Middle East News & World Report |
Welcome to Peru
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Location: Western South America, bordering the South Pacific Ocean, between Chile and Ecuador Geographic coordinates: 10 00 S, 76 00 W Map references: South America
Area: Areacomparative: slightly smaller than Alaska
Land boundaries: Coastline: 2,414 km
Maritime claims: Climate: varies from tropical in east to dry desert in west Terrain: western coastal plain (costa), high and rugged Andes in center (sierra), eastern lowland jungle of Amazon Basin (selva)
Elevation extremes: Natural resources: copper, silver, gold, petroleum, timber, fish, iron ore, coal, phosphate, potash
Land use: Irrigated land: 12,800 sq km (1993 est.) Natural hazards: earthquakes, tsunamis, flooding, landslides, mild volcanic activity Environmentcurrent issues: deforestation; overgrazing of the slopes of the costa and sierra leading to soil erosion; desertification; air pollution in Lima; pollution of rivers and coastal waters from municipal and mining wastes
Environmentinternational agreements: Geographynote: shares control of Lago Titicaca, world's highest navigable lake, with Bolivia
Population: 26,111,110 (July 1998 est.)
Age structure: Population growth rate: 1.97% (1998 est.) Birth rate: 26.69 births/1,000 population (1998 est.) Death rate: 5.81 deaths/1,000 population (1998 est.) Net migration rate: -1.15 migrant(s)/1,000 population (1998 est.)
Sex ratio: Infant mortality rate: 43.42 deaths/1,000 live births (1998 est.)
Life expectancy at birth: Total fertility rate: 3.31 children born/woman (1998 est.)
Nationality: Ethnic groups: Amerindian 45%, mestizo (mixed Amerindian and white) 37%, white 15%, black, Japanese, Chinese, and other 3% Religions: Roman Catholic Languages: Spanish (official), Quechua (official), Aymara
Literacy:
Country name: Data code: PE Government type: republic National capital: Lima
Administrative divisions: 24 departments (departamentos,
singulardepartamento) and 1 constitutional province* (provincia
constitucional); Amazonas, Ancash, Apurimac, Arequipa, Ayacucho, Cajamarca,
Callao*, Cusco, Huancavelica, Huanuco, Ica, Junin, La Libertad, Lambayeque,
Lima, Loreto, Madre de Dios, Moquegua, Pasco, Piura, Puno, San Martin, Tacna,
Tumbes, Ucayali Independence: 28 July 1821 (from Spain) National holiday: Independence Day, 28 July (1821) Constitution: 31 December 1993 Legal system: based on civil law system; has not accepted compulsory ICJ jurisdiction Suffrage: 18 years of age; universal
Executive branch:
Legislative branch: unicameral Democratic Constituent Congress or
Congresso Constituyente Democratico (120 seats; members are elected by popular
vote to serve five-year terms) Judicial branch: Supreme Court of Justice (Corte Suprema de Justicia), judges are appointed by the National Council of the Judiciary Political parties and leaders: Change 90-New Majority (C90/NM), Alberto FUJIMORI; Union for Peru (UPP), Javier PEREZ de CUELLAR; American Popular Revolutionary Alliance (APRA), Luis ALVA Castro; Independent Moralizing Front (FIM), Fernando OLIVERA Vega; Democratic Coordinator (CODE)Pais Posible, Jose BARBA Caballero and Alejandro TOLEDO; Popular Action Party (AP), Juan DIAZ Leon; Popular Christian Party (PPC), Luis BEDOYA Reyes; Renovation Party, Rafael REY Rey; Civic Works Movement (OBRAS), Ricardo BELMONT; United Left (IU); Independent Agrarian Movement (MIA) Political pressure groups and leaders: leftist guerrilla groups include Shining Path, Abimael GUZMAN Reynoso (imprisoned), Oscar RAMIREZ Durand (top leader at large); Tupac Amaru Revolutionary Movement or MRTA, Victor POLAY (imprisoned), Hugo AVALLENEDA Valdez (top leader at large) International organization participation: AG, CCC, ECLAC, FAO, G-11, G-15, G-19, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO (correspondent), ITU, LAES, LAIA, NAM, OAS, OPANAL, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US:
Diplomatic representation from the US: Flag description: three equal, vertical bands of red (hoist side), white, and red with the coat of arms centered in the white band; the coat of arms features a shield bearing a llama, cinchona tree (the source of quinine), and a yellow cornucopia spilling out gold coins, all framed by a green wreath
