What Type of Economy Does Peru Have?


Quick Answer

The economy of Peru varies according to the different climate zones of the country, with agriculture and fishing being two of the main branches. Peru is the 47th freest country in the world by economic freedom score, according to the 2015 Index of Economic Freedom.

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Full Answer

Some of the problems the economy of Peru faces include labor freedom, freedom from corruption and monetary freedom. A large part of the economy in Peru, including mining and agriculture, has a history that goes back to the ancient Inca. As of 2013, Peru has one of the highest GDP growth rates in the world.

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