Peru and Germany enjoy close and amicable political ties. The exchange is intensive, both bilaterally and in multilateral forums. Peru is a global partner of the Federal Ministry for Economic Cooperation and Development. Germany is the country’s second most important international donor and there is a climate partnership between Germany and Peru.

Four political foundations (Friedrich Ebert, Friedrich Naumann, Hanns Seidel and Konrad Adenauer) are active in Peru.

Peru’s steady economic growth over a period of more than 20 years was interrupted by the COVID‑19 pandemic. 2023 ended with a light recession of -0.6%. Some 54% of Peru’s GDP is made up of services (mainly tourism), while mining and industry account for 26%, agriculture 7% and the construction sector 6%.

Since 1968, there has been a German-Peruvian Chamber of Industry and Commerce in Lima with around 280 member companies. German companies are mainly successful in the technology sector and there is a bilateral raw material partnership. The largest German investment in Peru is the extension of Lima airport by Fraport AG.

In the field of development cooperation, Germany has been working intensively with Peru for the last 60 years and is the country’s largest European donor. The five areas of development cooperation are good governance, climate action and adaptation to climate change, sustainable urban development, biodiversity and forest conservation. The main focus is on cooperation on climate action and environmental protection, based on the global agenda for sustainable development and national contributions to climate action, as well as on alignment with international standards as part of Peru’s OECD accession process. A further focus is gender equality, which is to be developed within the framework of feminist development policy. At the 2022 intergovernmental negotiations on development policy, a political declaration on the climate and development partnership was signed with Peru – the first country in Latin America.

In the field of culture, the priorities are teaching German as a foreign language (three German schools, ten more PASCH schools, a total of some 18,500 pupils learning German) and academic exchange (a total of 1664 Peruvian students in Germany).

There is a Goethe-Institut in Lima and a German-Peruvian culture institute in both Arequipa and Cusco.