Yungay, Peru Yungay, Peru Yungay is a town in the Ancash Region in north central Peru, South America. Yungay is located in the Callejón de Huaylas on Río Santa at an elevation of approximately 2,500 meters, 450 km north of Lima, the country's capital. East of the small town are the mountain ridges of snow-covered Cordillera Blanca, with Huascarán, Peru's highest mountain, no more than 15 km east of Yungay. Yungay is the capital of Yungay Province, as well as the main town in the Yungay District. While the town counts approximately 10,000 inhabitants (2010 projection based on 2007 census data) Yungay
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