What Is Perus Economy Based On
The economy of peru is an upper middle income economy as classified by the world bank and is the 47th largest in the world by total gdp.
What is perus economy based on. The different climate zones facilitate widespread agriculture the andes rich in natural resources allow mining and the pacific ocean with its fishful waters makes commercial fishing possible. Peru was one of the worlds fastest growing economies in 2012 with a gdp growth rate of 63. Peru continues to be one of latin americas best performing economies but growth has lost momentum in recent years due to both domestic and external factors according to the imfs latest annual economic assessment.
Already the incas used the existing resources wisely and skillfully. The peruvian economy is historically based on the countries geographical conditions.