Peru Highway 1 Peru Highway 1 Peru Highway 1, most widely known as Carretera Panamericana, is the most important highway in Peru. This road is the Peruvian portion of the Pan-American Highway. It runs north-south through the whole length of the country and connects all major cities in the country's coastal area. The northern terminus of the highway is located in Aguas Verdes (Tumbes Region) at the border with Ecuador. Starting in this point, the highway is known as "Carretera Panamericana Norte" ("North Pan-American Highway") until it reaches a point located in central Lima, the country's capital. Going south from this point, the
Economy of Peru Economy of Peru Peru is classified as "upper middle income" by the World Bank and is the 39th largest in the world by total GDP. Peru is one of the world's fastest-growing economies, with a 2012 GDP growth rate of 6.3%. It currently has a high human development index of 0.741 and per capita GDP above $12,000 by PPP. Neo-classical economists would interpret Peru's sound economic performance as a combination of: However, Post-Keynesian economists would argue that what neo-classical economics considers to be "prudent" fiscal spending is nothing more than a means to restrict government spending in order to make