Peru (continued)
Economy
Overview: The economy is verging on
hyperinflation and economic activity is
contracting rapidly. Deficit spending is at the
root of domestic economic problems, but
poor relations with international lenders
the result of curtailing debt payments
since 1985 are preventing an inflow of
funds to generate a recovery. Reduced
standards of living have increased labor
tensions, and strikes, particularly in the
key mining sector, have cut production
and exports. Foreign exchange shortages
have forced reductions in vital consumer
imports such as food and industrial inputs.
Peru is the world's leading producer of
coca, from which the drug cocaine is
produced.
GDP: S18.9 billion, per capita $880; real growth rate -12.2% (1989 est.)
Inflation rate (consumer prices): 2,775% (1989)
Unemployment rate: 15.0%; underemployment estimated at 60% (1989)
Budget: revenues $3.2 billion; expenditures $3.7 billion, including capital expenditures of $796 million (1986)
Exports: $3.55 billion (f.o.b., 1989); commodities—fishmeal, cotton, sugar, coffee, copper, iron ore, refined silver, lead, zinc, crude petroleum and byproducts; partners—EC 22%, US 20%, Japan 11%, Latin America 8%, USSR 4%
Imports: $2.50 billion (f.o.b., 1989); commodities—foodstuffs, machinery, transport equipment, iron and steel semimanufactures, chemicals, pharmaceuticals; partners—US 23%, Latin America 16%, EC 12%, Japan 7%, Switzerland 3%
External debt: $17.7 billion (December 1989)
Industrial production: growth rate -25.0% (1988 est.)
Electricity: 4,867,000 kW capacity; 15,540 million kWh produced, 725 kWh per capita (1989)
Industries: mining of metals, petroleum, fishing, textiles, clothing, food processing, cement, auto assembly, steel, shipbuilding, metal fabrication
Agriculture: accounts for 12% of GDP, 37% of labor force; commercial crops—coffee, cotton, sugarcane; other crops—rice, wheat, potatoes, plantains, coca; animal products—poultry, red meats, dairy, wool; not self-sufficient in grain or vegetable oil; fish catch of 4.6 million metric tons (1987), world's fifth-largest
Illicit drugs: world's largest coca producer and source of supply for coca paste and cocaine base; about 85% of cultivation is for illicit production; most of coca base is shipped to Colombian drug dealers for processing into cocaine for the international drug market
Aid: US commitments, including Ex-Im (FY70-88), $1.6 billion; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $3.7 billion; Communist countries (1970-88), $577 million
Currency: inti (plural—intis); 1 inti (I/) = 1,000 soles
Exchange rates: intis (I/) per US$1—5,261.40 (December 1989), 128.83 (1988), 16.84 (1987), 13.95 (1986), 10.97 (1985)
Fiscal year: calendar year
Communications
Railroads: 1,876 km total; 1,576 km
1.435-meter standard gauge, 300 km
0.914-meter gauge
Highways: 56,645 km total; 6,030 km paved, 11,865 km gravel, 14,610 km improved earth, 24,140 km unimproved earth
Inland waterways: 8,600 km of navigable tributaries of Amazon system and 208 km Lago Titicaca
Pipelines: crude oil, 800 km; natural gas and natural gas liquids, 64 km
Ports: Callao, Ilo, Iquitos, Matarani, Talara
Merchant marine: 32 ships (1,000 GRT or over) totaling 341,213 GRT/535,215 DWT; includes 18 cargo, 1 refrigerated cargo, 1 roll-on/roll-off cargo, 3 petroleum, oils, and lubricants (POL) tanker, 1 chemical tanker, 8 bulk; note in addition, 7 naval tankers and 1 naval cargo are sometimes used commercially
Civil air: 27 major transport aircraft
Airports: 242 total, 226 usable; 35 with permanent-surface runways; 2 with runways over 3,659 m; 24 with runways 2,440-3,659 m; 39 with runways 1,220-2,439 m
Telecommunications: fairly adequate for most requirements; nationwide radio relay system; 544,000 telephones; stations—273 AM, no FM, 140 TV, 144 shortwave; 2 Atlantic Ocean INTELSAT earth stations, 12 domestic antennas
Defense Forces
Branches: Peruvian Army (Ejercito
Peruano), Peruvian Navy (Marina de
Guerra del Peru), Peruvian Air Force
(Fuerza Aerea del Peru)
Military manpower: males 15-49, 5,543,166; 3,751,077 fit for military service; 236,814 reach military age (20) annually
Defense expenditures: 4.9% of GNP (1987)
Philippines
_Philippines.jpg)
See regional map IX
Geography
Total area: 300,000 km²; land area:
298,170 km²
Comparative area: slightly larger than Arizona
Land boundaries: none
Coastline: 36,289 km
Maritime claims: (measured from claimed archipelagic baselines)
- Continental shelf: to depth of exploitation
- Extended economic zone: 200 nm
- Territorial sea: irregular polygon extending up to 100 nm from coastline as defined by 1898 treaty; since late 1970s has also claimed polygonal-shaped area in South China Sea up to 285 nm in breadth
Disputes: involved in a complex dispute over the Spratly Islands with China, Malaysia, Taiwan, and Vietnam; claims Malaysian state of Sabah
Climate: tropical marine; northeast monsoon (November to April); southwest monsoon (May to October)
Terrain: mostly mountains with narrow to extensive coastal lowlands
Natural resources: timber, crude oil, nickel, cobalt, silver, gold, salt, copper
Land use: 26% arable land; 11% permanent crops; 4% meadows and pastures; 40% forest and woodland; 19% other; includes 5% irrigated
Environment: astride typhoon belt, usually affected by 15 and struck by five to six cyclonic storms per year; subject to landslides, active volcanoes, destructive earthquakes, tsunami; deforestation; soil erosion; water pollution
People
Population: 66,117,284 (July 1990),
growth rate 2.5% (1990)
Birth rate: 32 births/1,000 population (1990)
