TRANSPARENCY SNAPSHOT

Overall, Peru performs much better than many resource abundant countries in both revenue and expenditure transparency, thanks to a legal framework that guarantees citizens access to basic information about oil, gas and mining revenues and their distribution and usage.

However, activists continue to lack information on contracts, corporate income tax payments and corporate social contributions, particularly at the sub-national level.
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EXTRACTIVE INDUSTRIES

Historically, mining activities have contributed to half of Peru's export earnings. In 2005, mining activities accounted for 6 percent of GDP and more than 10 percent of fiscal revenues. Although mineral output (iron, gold, silver and copper mainly) grew by 4 percent in 2006, mining export earnings increased by 53 percent during the same period due to soaring prices.
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