This page has economic forecasts for Peru including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Peru economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.40 1.7 1.6 1.6 1.4 2.3 percent
Unemployment Rate 6.20 6.6 7 6.8 7.2 7.2 percent
Inflation Rate 1.84 2 2.1 2.2 2.2 2.4 percent
Interest Rate 2.75 2.75 2.75 2.75 2.75 4 percent
Balance of Trade 462.80 1200 950 1280 1180 1130 USD Million
Government Debt to GDP 25.50 27 29 29 29 31 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 3.37
3.32 3.33 3.34 3.35 3.4
Stock Market 18935.49
points
19382 19202 19024 18846 18154
Government Bond 10Y 5.43
percent
5.4 5.46 5.52 5.58 5.83
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 1.40
percent
1.7 1.6 1.6 1.4 2.3
GDP Annual Growth Rate 5.40
percent
4 4.2 4 3.8 3.8
GDP 211.39
USD Billion
215 220 220 220 225
GDP Constant Prices 136977.00
PEN Million
133560 132740 142456 136397 138990
Gross National Product 293760.41
PEN Million
305511 306098 305511 310869 330439
Gross Fixed Capital Formation 28975.19
PEN Million
37000 27613 30134 31696 41500
GDP per capita 6172.69
USD
6500 6600 6600 6600 6750
GDP per capita PPP 12236.71
USD
12388 14000 14000 14000 15000
GDP From Agriculture 9478.00
PEN Million
6024 6268 6400 6594 6085
GDP From Construction 7492.00
PEN Million
8050 7274 7792 8034 8150
GDP From Manufacturing 18808.00
PEN Million
17220 17095 19560 17395 18625
GDP From Mining 16694.00
PEN Million
18350 16582 17362 18250 18220
GDP From Public Administration 6351.00
PEN Million
7130 6490 6605 7084 7100
GDP From Services 13793.00
PEN Million
14700 13057 14345 14566 15300
GDP From Transport 7469.00
PEN Million
7419 7751 7768 7354 8025
GDP From Utilities 2451.00
PEN Million
2470 2521 2549 2470 2610
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.20
percent
6.6 7 6.8 7.2 7.2
Employed Persons 4915.60
Thousand
4900 4850 4810 4800 4950
Unemployed Persons 323.90
Thousand
325 335 325 330 345
Wages 1636.50
PEN/Month
1660 1740 1734 1739 1700
Minimum Wages 930.00
PEN/Month
850 900 953 961 900
Population 31.83
Million
32.07 32.54 32.54 32.54 33.17
Wages High Skilled 3830.00
PEN/Month
4250 4350 4350 4350 4500
Wages Low Skilled 1250.00
PEN/Month
1100 1280 1280 1280 1350
Living Wage Family 1710.00
PEN/Month
1650 1740 1740 1740 1780
Living Wage Individual 995.00
PEN/Month
995 950 950 950 1000
Employment Rate 63.00
percent
64.5 63.7 63.5 62.9 65
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 1.84
percent
2 2.1 2.2 2.2 2.4
Consumer Price Index CPI 129.74
Index Points
130 131 132 133 136
Core Consumer Prices 132.89
Index Points
132 132 133 135 134
Core Inflation Rate 2.48
percent
2.2 2.24 2.27 2.53 2.4
Producer Prices 108.49
Index Points
108 108 108 108 109
Export Prices 114.10
Index Points
113 113 113 113 113
Import Prices 125.10
Index Points
125 125 125 125 125
Inflation Rate Mom 0.08
percent
0.3 0.2 0.2 0.17 0.4
Food Inflation 0.81
percent
2.4 3.6 2.6 2.5 2.5
CPI Housing Utilities 132.26
Index Points
132 135 134 135 138
CPI Transportation 117.20
Index Points
117 116 118 119 122
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 2.75
percent
2.75 2.75 2.75 2.75 4
Interbank Rate 4.67
percent
4.67 4.67 4.67 4.67 5.92
Money Supply M0 47208.00
PEN Million
