Bilateral political relations between Germany and Peru are marked by friendship and mutual trust. Dialogue is intensive, both bilaterally and in multilateral forums. Both countries had seats in the UN Security Council in 2019.
There are regular political visits. The Federal President visited Peru in 2015; in 2019, the Parliamentary Friendship Group for Relations with the Andean States visited Lima and Pucallpa.
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 is impressive, standing at approximately four percent in 2019. For 2020, however, an economic slump of ten percent of GDP is expected due to the COVID‑19 crisis. The largest German investment is the extension of Lima airport by Fraport AG.
GDP of 229 billion US dollars (2019) broke down into 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 effects of the pandemic will alter this ratio, as the sectors have been hit with varying degrees of severity. German businesses are active in technological sectors, particularly providing technology for more efficient and sustainable production.
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, national contributions to climate protection and the OECD country programme.
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.