining Path (Sendero Luminoso)

Note: details about the history, aims, leadership, organization, areas of operation, tactics, targets, weapons, size, and sources of support of the group(s) appear(s) in Appendix-T

Transnational Issues

Refugees and internally displaced persons

Refugees (country of origin): 1,542,004 (Venezuela) (economic and political crisis; includes Venezuelans who have claimed asylum, are recognized as refugees, or have received alternative legal stay) (2023)

IDPs: 73,000 (civil war from 1980-2000; most IDPs are indigenous peasants in Andean and Amazonian regions; as of 2011, no new information on the situation of these IDPs) (2022)

Illicit drugs

World’s second-largest producer of cocaine and coca (after Colombia), with approximately 84,400 hectares (ha) under cultivation in 2021; Peruvian cocaine is trafficked throughout South America for shipment to Europe, East Asia, Mexico, and the United States; major importer of precursor chemicals for cocaine production; growing domestic drug consumption problem; a major source of precursor or essential chemicals used in the production of illicit narcotics