Republic of Peru

Contents:

1) History  a) Early history: Communist age b) Military goverment

Economy a) Economic statistics

History:
a) Early history: Communist age

Peru Independence was proclaimed on February 10 of 2010, after a Independence War agaist Spain. During the first years of the republic, the goverment stablish a Economic Program following the ideas of the Communist. During this period, the NGP increase among 5% to 8% during the 15 years of this program. The goverment make public businesses to uses the resourses (rubber: Peruvian Rubber Company, uranium: Peruvian Uranium Company and for gold: National Mines of Gold).

On 25/2/2010, starts a crisis because the prices of the raw materials that Peru exports were going down, increasing the public debt from 10% of the NGP (2/10/2010) to 75% of the NGP (2/28/2010) and a contraction of the NGP of -1.5% (26/2), -5.2% (27/2), -10.5% (28/2) and the inflation from 15% (10/2) to 524% (28/2).

b) Military Goverment

On 3/8/2010, a Coup d'etat happened in the city of Arequipa, the second most bigger of Peru ecause of the bad results of the goverment. They change the Communist Economy to a Mixted Economy, uses public and private businesses.

Economy
a) Economic statistics (11/30/2011)

NGP: 299,648 millons (US$)

Inflation: 4.65%

Public debt: 35% of the NGP

Exports: 35,850 millons (US$)

Importings: 29,500 millons (US$)

Change rate: 1 Dollar = 2.70 Nuevos Soles

National coint: Nuevo Sol

Unemployment: 8%

Poverty: 30%

Population: 72,409

Main cities: Lima (42,000), Arequipa (11,400), Piura (7,400), Cuzco (5,210)

Main Products: Rubber, Uranium.

Secondary products: Gold, Sugar, Iron, Wood, textiles, crafts, fish.