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Economy of Peru
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==Sectors== [[File:Peru econ 1970.jpg|thumb|left|Peru's economic activity in the 1970s]] ===Agriculture=== {{main|Agriculture in Peru}} Peru is a country with many climates and geographical zones that make it a very important agricultural nation. Peruvian agricultural exports are highly appreciated and include artichokes, grapes, avocados, mangoes, peppers, sugarcane, organic coffee and premium-quality cotton. Peru is one of the 5 largest producers of [[avocado]], [[blueberry]], [[artichoke]] and [[asparagus]], one of the 10 largest producers in the world of coffee and [[Cocoa bean|cocoa]], one of the 15 largest producers in the world of potato and [[pineapple]], and also has a considerable production of grape, [[sugarcane]], rice, banana, maize and [[cassava]]; its agriculture is considerably diversified.<ref>{{cite web| url = http://www.fao.org/faostat/es/#data/QC/| title = Peru en 2018, by FAO}}</ref> In 2018, Peru produced 10.3 million tons of [[sugarcane]], 5.1 million tons of potato, 3.5 million tons of rice, 2.2 million tons of banana, 1.5 million tons of maize, 1.2 million tons of [[cassava]], 921 thousand tons of [[palm oil]], 645 thousand tons of grape, 548 thousand tons of [[pineapple]], 504 thousand tons of [[avocado]], 481 thousand tons of [[tangerine]], 502 thousand tons of orange, 369 thousand tons of coffee, 383 thousand tons of [[mango]], 360 thousand tons of [[asparagus]], 270 thousand tons of lemon, 252 thousand tons of tomato, 207 thousand tons of [[barley]], 195 thousand tons of wheat, 188 thousand tons of [[olives]], 187 thousand tons of [[carrots]], 175 thousand tons of [[papaya]], 175 thousand tons of [[Black pepper|pepper]], 154 thousand tons of [[artichoke]], 140 thousand tons of apple, 134 thousand tons of [[Cocoa bean|cocoa]], in addition to smaller productions of other agricultural products.<ref>{{cite web| url = http://www.fao.org/faostat/en/#data/QC/| title = Peru production in 2018, by FAO}}</ref> ====Industry and services==== ====Extraction==== {{see also|Mining in Peru}} [[File:MINISTRO VALAKIVI VISITÓ EL EJE ENERGÉTICO DE LA CONVENCIÓN EN EL CUSCO (VRAEM) (19935504733).jpg|thumb|200px|right|Natural gas separation plant of the [[Camisea Gas Project]] in [[La Convención Province]], [[Department of Cuzco|Cuzco]].]] [[File:Chimbote 02.jpg|thumb|200px|[[Fishing fleet]] in [[Ferrol Bay]] near [[Chimbote]]. In the middle of the 20th century, its port became the one with the largest fishing production on the planet.]] Fishing: Peru is an international leader in fishing, producing nearly 10 percent of the world's fish catch. Mining is a major pillar of the Peruvian economy. In 2019, the country was the 2nd largest world producer of copper<ref>{{cite web| url = https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-copper.pdf| title = USGS Copper Production Statistics}}</ref> and silver,<ref>{{cite web| url = https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-silver.pdf| title = USGS Silver Production Statistics}}</ref> 8th largest world producer of gold,<ref>{{cite web| url = https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-gold.pdf| title = USGS Gold Production Statistics}}</ref> 3rd largest world producer of lead,<ref>{{cite web| url = https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-lead.pdf| title = USGS Lead Production Statistics}}</ref> 2nd largest world producer of [[zinc]],<ref>{{cite web| url = https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-zinc.pdf| title = USGS Zinc Production Statistics}}</ref> 4th largest world producer of [[tin]],<ref>{{cite web| url = https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-tin.pdf| title = USGS Tin Production Statistics}}</ref> 5th largest world producer of [[boron]]<ref>{{cite web |url=https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-boron.pdf| title=USGS Boron Production Statistics}}</ref> and 4th largest world producer of [[molybdenum]].<ref>{{cite web| url=https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-molybdenum.pdf |title=USGS Molybdenum Production Statistics}}</ref> The country was once the world's largest producer of silver and was also one of the five largest gold producers in the world. Illegal mining remains [[Illegal mining in Peru|a significant problem in Peru]] with its associated deforestation,<ref name="swen">Swenson, Jennifer J. et al. "Gold Mining in the Peruvian Amazon: Global Prices, Deforestation, and Mercury Imports." Ed. Guy J-P. Schumann. PLoS ONE 6.4 (2011): e18875. PMC. Web. 17 Feb. 2015.</ref> pollution,<ref name="swen" /> prostitution,<ref>{{cite web|url=http://www.huffingtonpost.com/alfonso-daniels/child-prostitution-boomin_b_1086278.html|title=Child Prostitution Booming in Peruvian Amazon |first=Alfonso Daniels Emergency Media Manager for Save the Children|last=International|website=[[HuffPost]] |date=14 November 2011 |access-date=9 January 2017}}</ref><ref>{{cite web |url=http://www.peruviantimes.com/la-republica-expose-on-child-prostitution-in-peruvian-amazon-mining-towns/10555 |title=La Republica: Exposé on child prostitution in Peruvian Amazon mining towns |access-date=2009-11-16 |website= Peruvian Times |date=10 August 2008}}</ref> poor working conditions and criminality.<ref>{{Cite web |last=Godoy |first=Por Juan Manuel |date=2025-01-20 |title=Falta de oxígeno, contaminación y crimen: cómo es La Rinconada, la ciudad más alta del mundo |url=https://www.infobae.com/america/america-latina/2025/01/20/falta-de-oxigeno-contaminacion-y-crimen-como-es-la-rinconada-la-ciudad-mas-alta-del-mundo/ |access-date=2025-01-23 |website=infobae |language=es-ES}}</ref> ==== Manufacturing ==== Peru has developed a medium manufacturing sector. The sector now represents 23 percent of GDP and is tied heavily to mining, fishing, agriculture, construction and textiles. Manufacturing is mainly devoted to processing to gain a value-added advantage. The most promising sector is textiles, metal mechanics, food industry, agricultural industry, manufactures, chemicals, pharmaceuticals, machinery and services. ==== Services ==== Tourism has represented a new growth industry in Peru since the early 1990s, with the government and private sector dedicating considerable energies to boosting the country's tourist destinations both to Peruvians and foreigners. ===Natural resources=== Peru's natural resources are copper, silver, gold, timber, fish, iron ore, coal, phosphate, potash, and natural gas.
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