Peru - Economy
How is the economy of Peru? Based on the information we have, Peru has a

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).
More about the economy of Peru
Labor force 18.529 million (2023 est.)
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.)
All Important Facts about Peru

Want to know more about Peru? Check all different factbooks for Peru below.

Peru is found in South America