Economyoverview: The Peruvian economy has become increasingly market-oriented, with major privatizations completed since 1990 in the mining, electricity, and telecommunications industries. In the 1980s, the economy suffered from hyperinflation, declining per capita output, and mounting external debt. Peru was shut off from IMF and World Bank support in the mid-1980s because of its huge debt arrears. An austerity program implemented shortly after the FUJIMORI government took office in July 1990 contributed to a third consecutive yearly contraction of economic activity, but the slide came to a halt late that year, and in 1991 output rose 2.4%. After a burst of inflation as the austerity program eliminated government price subsidies, monthly price increases eased to the single-digit level and by December 1991 dropped to the lowest increase since mid-1987. Lima obtained a financial rescue package from multilateral lenders in September 1991, although it faced $14 billion in arrears on its external debt. By working with the IMF and World Bank on new financial conditions and arrangements, the government succeeded in ending its arrears by March 1993. In 1992, GDP fell by 2.8%, in part because a warmer-than-usual El Nino current resulted in a 30% drop in the fish catch, but the economy rebounded as strong foreign investment helped push growth to 7% in 1993, about 13% in 1994, and 6.8% in 1995. Growth slowed to about 2.8% in 1996 as the government adopted tight fiscal and monetary policy to reduce the current account deficit and meet its IMF targets. Growth then rebounded to 7.3% in 1997 even as inflation fell to its lowest level in 23 years. Capital inflows surged to record levels in early 1997 and have remained strong despite economic shocks stemming from the Asian financial crisis and the El Nino weather events. GDP: purchasing power parity$110.2 billion (1997 est.) GDPreal growth rate: 7.3% (1997 est.) GDPper capita: purchasing power parity$4,420 (1997 est.)
GDPcomposition by sector: Inflation rateconsumer price index: 6.7% (1997 est.)
Labor force: Unemployment rate: 8.2%; extensive underemployment (1996)
Budget: Industries: mining of metals, petroleum, fishing, textiles, clothing, food processing, cement, auto assembly, steel, shipbuilding, metal fabrication Industrial production growth rate: 1.2% (1996) Electricitycapacity: 4.187 million kW (1995) Electricityproduction: 15.6 billion kWh (1995) Electricityconsumption per capita: 648 kWh (1995) Agricultureproducts: coffee, cotton, sugarcane, rice, wheat, potatoes, plantains, coca; poultry, red meats, dairy products, wool; fish catch of 6.9 million metric tons (1990)
Exports:
Imports: Debtexternal: $25.7 billion (1996 est.)
Economic aid: Currency: 1 nuevo sol (S/.) = 100 centimos Exchange rates: nuevo sol (S/.) per US$12.750 (January 1998), 2.664 (1997), 2.453 (1996), 2.253 (1995), 2.195 (1994), 1.988 (1993) Fiscal year: calendar year
Telephones: 779,306 (1990 est.)
Telephone system: adequate for most requirements Radio broadcast stations: AM 273, FM 0, shortwave 144 Radios: 5.7 million (1992 est.) Television broadcast stations: 140 Televisions: 2 million (1993 est.)
Railways:
Highways: Waterways: 8,600 km of navigable tributaries of Amazon system and 208 km of Lago Titicaca Pipelines: crude oil 800 km; natural gas and natural gas liquids 64 km
Ports and harbors: Callao, Chimbote, Ilo, Matarani, Paita, Puerto
Maldonado, Salaverry, San Martin, Talara, Iquitos, Pucallpa, Yurimaguas
Merchant marine: Airports: 244 (1997 est.)
Airportswith paved runways:
Airportswith unpaved runways:
Military branches: Army (Ejercito Peruano), Navy (Marina de Guerra del Peru; includes Naval Air, Marines, and Coast Guard), Air Force (Fuerza Aerea del Peru), National Police Military manpowermilitary age: 20 years of age
Military manpoweravailability:
Military manpowerfit for military service:
Military manpowerreaching military age annually: Military expendituresdollar figure: $998 million (1996); notemay not include off-budget purchases related to military modernization program Military expenditurespercent of GDP: 1.9% (1996)
Disputesinternational: three sections of the boundary with Ecuador are in dispute Illicit drugs: until recently the world's largest coca leaf producer, Peru has reduced the area of coca under cultivation by 40%, from 115,300 hectares in 1995 to 68,800 hectares at the end of 1997; source of supply for most of the world's cocaine base; most of cocaine base is shipped to Colombian drug dealers for processing into cocaine for the international drug market, but exports of finished cocaine are increasing |
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