Economy of Lima

quality of the available workforce, cheap infrastructure and the mostly developed routes and highways in the city. Products include textiles, clothing and food. Chemicals, fish, leather and oil derivatives are also manufactured and/or processed in Lima.  The financial district is located in the district of San Isidro, while much of the industrial activity takes place in the area stretching west of downtown Lima to the airport in Callao. Lima has the largest export industry in South America, and is a regional hub for the cargo industry.

Industrialization began to take hold in Lima in 1930s and by 1950s, through import substitution policies, by 1950 manufacturing made up 14% of the GNP. In the late 1950s, up to 70% of consumer goods were manufactured in factories located in Lima.

The Callao seaport is one of the main fishing and commerce ports in South America, with 75% of the country's imports and 25% of its exports  using it as their entry/departure point. The main export goods leaving the country through Callao are oil, steel, silver, zinc, cotton, sugar and coffee.

Lima generates 53% of the GDP of Peru. In 2010, GDP per capita in Lima reached $20,000.  Most of the foreign companies operating in the country have settled in Lima.

In 2007, the Peruvian economy grew 9%, the largest growth rate in all of South America which was spearheaded by economic policies originating in Lima.  The Lima Stock Exchange grew 185.24% in 2006  and in 2007 grew 168.3%,