06 June 2011

Humala likely winner of Peruvian Presidential elections!

Though the results are still preliminary, it seems likely that the candidate for the left has won.

With an estimated real growth rate of 8.8% for 2010 (11th highest in the world for that year), the country remains fairly poor with a GDP per capita in Purchasing Power Parity of $9,200 (115th position). Unemployment rate currently stands at 7.9%, but inequality is high with a GINI coefficient of 49.6 (25th highest in the world). The poorest ten percent of households have 1.5% of total income/consumption while the top ten percent has 37.9%.... It is not hard to imagine why people supported the candidate with the redistributive agenda. For more background information and sources, go here.

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