Economy of Peru

Mining, agriculture, industry, and fisheries are the main components of the Peruvian economy. While the development of mining and industry over the past three decades has been very substantial, that of agriculture, especially for the domestic market, has been slow.

The GNP per capita was $ 1,470 in 1987 and has grown in recent years at an average annual rate of approximately 8 percent. The unemployment rate was 8.2 percent in the same year.

Underemployment, however, is very widespread and, in the mid-1950s was estimated to affect 51 percent of the workers. The inflation rate was 114% in 1987. Tourism is assuming a growing importance in Peru’s economy.

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