Flags of The World
      Home > World Flags > Peru

Peru Flag

Peru Flag
Flag of Peru
Peru flags for displaying indoors or out.
Business/Geographic Mapping & Drawing Software
Free Download: Easily create business or geographical maps, charts & Illustrations. Includes world, national-state maps & flags, physical & political maps, elevation & ocean maps, highway & county maps, historical flags, and much more! See Examples.
Find the Best Sites For World Flags With Joltsearch
JoltSearch is an excellent resource for quality sites on World Flags and much more! Get your Google listings for World Flags with JoltSearch!

Peru

Peru Background

Ancient Peru was the seat of several prominent Andean civilizations, most notably that of the Incas whose empire was captured by the Spanish conquistadores in 1533. Peruvian independence was declared in 1821, and remaining Spanish forces defeated in 1824. After a dozen years of military rule, Peru returned to democratic leadership in 1980, but experienced economic problems and the growth of a violent insurgency. President Alberto FUJIMORI's election in 1990 ushered in a decade that saw a dramatic turnaround in the economy and significant progress in curtailing guerrilla activity. Nevertheless, the president's increasing reliance on authoritarian measures and an economic slump in the late 1990s generated mounting dissatisfaction with his regime. FUJIMORI won reelection to a third term in the spring of 2000, but international pressure and corruption scandals led to his ouster by Congress in November of that year. A caretaker government oversaw new elections in the spring of 2001, which ushered in Alejandro TOLEDO as the new head of government.

Peru Economy

Thanks to foreign investment and the cooperation between the government and the IMF and World Bank, growth was strong in 1994-97 and inflation was brought under control. In 1998, El Nino's impact on agriculture, the financial crisis in Asia, and instability in Brazilian markets undercut growth. The following year was again lean year for Peru, with the aftermath of El Nino and the Asian financial crisis working its way through the economy. Political instability resulting from the presidential election and FUJIMORI's subsequent departure from office limited growth in 2000. The downturn in the global economy further curtailed growth in 2001. President TOLEDO, who assumed the presidency in July 2001, has been working to reinvigorate the economy and reduce unemployment. Economic growth in 2002 is estimated at 4.8%, led by construction in the retail and gas sectors.

Peru Location

Western South America, bordering the South Pacific Ocean, between Chile and Ecuador

Peru Flag

three equal, vertical bands of red (hoist side), white, and red with the coat of arms centered in the white band; the coat of arms features a shield bearing a vicuna, cinchona tree (the source of quinine), and a yellow cornucopia spilling out gold coins, all framed by a green wreath


World Flags | Flag Kits | Flag Poles | Flag Decals | Flag Lapel Pins | State Flags | Home