Peru's Economy: Checkpoint 1

Quick checkpoint - five questions on Peru's economy, mining, hyperinflation, the central bank and informality.

Quick checkpoint - five questions on Peru’s economy, mining, hyperinflation, the central bank and informality.

Question 1 of 5 What kept Peru's economy stable despite political chaos?

Strong institutions like an independent central bank Frequent money printing Price controls A fixed president

Peru had six presidents from 2016 to 2023.

Question 2 of 5 Who is Peru's largest mineral buyer?

China India Brazil Spain

Las Bambas is Chinese-owned.

Question 3 of 5 What was the Fujishock?

Shock therapy that ended hyperinflation An earthquake A mining boom A new currency

It freed prices and cut subsidies.

Question 4 of 5 What inflation range does Peru's central bank target?

1-3% 10-15% 0% 5-8%

It's among the lowest targets in the region.

Question 5 of 5 About what share of Peruvian workers are informal?

About 70% About 10% About 30% None

This limits taxes and protection.

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