The 2011 South American Youth Championship (, ) 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.
When teams finished level of points, the final order was determined according to:
All match times are in local Peruvian time ().