Compare Peru (2008) - Peru (2007)

Compare Peru (2008) z Peru (2007)

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	Peru (2008)	Peru (2007)

Budget	revenues: $30.35 billion expenditures: $29.8 billion (2007 est.)	revenues: $27.03 billion expenditures: $25.12 billion (2006 est.)
Debt - external	$27.81 billion (31 December 2007 est.)	$28.32 billion (2006 est.)
Economy - overview	Peru's economy reflects its varied geography - an arid coastal region, the Andes further inland, and tropical lands bordering Colombia and Brazil. Abundant mineral resources are found in the mountainous areas, and Peru's coastal waters provide excellent fishing grounds. However, overdependence on minerals and metals subjects the economy to fluctuations in world prices, and a lack of infrastructure deters trade and investment. After several years of inconsistent economic performance, the Peruvian economy grew by more than 4% per year during the period 2002-06, with a stable exchange rate and low inflation. Growth jumped to 7.5% in 2007, driven by higher world prices for minerals and metals. Risk premiums on Peruvian bonds on secondary markets reached historically low levels in late 2004, reflecting investor optimism regarding the government's prudent fiscal policies and openness to trade and investment. Despite the strong macroeconomic performance, underemployment and poverty have stayed persistently high. Growth prospects depend on exports of minerals, textiles, and agricultural products, and by expectations for the Camisea natural gas megaproject and for other promising energy projects. Upon taking office, President GARCIA announced Sierra Exportadora, a program aimed at promoting economic growth in Peru's southern and central highlands.	Peru's economy reflects its varied geography - an arid coastal region, the Andes further inland, and tropical lands bordering Colombia and Brazil. Abundant mineral resources are found in the mountainous areas, and Peru's coastal waters provide excellent fishing grounds. However, overdependence on minerals and metals subjects the economy to fluctuations in world prices, and a lack of infrastructure deters trade and investment. After several years of inconsistent economic performance, the Peruvian economy grew by more than 4% per year during the period 2002-06, with a stable exchange rate and low inflation. Risk premiums on Peruvian bonds on secondary markets reached historically low levels in late 2004, reflecting investor optimism regarding the government's prudent fiscal policies and openness to trade and investment. Despite the strong macroeconomic performance, underemployment and poverty have stayed persistently high. Economic growth continues to be driven by exports of minerals, textiles, and agricultural products, and by expectations for the Camisea natural gas megaproject and for other promising energy projects. Upon taking office, President GARCIA announced Sierra Exportadora, a program aimed at promoting economic growth in Peru's southern and central highlands.
Exchange rates	nuevo sol per US dollar - 3.1731 (2007), 3.2742 (2006), 3.2958 (2005), 3.4132 (2004), 3.4785 (2003)	nuevo sol per US dollar - 3.2742 (2006), 3.2958 (2005), 3.4132 (2004), 3.4785 (2003), 3.5165 (2002)
Executive branch	chief of state: President Alan GARCIA Perez (since 28 July 2006); First Vice President Luis GIAMPIETRI Rojas; Second Vice President Lourdes MENDOZA del Solar (since 28 July 2006); note - the president is both the chief of state and head of government head of government: President Alan GARCIA Perez (since 28 July 2006); First Vice President Luis GIAMPIETRI Rojas; Second Vice President Lourdes MENDOZA del Solar (since 28 July 2006) note: Prime Minister Jorge DEL CASTILLO Galvez (since 28 August 2006) does not exercise executive power; this power is in the hands of the president cabinet: Council of Ministers appointed by the president elections: president elected by popular vote for a five-year term (eligible for a nonconsecutive reelection); presidential and congressional elections held 9 April 2006 with runoff election held 4 June 2006; next to be held in April 2011 election results: Alan GARCIA elected president in runoff election; percent of vote - Alan GARCIA 52.5%, Ollanta HUMALA Tasso 47.5%	chief of state: President Alan GARCIA Perez (since 28 July 2006); First Vice President Luis GIAMPIETRI Rojas; Second Vice President Lourdes MENDOZA del Solar (since 28 July 2006); note - the president is both the chief of state and head of government head of government: President Alan GARCIA Perez (since 28 July 2006); First Vice President Luis GIAMPIETRI Rojas; Second Vice President Lourdes MENDOZA del Solar (since 28 July 2006) note: Prime Minister Jorge DEL CASTILLO Galvez (since 28 August 2006) does not exercise executive power; this power is in the hands of the president cabinet: Council of Ministers appointed by the president elections: president elected by popular vote for a five-year term (eligible for a second term); presidential and congressional elections held 9 April 2006 with runoff election held 4 June 2006; next to be held in April 2011 election results: Alan GARCIA elected president in runoff election; percent of vote - Alan GARCIA 52.5%, Ollanta HUMALA Tasso 47.5%
