The 2011 South American Youth Championship (Spanish: Campeonato Sudamericano Sub-20 “Juventud de America” Perú 2011, Portuguese: Campeonato Sul-Americano Sub-20 “Juventude da America” Peru 2011) was a football competition for U-20 national teams in the South America (CONMEBOL).

The tournament was held in Peru from 16 January to 12 February.

The top 4 teams qualified for the 2011 FIFA U-20 World Cup in Colombia.

In addition, the top 2 teams qualified for the 2012 Summer Olympics, to be held in London, United Kingdom.

As hosts of the 2011 FIFA U-20 World Cup, Colombia automatically qualified.