Peru and Germany enjoy close and amicable political ties. Dialogue is intensive, both bilaterally and in multilateral forums, and there are regular political visits. The Federal President visited Peru in 2015 and the Parliamentary Friendship Group for Relations with the Andean States visited 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).
In 2019, economic growth in Peru stood at some 4%. Triggered by the COVID-19 pandemic, GDP fell by 11.1% in 2020. The International Monetary Fund (IMF) estimates that the Peruvian economy will recover and generate 8.5% growth in 2021 (April 2021 figures). The largest German investment is the extension of Lima airport by Fraport AG. German companies are active and successful above all in the delivery sector, particularly in the field of technology.
GDP breaks up as around 58% through trade and services, 16% through industry, 15% through mining and oil production, 5% through the construction sector and 6% through agriculture. The mining sector accounts for some 60% of the country’s exports. The economic downturn caused by the pandemic affected all sectors across the board in 2020.
Development cooperation focuses on the environment, good governance and sustainable urban development, which are key factors for Peru when it comes to sustainable development. It centres around support for Peru’s anti-corruption plan and cooperation on climate and environmental issues, based on the global agenda for sustainable development and national contributions to climate protection. In development policy negotiations with Peru, rapid funding to combat the pandemic and help rebuild the economy was made available.
In the field of culture, work focuses on teaching German as a foreign language (three international schools, 21 other schools teaching German, a total of some 18,500 German-learners) and on 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.