Markets Actual Q1 Q2 Q3 Q4 2022
Currency 3.65 3.66 3.67 3.69 3.7 3.73
Stock Market (points) 22875.05 22500 22132 21768 21411 20697
Government Bond 10Y (%) 0.00 5.43 5.43 5.43 5.43 5.43

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 8.00 1.6 1.8 2.1 2.3 2.6
GDP Annual Growth Rate (%) -1.70 1.5 25 15 8.5 3.3
Unemployment Rate (%) 13.00 15.9 15.6 15.3 14.9 13
Inflation Rate (%) 2.68 2 2.1 2.3 2.4 2.5
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 1.5
Balance of Trade (USD Million) 1079.60 1130 850 850 1130 1130
Current Account (USD Million) 738.68 -1250 -1250 -1250 -120 -80
Current Account to GDP (%) -1.50 -2 -2.1 -2.1 -2.1 -1.9
Government Debt to GDP (%) 27.50 39 39 39 39 38
Government Budget (% of GDP) -2.70 -5.5 -5.5 -5.5 -5.5 -3.5
Business Confidence (points) 49.50 51 51.5 52 52.5 51.9
Corporate Tax Rate (%) 29.50 29.5 29.5 29.5 29.5 29.5
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 8.00 1.6 1.8 2.1 2.3 2.6
GDP Annual Growth Rate (%) -1.70 1.5 25 15 8.5 3.3
GDP (USD Billion) 226.85 219 219 219 219 232
GDP Constant Prices (PEN Million) 141187.61 124877 119771 143890 135757 140237
Gross Fixed Capital Formation (PEN Million) 38678.45 23842 14653 32762 30910 31930
GDP per capita (USD) 6486.63 6300 6300 6300 6300 6400
GDP per capita PPP (USD) 12847.89 12400 12400 12400 12400 12720
GDP From Agriculture (PEN Million) 6785.00 6711 12225 11247 10611 10961
GDP From Construction (PEN Million) 10810.00 6300 3290 3027 2856 2950
GDP From Manufacturing (PEN Million) 18745.00 14666 14660 13487 12725 13145
GDP From Mining (PEN Million) 16739.00 15262 13441 12366 11667 12052
GDP From Public Administration (PEN Million) 8247.00 6940 8639 7948 7498 7746
GDP From Services (PEN Million) 15088.00 12113 9676 8902 8399 8676
GDP From Transport (PEN Million) 6096.00 7414 4313 3968 3743 3867
GDP From Utilities (PEN Million) 2602.00 2556 2579 2372 2238 2312

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 13.00 15.9 15.6 15.3 14.9 13
Employed Persons (Thousand ) 4438.60 3850 4020 4250 4760 5000
Unemployed Persons (Thousand ) 663.90 655 645 630 620 600
Wages (PEN/Month) 1576.00 1700 1700 1700 1700 1700
Minimum Wages (PEN/Month) 930.00 930 930 930 970 970
Population (Million) 32.50 32.82 32.82 32.82 33.15 33.48
Employment Rate (%) 87.00 84.7 84.9 90.1 91.7 91.7

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 2.68 2 2.1 2.3 2.4 2.5
Consumer Price Index CPI (points) 136.32 136 137 138 139 142
Core Consumer Prices (points) 138.70 134 134 134 134 134
Core Inflation Rate (%) 1.74 2 2.2 2.2 2.2 2.4
Producer Prices (points) 111.62 109 109 109 109 109
Export Prices (points) 133.40 110 112 113 115 117
Import Prices (points) 119.95 116 118 120 121 122
Inflation Rate Mom (%) 0.74 0.2 0.3 0.3 0.4 0.3
Food Inflation (%) 3.65 1.9 2 2 2.2 2.2
CPI Housing Utilities (points) 140.36 135 135 138 141 144
CPI Transportation (points) 124.48 122 124 128 127 130

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 1.5
Interbank Rate (%) 0.70 88.7 88.7 88.7 88.95 88.95
Foreign Exchange Reserves (USD Million) 76517.00 76500 76500 76500 78000 78000
Loans to Private Sector (PEN Million) 243578.88 208413 288940 278555 264283 273004
Deposit Interest Rate (%) 4.78 4.78 4.78 4.78 5.03 5.03

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 1079.60 1130 850 850 1130 1130
Current Account (USD Million) 738.68 -1250 -1250 -1250 -120 -80
Current Account to GDP (%) -1.50 -2 -2.1 -2.1 -2.1 -1.9
Imports (USD Million) 3698.50 3800 3800 3800 3710 3710
Exports (USD Million) 4778.10 4650 4650 4650 4650 4750
External Debt (USD Million) 88382.00 83900 83900 83900 83900 83649
Remittances (USD Million) 806.56 940 940 940 940 940
Tourist Arrivals 4371787.00 2700000 2700000 2700000 2700000 3510000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 27.50 39 39 39 39 38
Government Budget (% of GDP) -2.70 -5.5 -5.5 -5.5 -5.5 -3.5
Government Budget Value (PEN Million) 891.00 1150 1150 1150 1150 1150
Government Spending (PEN Million) 23489.78 13410 16891 17635 16638 17187
Military Expenditure (USD Million) 2689.00 2670 2670 2670 2690 2690

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 29.50 29.5 29.5 29.5 29.5 29.5
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 18.00 18 18 18 18 18

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 49.50 51 51.5 52 52.5 51.9
Industrial Production (%) -3.24 -3 8.6 5.5 3.8 3.2
Leading Economic Index (%) 0.51 -1.9 12 5 3.2 3.7
Copper Production (Tonnes) 221979.62 205000 205000 221000 225000 225000

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (PEN Million) 86411.77 84592 88246 93121 87858 90757
Consumer Credit (PEN Million) 74768.71 82067 96209 85968 81124 83801
Bank Lending Rate (%) 0.64 0.63 0.63 0.63 0.88 0.88
Gasoline Prices (USD/Liter) 0.82 0.74 0.7 0.67 0.64 0.6


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.