upper-middle-income South American economy; strong post-COVID rebound tempered by political uncertainty and climate risks; exports driven by mineral extraction and agriculture; large informal sector and uneven access to public services; stable fiscal position and financial sector
. Key agricultural products in this country include: sugarcane, potatoes, rice, bananas, milk, chicken, maize, oil palm fruit, cassava, grapes (2022).Labor force | 18.529 million (2023 est.) |
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Industrial production growth rate | -1.28% (2023 est.) |
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 |
Population below poverty line | 27.5% (2022 est.) |
Taxes and other revenues | 15.92% (of GDP) (2021 est.) |
Fiscal year | |
Exchange rates | |
Currency | nuevo sol (PEN) per US dollar - |
Exchange rates 2023 | 3.744 (2023 est.) |
Exchange rates 2022 | 3.835 (2022 est.) |
Exchange rates 2021 | 3.881 (2021 est.) |
Exchange rates 2020 | 3.495 (2020 est.) |
Exchange rates 2019 | 3.337 (2019 est.) |
Debt - external | |
Debt - external 2022 | $37.467 billion (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $71.394 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $72.328 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $78.59 billion (2021 est.) |
Current account balance | |
Current account balance 2023 | $2.219 billion (2023 est.) |
Current account balance 2022 | -$9.743 billion (2022 est.) |
Current account balance 2021 | -$4.674 billion (2021 est.) |
Public debt | |
Public debt 2021 | 35.25% of GDP (2021 est.) |
Budget | |
Revenues | $48.008 billion (2021 est.) |
Expenditures | $51.709 billion (2021 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 1.58% of GDP (2023 est.) |
Remittances 2022 | 1.5% of GDP (2022 est.) |
Remittances 2021 | 1.59% of GDP (2021 est.) |
Household income | |
Lowest 10% | 2.1% (2022 est.) |
Highest 10% | 30.7% (2022 est.) |
Average household expenditures | |
On food | 26.6% of household expenditures (2022 est.) |
On alcohol and tobacco | 2.4% of household expenditures (2022 est.) |
Imports | |
Imports 2023 | $62.99 billion (2023 est.) |
Imports 2022 | $69.44 billion (2022 est.) |
Imports 2021 | $58.509 billion (2021 est.) |
Imports (partners) | China 27%, US 24%, Brazil 6%, Argentina 4%, Chile 3% (2022) |
Comodities Imports force | refined petroleum, crude petroleum, cars, broadcasting equipment, trucks (2022) |
Exports | |
Imports 2023 | $62.99 billion (2023 est.) |
Imports 2022 | $69.44 billion (2022 est.) |
Imports 2021 | $58.509 billion (2021 est.) |
Exports (partners) | China 30%, US 15%, Japan 5%, Canada 5%, South Korea 4% (2022) |
Comodities Exports force | copper ore, gold, natural gas, refined copper, refined petroleum (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $517.644 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $520.507 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $506.697 billion (2021 est.) |
GDP (official exchange rate) | $267.603 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $15,100 (2023 est.) |
Real GDP per capita 2022 | $15,300 (2022 est.) |
Real GDP per capita 2021 | $15,000 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 7.1% (2022 est.) |
Industry | 35% (2022 est.) |
Services | 49.6% (2022 est.) |
GDP - composition, by end use | |
Household consumption | 64.3% (2023 est.) |
Government consumption | 13.7% (2023 est.) |
Investment in fixed capital | 21.3% (2023 est.) |
Investment in inventories | -2.4% (2023 est.) |
Exports of goods and services | 27.1% (2023 est.) |
Imports of goods and services | -23.8% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 4.82% (2023 est.) |
Unemployment rate 2022 | 3.85% (2022 est.) |
Unemployment rate 2021 | 5.1% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 8.8% (2023 est.) |
Male | 7.8% (2023 est.) |
Female | 10% (2023 est.) |
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