GDP - composition by sector	agriculture: 8.4% industry: 25.6% services: 66% (2007 est.)	agriculture: 8.7% industry: 26.2% services: 65.1% (2006 est.)
GDP - real growth rate	7.5% (2007 est.)	8% (2006 est.)
Imports	121,500 bbl/day (2004)	NA bbl/day
Industrial production growth rate	5% (2007 est.)	7% (2006 est.)
Inflation rate (consumer prices)	3.5% (2007 est.)	2% (2006 est.)
International organization participation	APEC, CAN, CSN, FAO, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNFICYP, UNIDO, Union Latina, UNMEE, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO	APEC, CAN, CSN, FAO, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, LAES, LAIA, Mercosur (associate), MIGA, MINUSTAH, MONUC, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNIDO, Union Latina, UNMEE, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Labor force	9.419 million (2007 est.)	9.21 million (2006 est.)
Pipelines	gas 1,181 km; gas/liquid petroleum gas 61 km; liquid natural gas 106 km; liquid petroleum gas 517 km; oil 1,749 km; refined products 13 km (2007)	gas 983 km; gas/liquid petroleum gas 61 km; liquid natural gas 106 km; liquid petroleum gas 517 km; oil 1,754 km; refined products 13 km (2006)
Political parties and leaders	Alliance For Progress (Alianza Para El Progreso) [Cesar ACUNA Peralta]; Alliance For The Future (Alianza Por El Futuro) or AF (a coalition of pro-FUJIMORI parties including Cambio 90, Nueva Mayoria, and Si Cumple); Centrist Front (Frente Del Centro) or FC (a coalition of Accion Popular, Somos Peru, and Coordinadora Nacional de Independientes); Independent Moralizing Front (Frente Independiente Moralizador) or FIM; National Renovation Party (Partido Renovacion Nacional) [Rafael REY]; National Restoration (Restauracion Nacional) or RN [Humberto LAY Sun]; National Unity (Unidad Nacional) or UN (a coalition of Partido Popular Cristiano and Partido Solidaridad Nacional) [Lourdes FLORES Nano]; Peru Possible (Peru Posible) or PP [Alejandro TOLEDO Manrique]; Peruvian Aprista Party (Partido Aprista Peruano) or PAP [Alan GARCIA] (also referred to by its original name Alianza Popular Revolucionaria Americana or APRA); Peruvian Nationalist Party (Partido Nacionalista Peruano) or PNP [Ollanta HUMALA Tasso]; Union for Peru (Union por el Peru) or UPP [Aldo ESTRADA Choque]	Alliance For Progress (Alianza Para El Progreso) [Cesar ACUNA Peralta]; Alliance For The Future (Alianza Por El Futuro) or AF [Martha CHAVEZ Cossio] (a coalition of pro-FUJIMORI parties including Cambio 90, Nueva Mayoria, and Si Cumple); Centrist Front (Frente Del Centro) or FC [Drago KISIC] (a coalition of Accion Popular, Somos Peru, and Coordinadora Nacional de Independientes); Independent Moralizing Front (Frente Independiente Moralizador) or FIM [Fernando OLIVERA Vega]; Nationalist Party Uniting Peru (Partido Nacionalista Uniendo al Peru) or UPP [Ollanta HUMALA Tasso] (a coalition of Union for Peru (UPP) and Peruvian Nationalist Party (PNP)); National Restoration (Restauracion Nacional) or RN [Humberto LAY Sun]; National Unity (Unidad Nacional) or UN [Lourdes FLORES Nano]; Peru Possible (Peru Posible) or PP [David WAISMAN]; Peruvian Aprista Party (Partido Aprista Peruano) or PAP [Alan GARCIA] (also referred to by its original name Alianza Popular Revolucionaria Americana or APRA)
Population below poverty line	44.5% (2006)	53.1% (2004)
Telephone system	general assessment: adequate for most requirements domestic: fixed-line teledensity is only about 8 per 100 persons; mobile-cellular teledensity, spurred by competition among multiple providers, has increased to about 30 telephones per 100 persons; nationwide microwave radio relay system and a domestic satellite system with 12 earth stations international: country code - 51; the South America-1 (SAM-1) and Pan American (PAN-AM) submarine cable systems provide links to parts of Central and South America, the Caribbean, and US; satellite earth stations - 2 Intelsat (Atlantic Ocean)	general assessment: adequate for most requirements domestic: nationwide microwave radio relay system and a domestic satellite system with 12 earth stations international: country code - 51; satellite earth stations - 2 Intelsat (Atlantic Ocean); Pan American submarine cable
Unemployment rate	7.4% in metropolitan Lima; widespread underemployment (2007 est.)	7.2% in metropolitan Lima; widespread underemployment (2006 est.)

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