Peru, with official name of the Republic of Peru, is a country in western part of Latin America. It is north to Ecuador and Colombia, east to Brazil, southeast to Bolivia, and south by Chile. The west of Peru is the Pacific Ocean.
Currency: Peruvian nuevo sol
Official language: Spanish Language
The economy of Peru is classified as upper middle income by the World Bank and Peru is the 39th largest economy in the world. As of 2011, Peru is one of the world’s fastest-growing economies owing to the economic boom experienced during the 2000s. Peruvian economic policy has varied a lot over the past decades. Most econmony constraints were not reversed until the 1990s, when the liberalizing government of Alberto Fujimori ended price controls on foreign investment and state ownership of companies. Services account for 53% of Peruvian GDP, followed by manufacturing (22.3%), extractive industries (15%), and taxes (9.7%).
Recent economic growth has been fueled by macroeconomic stability, improved terms of trade, and rising investment and consumption.Peru’s major export products are copper, gold, zinc, textiles, and fish meal; Peru’s main trade partners are the United States, China, Brazil, and Chile.
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