Viceroyalty of Peru Viceroyalty of Peru The Viceroyalty of Peru () was a Spanish imperial provincial administrative district, created in 1542, that originally contained most of Spanish-ruled South America, governed from the capital of Lima. The Viceroyalty of Peru was one of the two Spanish Viceroyalties in the Americas from the sixteenth to the eighteenth centuries. The Spanish did not resist the Portuguese expansion of Brazil across the meridian established by the Treaty of Tordesillas. The treaty was rendered meaningless between 1580 and 1640 while Spain controlled Portugal. The creation during the 18th century of Viceroyalties of New Granada and Río de la
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