47114 47028 47034 47058 47051
Money Supply M1 88081.00
PEN Million
89692 91220 92783 94328 107792
Money Supply M2 193053.00
PEN Million
196104 199307 202507 205690 233504
Foreign Exchange Reserves 58533.00
USD Million
57851 57216 56688 56261 54744
Loans to Private Sector 183580.45
PEN Million
180500 182000 183000 193228 187000
Deposit Interest Rate 2.65
percent
2.65 2.65 2.65 2.65 3.9
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 462.80
USD Million
1200 950 1280 1180 1130
Exports 3828.20
USD Million
4600 4550 4630 4680 4800
Imports 3365.40
USD Million
3400 3600 3350 3500 3670
Current Account -750.00
USD Million
-600 -700 -550 -650 -560
Current Account to GDP -1.30
percent
-1.6 -1.3 -1.3 -1.3 -1.1
External Debt 75427.00
USD Million
76167 76500 74266 74459 74102
Terms of Trade 91.21
Index Points
90.35 90.31 90.31 90.29 90.29
Remittances 804.49
USD Million
880 781 829 832 960
Tourist Arrivals 4575753.00
4826500 4885825 4945150 5004475 5527500
Gold Reserves 34.70
Tonnes
34.7 34.7 34.7 34.7 34.7
Terrorism Index 2.54
2.5 2.3 2.3 2.3 2.4
Foreign Direct Investment 1392.90
USD Million
1881 1916 1801 1779 1813
Crude Oil Production 42.00
BBL/D/1K
43.76 43.82 43.81 43.81 43.81
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 25.50
percent
27 29 29 29 31
Government Budget -3.20
percent of GDP
-3.4 -3.6 -3.6 -3.6 -3.3
Government Budget Value -770.76
PEN Million
600 3000 1200 1100 1150
Government Spending 14101.41
PEN Million
22500 23000 14665 15040 24000
Government Revenues 9444.50
PEN Million
10600 10300 9600 9750 9850
Fiscal Expenditure 8151.40
PEN Million
10000 7300 8400 8650 8700
Military Expenditure 1945.90
USD Million
2000 1920 1920 1920 1850
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 55.10
Index Points
60 62 62 63 64
Industrial Production 1.73
percent
2.4 0.9 1.4 3.1 2.6
Changes in Inventories 1627.31
PEN Million
-1282 1181 1377 -282 -520
Leading Economic Index 2.25
percent
3.4 3.6 3.4 3.6 4.2
Internet Speed 6231.99
KBps
7544 7776 7967 8135 9627
IP Addresses 1032242.00
IP
1093496 1094160 1100554 1101956 1121103
Steel Production 100.00
Thousand Tonnes
101 101 101 101 101
Ease of Doing Business 68.00
60 63 63 63 64
Competitiveness Index 61.26
Points
61.76 61.76 61.76 61.76 64.26
Competitiveness Rank 63.00
63 63 63 63 63
Copper Production 207160.52
Tonnes
235000 200000 215000 220000 245000
Corruption Index 37.00
Points
37 37 37 37 37
Corruption Rank 96.00
96 96 96 96 96
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence 88.00
Index Points
91 93 93 95 98
Consumer Spending 87105.68
PEN Million
87800 86000 90590 88571 88000
Consumer Credit 68461.48
PEN Million
70173 71892 73601 75294 89749
Private Sector Credit 338915.00
PEN Million
345045 351021 356897 362682 410800
Bank Lending Rate 0.80
percent
0.8 0.8 0.8 0.8 2.05
Gasoline Prices 0.94
USD/Liter
0.9 0.85 0.81 0.75 0.64
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 29.50
percent
29.5 29.5 29.5 29.5 29.5
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 18.00
percent
18 18 18 18 18
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 151.34
mm
142 180 130 131 132
Temperature 20.78
celsius
20.31 20.68 20.23 20.23 20.42



Peru - Economic Forecasts - 2018-2020 Outlook