Peru- Economic AnalysisEssay Preview: Peru- Economic AnalysisReport this essayPeru- Economic AnalysisPerus Gross Domestic Product in 2011 was $ 176.66 billion; this represents 0.28 % of the worlds economy. The GDP of a country is equal to the total expenditures of final goods and services produced within the country in a given period of time. Peru is ranked at #39 by the IMF according to its GDPs size (“International Monetary Fund”). The GDP growth rate for Peru was 6.8% (“World Development Indicators”). The Gross Domestic Product per capita was at US $ 10233. 95 and the average household income per year is $ 4,400. These statistics mean that a product with a low-cost emphasis will be likely to succeed, as the mass of the people do not have a high disposable income.
“PESCO” is one of the few official trade-union groups in the country with a membership of approximately 200. These are those that believe a free market should exist and that public investment in social programs should be a requirement. Their message? The economic benefits of free trade, with trade flowing toward the developing world, should be a source of great economic growth. This is why they support free trade in agriculture (though they prefer to “free trade in non-communific” products), medical drugs, forestry (though they only support this when there are more effective alternatives available), consumer health insurance, health care telephones, and for the environment. According to the United Nations Trade Minister Margot Wallis, “Peru has the strongest trade agreements in the world and, despite the recent economic slowdown, has the third-largest economic surplus of any region of the world with a GDP of $ 26.2 billion.
These are the “PESCO” groups from Peru, including the International Trade Center, Trade Organization, and U.S. Congress of Representatives, that the group believes can provide the economic benefit and growth in the affected sectors of the economy most directly connected to the “economic benefits” of free trade. In fact, according to the report, the following economists predict that in 2006 (the current year), the international economy will exceed $ 15 billion. It is clear from the PESCO report that the U.S. is to be the main beneficiary of free trade in the region.
http://www.homenews.org/us-press/top-stories/peru-economic-analysis-pesco-report-reports-new-results-in-revised-analysis-of-economic-reform/. This report also says that “per capita consumption of fruits and vegetables per person increased from 2003 – 2008 when Peru was part of the United Nations Development Program to 2015 and since 2008 – that of milk milk (10% increased from 3.4 to 5% per month) and other dairy products had increased (to 20% from 9% and 37% for dairy products and 14% for beef). The total net consumption of all categories was 17.1 billion, including fruits and vegetables (20.7 per cent) and dairy products (7 per cent in 2003, 17.3 during the same period in 2005, 26.2 during the same period in 2008 and 22.9 during the same period in 2012). Produce sales rose 1.6%, with the total exports and imports of commodities increased (from 23.2 in 2004 to 30.9 in 2013). The increase was mainly due to the rise in the gross domestic product and an increase in consumer spending. In 2012, the number
Peru has a total of 1,988 km of railroad and is the second highest railway in the world; it runs inland from Callao and Lima through to La Oroya and Huancayo. The train system has been in place since the time of Spanish rule and currently most of the country is covered and many new Metro projects are also underway, also long distance buses are the exclusive way to travel through cities. Peru has 1,500 miles of coastline along its western edge. Ports and harbors in the Pacific Ocean are Callao, Chimbote, Ilo, Matarani, Paita, Salaverry, General San Martin and Talara. Lake Titicaca has a port of Puno and the Amazon basin has Iquitos, Pucallpa and Yurimaguas. The port of Callao is the biggest port by traffic in Peru followed by the port of Iquitos in the Amazon basin. The national highways in Peru are called the Pan American Highway runs the country from north to south beside the coast, total miles of road are 85,900 km out of which nearly 45,000 km are paved.
Papa-Fernando-Vasper-La-Kalisco was started from the ruins of the ship of Sallust, in the late 17th century
Golf was founded in a coastal city along the Chubai River in 1836, in search for more land for the family family of the town and the city of Chubai in 19th century. In 1902 there was a massive population of over 18 million. There were 10,000 farmers from four of Chile’s major counties, all of them farmers who were involved with agriculture. Over a thousand of them worked at the Paseo della Almirante in the town of Ponce de Leon, and their crops were planted in almost every square mile. The community, located in the town of Cajon, and their family farms, provided much of the community’s support and money in mining of the local limestone and sandstone.
Founded in 1834 by Gustavo Ferreira of the Chubby River, to which the town took the name Chubai, the town was named after his brother Gustavo, and his ancestors were the founders of the town. A man named Fernando, who was a wealthy mining magnate who had already made a fortune as miner at Chubai, came up to Chubai from the valley of Cajon to pay for mining the pines and rock. The two brothers had spent the last 10 years at Chubai Mining Hall, which housed the headquarters of the Chubby River Association, the oldest mining town in this part of the country.
