International Security Bulletin

Peru

Republic of Peru

Capital: Lima

History

Ancient Peru was the seat of several prominent Andean civilizations, most notably that of the Incas whose empire was captured by Spanish conquistadors in 1533. Peruvian independence was declared in 1821, and remaining Spanish forces were defeated in 1824. After a dozen years of military rule, Peru returned to democratic leadership in 1980, but experienced economic problems and the growth of a violent insurgency. President Alberto FUJIMORI's election in 1990 ushered in a decade that saw a dramatic turnaround in the economy and significant progress in curtailing guerrilla activity. Nevertheless, the president's increasing reliance on authoritarian measures and an economic slump in the late 1990s generated mounting dissatisfaction with his regime, which led to his ouster in 2000. A caretaker government oversaw new elections in the spring of 2001, which installed Alejandro TOLEDO Manrique as the new head of government - Peru's first democratically elected president of indigenous Quechuan ethnicity. The presidential election of 2006 saw the return of Alan GARCIA Perez who, after a disappointing presidential term from 1985 to 1990, oversaw a robust economic rebound. In June 2011, former army officer Ollanta HUMALA Tasso was elected president, defeating Keiko FUJIMORI Higuchi, the daughter of Alberto FUJIMORI. Since his election, HUMALA has carried on the sound, market-oriented economic policies of the three preceding administrations.

Geography

Metric Units

Total Area 1,285,216 sq km
Land Boundaries 7,461 km
Border Countries Bolivia 1,075 km, Brazil 2,995 km, Chile 171 km, Colombia 1,800 km, Ecuador 1,420 km
Coastline 2,414 km
Terrain western coastal plain (costa), high and rugged Andes in center (sierra), eastern lowland jungle of Amazon Basin (selva)
Minimum Elevation 0 m
Maximum Elevation 6,768 m
Climate varies from tropical in east to dry desert in west; temperate to frigid in Andes
Natural Resources copper, silver, gold, petroleum, timber, fish, iron ore, coal, phosphate, potash, hydropower, natural gas
Arable Land 2.84%
Permanent Crops 0.66%

Economy

Gross Domestic Product $325.4 billion
GDP (per capita) $10,700
GDP Growth 6%
Unemployment Rate 7.7%
Population in Poverty 31.3%
GINI Index 46

Budget & Debt

Expenditures $56.42 billion
Revenue $58.15 billion
Current Account Balance $-4.86 billion
External Debt $38.91 billion

Trade

Exports $47.38 billion
Export Items copper, gold, lead, zinc, tin, iron ore, molybdenum, silver
Export Partners China 18.3%, US 15.2%, Canada 11.4%, Japan 5.4%, Spain 5.3%, Chile 4.8%, South Korea 4.6%, Germany 4.1% (2011)
Imports $41.15 billion
Import Items petroleum and petroleum products, chemicals, plastics, machinery, vehicles, color TV sets, power shovels, front-end loaders, telephones and telecommunication equipment, iron and steel, wheat, corn, soybean products, paper, cotton, vaccines and medicines
Import Partners US 24.5%, China 13.7%, Brazil 6.7%, Chile 5.9%, Ecuador 4.4%, South Korea 4% (2011)

People

Population 29,849,303
Population Growth 1%
Ethnic Groups Amerindian 45%, mestizo (mixed Amerindian and white) 37%, white 15%, black, Japanese, Chinese, and other 3%
Religion Roman Catholic 81.3%, Evangelical 12.5%, other 3.3%, unspecified or none 2.9% (2007 Census)
Life Expectancy 72.98 years
Infant Mortality 0.97 deaths/1,000 live births
Maternal Mortality 1.6 deaths/100,000 live births

Energy

Electricity Production 38.7 billion kWh
Electricity Consumption 34.25 billion kWh
From Fossil Fuels 59%
From Nuclear 0%
From Hydroelectric 41%
From Renewable Sources 0%