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'''Peru''' is an equatorial [[country]] in western [[South America]], bordering [[Ecuador]], [[Colombia]], [[Brazil]], [[Chile]], and [[Bolivia]].  The historic home of the [[Inca]] civilization, Peru attracts many tourists who visit the historic sites such as [[Machu Picchu]] and [[Sacsayhuamán]] near Cuzco.

'''Peru''' is an equatorial [[country]] in western [[South America]], bordering [[Ecuador]], [[Colombia]], [[Brazil]], [[Chile]], and [[Bolivia]].  The historic home of the [[Inca]] [[civilization]], Peru attracts many tourists who visit the historic sites such as [[Machu Picchu]] and [[Sacsayhuamán]] near [[Cuzco]].

==People==

==People==

==Economy==

==Economy==

Peru's economy has shown strong growth over the past five years, helped by market-oriented economic reforms and privatizations in the 1990s, and measures taken since 2001 to promote trade and attract investment. GDP grew 8.0% in 2006, 6.7% in 2005, 4.8% in 2004, 4.0 in 2003, and 4.9% in 2002. President Alan Garcia and his economic team have continued these policies. GDP is projected to grow by more than 7% in 2007. Recent economic expansion has been driven by construction, mining, export growth, investment, and domestic demand. Inflation is projected to remain under 2% in 2007, and the fiscal deficit is only 0.6% of GDP. In 2006 external debt decreased to $28.3 billion, and foreign reserves were a record $17.3 billion at the end of 2006.  

Peru's [[economy]] has shown strong growth over the past five years, helped by [[Market economy|market-oriented]] economic reforms and [[privatization]]s in the 1990s, and measures taken since 2001 to promote [[trade]] and attract [[investment]]. [[Gross Domestic Product|GDP]] grew 8.0% in 2006, 6.7% in 2005, 4.8% in 2004, 4.0 in 2003, and 4.9% in 2002. President Alan Garcia and his economic team have continued these policies. GDP is projected to grow by more than 7% in 2007. Recent economic expansion has been driven by [[construction]], [[mining]], export growth, investment, and domestic demand. [[Inflation]] is projected to remain under 2% in 2007, and the fiscal [[deficit]] is only 0.6% of GDP. In 2006 external [[debt]] decreased to $28.3 billion, and foreign reserves were a record $17.3 billion at the end of 2006.  

Peru's economy is well managed, and better tax collection and growth are increasing revenues, with expenditures keeping pace. Private investment is rising and becoming more broad-based. The government has had success with recent international bond issuances, resulting in ratings upgrades. The Garcia administration is studying decentralization initiatives, and is focused on bringing more small businesses into the formal economy.  

Peru's economy is well managed, and better [[Taxation|tax collection]] and growth are increasing [[revenue]]s, with [[expenditure]]s keeping pace. Private investment is rising and becoming more broad-based. The [[government]] has had success with recent international [[bond]] issuances, resulting in ratings upgrades. The Garcia administration is studying decentralization [[initiative]]s, and is focused on bringing more small businesses into the formal economy.  

===Foreign Trade===

===Foreign Trade===