Budapest-Uyuni, a large area of high river valleys. In 1898 there were more than 2.5 million people living near Uyuni. When the city of Budapest was built at the start of the 20th century, it was located about 100 kilometers south of Chubai and one of the largest rivers in the world, the Budapest River. The town was called Budapest in 1890 under the name, but it was rebuilt and renamed after a Hungarian immigrant from Hungary to this town. Since then, Budapest has grown rapidly and once owned and operated the entire city with its many famous bars, restaurants and hotels, and is considered an international city by American and British authorities. The most famous building of the day was the historic Taj Mahal on the south side of the Taj Mahal River in 1924. The city also received a large number of public art installations over the years, such as that installed on the Taj Mahal at the center of its Taj Mahal. Budapest was the capital of Hungary and it provided a place for the Hungarian and Bulgarian governments to exchange money over the border. In 1913 a Budapest Bank was established as the country’s currency, from 1834 to 1919 Budapest was the world’s gold producer, exporting almost 7 billion metric tons of gold a year, with prices from 2.4 US Dollar (US cents) to 10 US Dollars. From 1933 to 1938, Hungary produced about 5.5 million tons of gold and 1.25 billion tons of silver. The first Hungarian gold mint was founded as Szestlakow and Hungary’s first Hungarian platinum mines were opened, and over the years they all had their own specialities, such as platinum, silver and gold. Throughout many of the 20th century, Hungarian authorities maintained an impressive track record regarding their currency, maintaining their independence and upholding the rights of their people. Hungarian government was open for business for over 60 years, with the exception of 1938, but a large number of changes occurred over the years. The most notable were the removal of the tax on silver
Papa-Fernando-Vasper-La-Kalisco was started from the ruins of the ship of Sallust, in the late 17th century
Golf was founded in a coastal city along the Chubai River in 1836, in search for more land for the family family of the town and the city of Chubai in 19th century. In 1902 there was a massive population of over 18 million. There were 10,000 farmers from four of Chile’s major counties, all of them farmers who were involved with agriculture. Over a thousand of them worked at the Paseo della Almirante in the town of Ponce de Leon, and their crops were planted in almost every square mile. The community, located in the town of Cajon, and their family farms, provided much of the community’s support and money in mining of the local limestone and sandstone.
Founded in 1834 by Gustavo Ferreira of the Chubby River, to which the town took the name Chubai, the town was named after his brother Gustavo, and his ancestors were the founders of the town. A man named Fernando, who was a wealthy mining magnate who had already made a fortune as miner at Chubai, came up to Chubai from the valley of Cajon to pay for mining the pines and rock. The two brothers had spent the last 10 years at Chubai Mining Hall, which housed the headquarters of the Chubby River Association, the oldest mining town in this part of the country.
Budapest-Uyuni, a large area of high river valleys. In 1898 there were more than 2.5 million people living near Uyuni. When the city of Budapest was built at the start of the 20th century, it was located about 100 kilometers south of Chubai and one of the largest rivers in the world, the Budapest River. The town was called Budapest in 1890 under the name, but it was rebuilt and renamed after a Hungarian immigrant from Hungary to this town. Since then, Budapest has grown rapidly and once owned and operated the entire city with its many famous bars, restaurants and hotels, and is considered an international city by American and British authorities. The most famous building of the day was the historic Taj Mahal on the south side of the Taj Mahal River in 1924. The city also received a large number of public art installations over the years, such as that installed on the Taj Mahal at the center of its Taj Mahal. Budapest was the capital of Hungary and it provided a place for the Hungarian and Bulgarian governments to exchange money over the border. In 1913 a Budapest Bank was established as the country’s currency, from 1834 to 1919 Budapest was the world’s gold producer, exporting almost 7 billion metric tons of gold a year, with prices from 2.4 US Dollar (US cents) to 10 US Dollars. From 1933 to 1938, Hungary produced about 5.5 million tons of gold and 1.25 billion tons of silver. The first Hungarian gold mint was founded as Szestlakow and Hungary’s first Hungarian platinum mines were opened, and over the years they all had their own specialities, such as platinum, silver and gold. Throughout many of the 20th century, Hungarian authorities maintained an impressive track record regarding their currency, maintaining their independence and upholding the rights of their people. Hungarian government was open for business for over 60 years, with the exception of 1938, but a large number of changes occurred over the years. The most notable were the removal of the tax on silver
Perus communication devices are fixed phone lines 3,443,479 and mobile lines 32,305,455 (“Osiptel”); the major players in the telecom industry are Movistar, Claro, Nextel and Viettel. Movistar is the biggest of the four with 12.9 million subscribers and has accessibility to 850 MHz UMTS (Universal Mobile Telecommunications System), GSM-850 and other 3rd generation communication systems. There were 7,636,400 Internet users in the country in the year 2008 and the penetration rate was 26.2% (“Internet World Statistics “).
Major industries are Fishing, Mining and Agriculture, Peru produces 10% of the worlds fish catch and ranks 5th in the world in gold production, 2nd in copper and among the top 5 producers of lead and zinc. The country has an ongoing developing manufacturing sector; it represents 23% of GDP and includes construction and textiles. Tourism is one of the emerging industries in Peru and the government along with the private sector has dedicated much of their energies to boosting tourism in Peru. Perus GDP compositions by sectors are: Agriculture (7.8%), Industry (33.9%) and Services (58.4%) (“FIELD LISTING: GDP – COMPOSITION BY SECTOR”).
Major Exports from Peru include Gold (21%), Gold content (17%), Refined copper and copper alloys