Peruvian territory was home to ancient cultures spanning from the Norte Chico civilization, one of the oldest in the world, to the Inca Empire, the largest state in Pre-Columbian America. The Spanish Empire conquered the region in the 16th century and established a Viceroyalty with its capital in Lima, which included most of its South American colonies. After achieving independence in 1821, Peru has undergone periods of political unrest and fiscal crisis as well as periods of stability and economic upswing. Economic cycles have mostly been based on the extraction of raw materials like guano and rubber.
Peru is a representative democratic republic divided into 25 regions. Its geography varies from the arid plains of the Pacific coast to the peaks of the Andes Mountains and the tropical forests of the Amazon Basin. It is a developing country with a high Human Development Index score and a poverty level around 25.8 percent.
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