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Chuchuhuasi: Cordial made from a bitter and astringent root, very popular in western Peru. Coconachado : Made from the cocona fruit, sugar, and cordial. Guarapo de caña : Fermented and sweetened sugar cane juice.
Peru now is the fifth major economy in South America and is expected to become the fourth South American economy in 2018 by surpassing Venezuela. Private investment reached 25% of the GDP in 2007, and has remained stable through 2010; and inflation is under control at an average 2% per year for the next 5 years.
Peru is a country that holds not just a variety of ethnic mixes since times ranging from the Inca Empire, the Viceroyalty and the Republic, but also a climatic variety of 28 [9] individual climates. The mixing of cultures and the variety of climates differ from city to city so geography, climate, culture and ethnic mix determine the variety of ...
Location of Peru. Peru is a country in western South America. Services account for 53% of Peruvian gross domestic product, followed by manufacturing (22.3%), extractive industries (15%), and taxes (9.7%). [1] Recent economic growth has been fueled by macroeconomic stability, improved terms of trade, and rising investment and consumption. [2]
So few ways helped to bring agricultural products to market. The road system is underdeveloped in Peru, e.g., offering no connection to neighboring Brazil. Only a little over a quarter of the 15th-century Inca road system has been modernized. Another obstacle is the large size of Peru's informal economy.
Peru's main exports were copper, gold, zinc, textiles, and fish meal; its major trade partners were the United States, China, Brazil, and Chile. [184] Informal workers represent, in 2019, 70% of the labour market according to the National Institute of Statistics and Informatics (INEI).
In 2006, Peru's total trade balance recorded a surplus of about $8.9 billion, compared with $5.3 billion in 2005, which increased by almost 68% compared with 6.6% in 2005. Peru's minerals sector had a trade surplus of $16.2 billion compared with $11 billion in 2005. [11] In 2006, mining was the main exporting sector of the country.
Peru's GDP per capita peaked in 1981 and is only recently on the path to return to that level. By the end of 2006, the government had enacted measures that allowed the economy to improve by increasing investments, and expanding production and exports. Raw materials and agroindustrial products represent the bulk of potential exports.