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Peru
| 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 an average 4 percent per year during the period 2002-2004, 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 2004, and unemployment and poverty have stayed persistently high. |
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| Economy Statistics |
| Exports: |
$12.3 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
copper, gold, zinc, crude petroleum and petroleum products, coffee [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
US 29.5%, China 9.9%, UK 9%, Chile 5.1%, Japan 4.4% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$9.6 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
petroleum and petroleum products, plastics, machinery, vehicles, iron and steel, wheat, paper [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
US 30.3%, Spain 11.5%, Chile 7.2%, Brazil 5.4%, Colombia 5.2% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| American Chamber of Commerce of Peru |
| Address: |
Av. Ricardo Palma 836 Lima 18 - Peru |
| Phone: |
(51 - 1) 241 . 0708 |
| Fax: |
(51 - 1) 241 . 0709 |
| Website: |
http://www.amcham.org.pe/ |
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