Great Military Parade of Peru Great Military Parade of Peru On July 29 every year, the Great Military Parade of Peru celebrating the anniversary of Peru's declaration of independence from Spain in 1821 is held in Lima, the national capital, by members of the Peruvian Armed Forces and the National Police of Peru and is presided over by the President of Peru and his First Family, members of the Council of Ministers of Peru and the Congress of the Republic of Peru, other civil officials, ecclesiastical leaders, the Diplomatic Corps of Peru, and other invited guests, among them commanders and other officers and personnel of
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