Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Economy of Peru - statistics & facts
Peru ranked as the sixth largest economy in Latin America, the country has exhibited substantial expansion since the early 2000s, with an expected Gross Domestic Product (GDP) of $282 billion for 2024. The nation's economic progress is forecast to continue positively and steadily in the forthcoming years. However, considering its population of 34 million residents, Peru's GDP per capita positions it as the 21st country within the region, considerably below the regional average. This economic upturn commenced after the nation's crucial transition towards emphasizing the exportation of exceptional primary resources such as copper, natural gas, and gold, thereby creating challenges in competing within the market while ensuring sustained economic growth and prioritizing service provision accounting for almost half of the nation's GDP.
