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Poverty in Peru has rapidly declined since the start of the 21st century, as a result of prosperity from the international market, tourism, low inflation, greater economic opportunities, and neoliberal economic policy, at one of the fastest rates in South America.
According to a study by the World Bank, the richest decile of the population of Latin America earn [14] 48% of the total income, while the poorest 10% of the population earn only 1.6% of the income. In contrast, in developed countries, the top decile receives 29% of the total income, while the bottom decile earns 2.5%.
with lowest economic class based on the World Bank's international poverty lines of $2.15 and $3.65 a day Country Region World Bank Income group (2024) Extremely poor: Less than $2.15 a day Moderately poor: $2.15 to less than $3.65 a day Not extremely or moderately poor: $3.65 or above a day Afghanistan: South Asia Low income
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BELÉN, Peru (AP) — In the heart of Peru’s Amazon region, a poor neighborhood put aside the trials and tribulations of everyday life and celebrated an international film festival with works ...
Road to the Riches (song) Rockin' in the Free World; S. She Was Poor but She Was Honest; So Long, It's Been Good to Know Yuh; Something to Believe In (Poison song)
The country was one of the world's fastest-growing economies in 2012, with a GDP growth rate of 6.3%. [24] The economy was expected to increase 9.3% in 2021, in a rebound from the COVID-19 pandemic in Peru. [25] Peru has signed a number of free trade agreements with its main trade partners.
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...