Peru
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2008-2009 , pp 147-152
- Publication Date: September 2011
- DOI: https://doi.org/10.18356/06958419-en
- Language: English
In 2008, for the seventh consecutive year, Peru turned in a strong economic performance. Growth reached 9.8%, formal employment grew by 8.3% and the country posted a fiscal surplus of 2.1% of GDP, which allowed public debt to be reduced once again. However, as a result of higher international prices, inflation exceeded the target range, ending the year at 6.7%. Worsening terms of trade and the strong rise in imports meant that the balance-of-payments current account deficit rose to 3.3% of GDP.
© United Nations
ISBN (PDF):
9789210549127
Book DOI:
https://doi.org/10.18356/1659750f-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Peru
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