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Persian
/ English
conventional
long form: Republic of Peru
conventional short form: Peru
local long form: Republica del Peru
local short form: Peru
Lima.
Population: 8.5 million (2007).
Western South
America, bordering
the South
Pacific Ocean, between
1,285,220 sq km
(496,225 sq miles).
Population:
Description:
Peru is a large, mountainous country on the Pacific coast of South
America that borders Ecuador and Colombia to the north, Brazil and Bolivia
to the east, and Chile to the south. The Pacific Ocean lies to the west.
There are three natural zones: The Costa region, which contains Lima (the
capital), is a narrow coastal plain consisting of large tracts of desert
broken by fertile valleys. The cotton, sugar and rice plantations and most
of the so-far exploited oil fields lie in this area, as does the majority
of the population. The highland Sierra contains the Andes, with peaks over
6,000m (20,000ft), most of the country's mineral resources (silver, zinc,
lead, copper and gold) and the greater part of its livestock. The Selva,
an area of fertile, subtropical land, lies between the Andes and the
borders with Brazil, Bolivia, Colombia and Ecuador. The Amazonian jungle
has vast natural resources. The absence of land communications, however,
left the area largely uncharted until full-scale oil exploration began in
1973. Even today roads barely penetrate the region.
The population of the country is largely Indian and Mestizo with a
noticeable influence from African, Chinese, Japanese and European (mainly
Spanish) settlers.
language:
Spanish and Quechua are the official languages. Aymara is spoken in
the Lake Titicaca area. Many other dialects exist in the jungle regions.
English is spoken in major tourist areas.
Climate:
Varies according to area. On the coast winter lasts from June to
September. During this period, the mountainous areas are often sunny
during the day but cold at night. This is high tourist season and the best
time to visit most regions. Heavy rains in the mountains and jungle last
from December to April. It hardly ever rains in Lima nor most of the
coast, except for Tumbes and Piura, which have tropical climates
Economy - overview:
The Peruvian economy is divided into two distinct parts: a relatively
modern industrial and service economy concentrated on the coastal plain,
and a subsistence agricultural economy in the interior. Inevitably, one
consequence has been huge migration from the interior to the coastal
cities. Most foreign investment is directed towards Peru's major industry,
mining, which accounts for about half of export earnings. Meanwhile,
tourism has snowballed and now brings in more than US$1 billion annually.
During the early to mid 1990s, Peru implemented important market-oriented
reforms, including privatisation of key industries, trade deregulation and
measures to attract foreign investment. The strategy was reasonably
successful, and the country's economy is relatively stable. Foreign
investment is growing rapidly in the mining, agriculture and tourism
sectors. The unemployment rate was 8.4% in Lima in 2008, but it is
estimated that up to 40% of the general workforce are underemployed.
Peru's annual growth was estimated to be 9.2% in 2008. The inflation rate
was 6.7%. The passing of the Free Trade Agreement with the United States
in January of 2009 is expected to spur considerable growth in the next
decade.
Economy:
The Peruvian economy is divided into two distinct parts: a relatively
modern industrial and service economy concentrated on the coastal plain,
and a subsistence agricultural economy in the interior. Inevitably, one
consequence has been huge migration from the interior to the coastal
cities. Most foreign investment is directed towards Peru's major industry,
mining, which accounts for about half of export earnings. Meanwhile,
tourism has snowballed and now brings in more than US$1 billion annually.
During the early to mid 1990s, Peru implemented important market-oriented
reforms, including privatisation of key industries, trade deregulation and
measures to attract foreign investment. The strategy was reasonably
successful, and the country's economy is relatively stable. Foreign
investment is growing rapidly in the mining, agriculture and tourism
sectors. The unemployment rate was 8.4% in Lima in 2008, but it is
estimated that up to 40% of the general workforce are underemployed.
Peru's annual growth was estimated to be 9.2% in 2008. The inflation rate
was 6.7%. The passing of the Free Trade Agreement with the United States
in January of 2009 is expected to spur considerable growth in the next
decade.
mining
of metals, petroleum, fishing, textiles, clothing, food processing,
cement, auto assembly, steel, shipbuilding, metal fabrication
Exports:
Copper, gold, zinc, petroleum and petroleum and vegetables.
Imports:
Petroleum and petroleum products, plastics, machinery and vehicles.
• Main trade partners: USA, China, Chile, Canada and Brazil.
Exchange rates:
New Sol (PEN; symbol S/.) = 100 c?�ntimos. New Sol notes are in
denominations of S/.200, 100, 50, 20 and 10. Coins are in denominations of
S/.5, 2 and 1, and 50, 20, 10, 5 and 1 c?�ntimos
http://www.worldtravelguide.net/country/224/money/South-America/Peru.html
GDP :
US$131.4 billion (2008 estimate).
Useful links:
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