Peru and Germany enjoy close and amicable political ties. Dialogue is intensive, both bilaterally and in multilateral forums.
There are regular political visits. The Federal President visited Peru in 2015, while the Parliamentary Friendship Group for Relations with the Andean States went to Lima and Pucallpa in 2019.
A number of German political foundations maintain offices in Peru (Konrad-Adenauer-Stiftung, Hanns Seidel Foundation, Friedrich Naumann Foundation for Freedom and Friedrich-Ebert-Stiftung).
Peru’s economic growth over a 22-year period was interrupted by the COVID-19 pandemic, with the country’s GDP falling in real terms by 11.1% in 2020.
Peru recovered from the 2020 fall in GDP, experiencing a growth rate of 13% in 2021. According to current forecasts, however, the growth of the Peruvian economy will slow down in 2022. A rate of between 2% and 3% is being predicted at present.
The largest German investment in Peru is the extension of Lima airport by Fraport AG. German companies are above all active and successful in the delivery sector, particularly in the field of technology.
Peru’s GDP (224 billion US dollars in 2021) is made up of mining and industry (approx. 26%), services including tourism (54%), the construction sector (6%) as well as agriculture (7%). In addition to this, there are the “remesas”, i.e. personal remittances by Peruvian nationals living abroad (3.5 billion US dollars in 2021, around 1.5% of GDP).
Development cooperation centres around the environment, good governance and sustainable urban development, which are key to Peru’s sustainable development. The focus is on cooperation on climate and environmental issues, based on the global agenda for sustainable development and national contributions to climate protection, as well as alignment with OECD standards as part of Peru’s OECD accession process. Rapid funding to combat the pandemic and help rebuild the economy was made available in development policy negotiations with Peru.
In the field of culture, the priorities are teaching German as a foreign language (three international schools, 21 other schools teaching German; a total of some 18,500 pupils are learning German) and academic exchange (many examples of bilateral university cooperation; 2019: 490 German Academic Exchange Service scholarships for Peruvian nationals and a total of 1436 Peruvian students in Germany).
There is a Goethe-Institut in Lima and a German-Peruvian culture institute in Arequipa and Cusco.