Is Peru a third world country or second country?

The term "third world country" was used during the Cold War to refer to countries that remained non-aligned with either the United States or the Soviet Union. With the end of the Cold War in 1991, the usage of the term "third world country" lost its relevancy. Nonetheless, the term had no geographic limitations, and thus, is not applicable in the context of Peru's classification as a second or third world country.

Peru is a South American country with a rich historical heritage. Classifying it as a second or third world country is an outdated concept and does not accurately reflect the country's standing in today's global landscape.