ECONOMY
  The  economy of Peru  is an  emerging ,  social market economy  characterized by a high level of foreign trade and an upper middle income economy as classified by the  World Bank . [23]   Peru  has the forty-seventh largest economy in the world by total GDP [24]  and currently experiences a high  human development index . [25]  The country was one of the world's fastest-growing economies in 2012, with a GDP growth rate of 6.3%. [26]  The economy was expected to increase 9.3% in 2021, in a rebound from the  COVID-19 pandemic in Peru . [27]  Peru has signed a number of  free trade agreements  with its main trade partners. China became the nation's largest trading partner following the  China–Peru Free Trade Agreement  signed on 28 April 2009. [28]  Additional free trade agreements have been signed with the  United States in 2006 , [15] [29] Japan in 2011 [30]  and the  Euro...
 
 
 
 
 
 
