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Finance of Peru

The minimum monthly wage in Peru is 294 USD. Peru has a government debt of 49% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Peru is 2.9%. The currency of Peru is Peruvian sol. The plural form of the word Peruvian sol is nuevos soles. The symbol used for this currency is S/., and it is abbreviated as PEN. The Peruvian sol is divided into centimo; there are 100 in one sol. Each year, consumers spend around $31,790 million. The ratio of consumer spending to GDP in Peru is 0.02%, and the ratio of consumer spending to the world consumer market is 9.17%. The corporate tax in Peru is set at 30%. Personal income tax ranges from 0% to 30%, depending on your specific situation and income level. VAT in Peru is 18%. In 2013, Peru received 393.8 million USD in foreign aid.In 2014, the foreign aid amounted to 604.8 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Peru is $372,694 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Peru was last recorded at $11,449,254. PPP in Peru is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Peru is 200,269 billion. Based on this statistic, Peru is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Peru was last recorded at $6,152,314. The average citizen in Peru has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Peru averaged 3.6% in 2014. According to this percentage, Peru is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.