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The collapse of the fishing industry caused immense negative effects on the Peruvian economy. Loans were provided to the industry by the Peruvian government to keep the industry afloat, however, the worsening of the situation led to these loans becoming difficult to be repaid, leading to debt, which in turn negatively affected the national ...
The Peruvian anchoveta (Engraulis ringens) is a species of fish of the anchovy family, Engraulidae, from the Southeast Pacific Ocean. It is one of the most commercially important fish species in the world, with annual harvests varying between 3.14 and 8.32 million tonnes from 2010 to 2021.
The Peruvian anchovy fishery is one of the largest in the world, far exceeding catches of the other anchovy species. In 1972, it collapsed catastrophically due to the combined effects of overfishing and El Niño [42] and did not fully recover for two decades.
Jack mackerel caught by a Chilean purse seiner Fishing down the food web. Overfishing is the removal of a species of fish (i.e. fishing) from a body of water at a rate greater than that the species can replenish its population naturally (i.e. the overexploitation of the fishery's existing fish stock), resulting in the species becoming increasingly underpopulated in that area.
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In recent years an accelerating decline has been observed in the productivity of many important fisheries. [31] Fisheries which have been devastated in recent times include (but are not limited to) the great whale fisheries, the Grand Bank fisheries of the western Atlantic, and the Peruvian anchovy fishery. [32]
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