The GNP per capita was $ 1,470 in 1987 and has grown in recent years at an average annual rate of approximately 8 percent. The unemployment rate was 8.2 percent in the same year. Underemployment, however, is very widespread and, in the mid-1950s was estimated to affect 51 percent of the workers. The inflation rate was 114% in 1987. Tourism is assuming a growing importance in Peru's economy