Peru is the sixth-largest economy in Latin America. As an advocate for free trade, Peru is part of key trade blocs like the Andean Community and the Pacific Alliance, enhancing its global trade relations.
Peru’s economy heavily relies on mining exports, particularly copper and gold. Periodic disruptions and protests have hindered this sector, impacting investor confidence.
Despite being classified as upper-middle-income, Peru faces a volatile economic trajectory due to recent political instability. Chronic political fragmentation has led to frequent leadership changes and policy gridlock.