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Indicators of economy in Peru

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.912 US Dollar per capita. In contrast, the GDP in Peru reached 6.127 US dollars per inhabitant, or 202.01 bn US Dollar in the whole country. Peru is therefore currently ranked 50 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Peru is in the list of the world's richest countries in place 107.

Inflation in Peru was in 2021 at around 4.27%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 51.3% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Peru

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic in 2020 were considerable in Peru. Overall, gross domestic product in 2020 fell from 228.47 billion US Dollar auf 202.01 billion US Dollar. With a large drop of 11.58 percent, the economy in Peru has struggled significantly more than other countries. The tourism sector alone slumped by around 79 percent. The unemployment rate rose from 3.4 to 7.2 percent. The inflation rate has fallen from 2.3 percent previously to 2.0 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Peru
Total
Peru
per capita
EU
Total
EU
per capita
GDP202.01 bn USD6,126.87 USD15,291.93 tn USD29,710.69 USD
Gross national product198.69 bn USD6,026.13 USD15,330.84 tn USD29,786.28 USD


The largest company in Peru is Credicorp with a market capitalization of 11,208.00 tn Dollar. It is the only company in the country to be included in the Forbes Global 2000 list in 2021. This independent list annually publishes the 2000 largest companies worldwide, with Credicorp Bank ranking 1419th last year.

Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2020

 Peru
Total
Peru
per capita
EU
Total
EU
per capita
Imports42.15 bn USD1,278.41 USD7,340.01 bn USD14,260.90 USD
Exports46.21 bn USD1,401.47 USD7,939.04 bn USD15,424.75 USD


Development of imports and exports in billion US dollars 1977 - 2020

Exports
Imports



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