Diplomatic representation from the US: chief of mission: Ambassador
John HAMILTON
embassy: Avenida La Encalada, Cuadra 17s/n, Surco, Lima 33
mailing address: P. O. Box 1995, Lima 1; American Embassy (Lima), APO AA 34031-5000
telephone: [51] (1) 434-3000
FAX: [51] (1) 434-3037
Flag description: three equal, vertical bands of red (hoist side), white, and red with the coat of arms centered in the white band; the coat of arms features a shield bearing a llama, cinchona tree (the source of quinine), and a yellow cornucopia spilling out gold coins, all framed by a green wreath
Peru Economy
Economy - overview: The Peruvian economy has become increasingly market-oriented, with major privatizations completed since 1990 in the mining, electricity, and telecommunications industries. Thanks to strong foreign investment and the cooperation between the FUJIMORI government and the IMF and World Bank, growth was strong in 1994-97 and inflation was brought under control. In 1998, El Nino's impact on agriculture, the financial crisis in Asia, and instability in Brazilian markets undercut growth. And 1999 was another lean year for Peru, with the aftermath of El Nino and the Asian financial crisis working its way through the economy. Political instability resulting from the presidential election and FUJIMORI's subsequent departure from office limited economic growth in 2000.
GDP: purchasing power parity - $123 billion (2000 est.)
GDP - real growth rate: 3.6% (2000 est.)