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In the rural areas the standard of living is very low. On paper, the general state of the economy looks bad, with little growth for the past 30 years. There is however a widespread and large 'informal' economy that the official figures do not show, smuggling goods into Brazil and Argentine being a large and profitable part of that informal economy and a source of income for many people.

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10y ago
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13y ago

Peru has the 78th highest standard of living in the world. It is comparable with that of Kazakhstan, Thailand, and North Korea.

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Q: What is the standard of living in Peru?
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