Peru's economy advanced 3.0 percent year-on-year in the third quarter of 2019, following a 1.2 percent expansion in the previous period. Output rose further in hotels & restaurants (5.1 percent vs 4.6 percent in Q2); financial services (4.7 percent vs 3.4 percent); business services (3.6 percent vs 3.3 percent); other services (3.6 percent vs 3.5 percent); trade (3.3 percent vs 2.8 percent) and transportation & storage (2.1 percent vs 1.9 percent). Also, output rebounded in fishing (23.7 percent vs -30.2 percent); manufacturing (3.1 percent vs -6.7 percent) and oil extraction (0.3 percent vs -2.3 percent). On the expenditure side, public spending jumped 7.5 percent (vs 3.8 percent in Q2), boosted by roads, education and the Panamerican Games; and private consumption rose 2.9 percent (vs 2.5 percent in Q2). Additionally, fixed investment increased 5.2 percent, recovering from a 0.8 percent contraction. On a quarterly basis, the GDP expanded 0.6 percent.

GDP Annual Growth Rate in Peru averaged 3.43 percent from 1980 until 2019, reaching an all time high of 21.05 percent in the fourth quarter of 1986 and a record low of -20.94 percent in the first quarter of 1989. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Peru is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Peru to stand at 3.70 in 12 months time. In the long-term, the Peru GDP Annual Growth Rate is projected to trend around 3.40 percent in 2021 and 3.70 percent in 2022, according to our econometric models.


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Peru GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.00 1.20 21.05 -20.94 1980 - 2019 percent Quarterly
2007=100


Calendar GMT Actual Previous Consensus TEForecast
2019-02-21 04:00 PM Q4 4.8% 2.4% 3.9%
2019-05-27 02:30 PM Q1 2.3% 4.8% 2.4%
2019-08-22 10:00 PM Q2 1.2% 2.4% 1.5%
2019-11-21 11:50 PM Q3 3.0% 1.2% 3%
2020-02-21 04:00 PM Q4 3% 1.8%
2020-05-27 02:30 PM Q1 3.7%
2020-08-21 10:00 PM Q2 3.9%
2020-11-20 11:50 PM Q3 4%


News Stream
Peru Economy Expands 3% in Q3
Peru's economy advanced 3.0 percent year-on-year in the third quarter of 2019, following a 1.2 percent expansion in the previous period. Output rose further in hotels & restaurants (5.1 percent vs 4.6 percent in Q2); financial services (4.7 percent vs 3.4 percent); business services (3.6 percent vs 3.3 percent); other services (3.6 percent vs 3.5 percent); trade (3.3 percent vs 2.8 percent) and transportation & storage (2.1 percent vs 1.9 percent). Also, output rebounded in fishing (23.7 percent vs -30.2 percent); manufacturing (3.1 percent vs -6.7 percent) and oil extraction (0.3 percent vs -2.3 percent). On the expenditure side, public spending jumped 7.5 percent (vs 3.8 percent in Q2), boosted by roads, education and the Panamerican Games; and private consumption rose 2.9 percent (vs 2.5 percent in Q2). Additionally, fixed investment increased 5.2 percent, recovering from a 0.8 percent contraction. On a quarterly basis, the GDP expanded 0.6 percent.
2019-11-22
Peru GDP Growth Slows to Near 10-Year Low
Peru's economy grew 1.2 percent year-on-year in the second quarter of 2019, following an upwardly revised 2.4 percent advance in the previous three-month period. That was the weakest rate of expansion since the third quarter of 2009 as household consumption rose at a softer pace (2.5 percent vs 3.2 percent) and net external demand contributed negatively to the GDP growth, with exports slumping 2.9 percent (vs 0.8 percent in Q1) and imports increasing 0.6 percent (vs 0.5 percent in Q1). Meanwhile, fixed capital investment jumped 5.8 percent (vs 1.5 percent in Q1) and government spending advanced 3.8 percent (vs 1.9 percent in Q1).
2019-08-22
Peru Q1 GDP Growth Weakest in 2 Years
Peru's economy advanced 2.3 percent year-on-year in the first quarter of 2019, easing from a 4.8 percent expansion in the previous period. It was the weakest growth rate since the first quarter of 2017, as output shrank in manufacturing (-0.9 percent vs 11.4 percent in Q4) and fishing (-20.3 percent vs 150.7 percent). Also, growth slowed in construction (1.8 percent vs 7.9 percent); utilities (5.9 percent vs 6.3 percent); trade (2.4 percent vs 2.5 percent); transport & storage (2.4 percent vs 3.7 percent); hotels & restaurants (3.6 percent vs 4.3 percent); financial services (4.8 percent vs 4.9 percent) and public administration (4.7 percent vs 4.9 percent). On the expenditure side, private consumption (3.2 percent vs 3.8 percent); government spending (2 percent vs 3.3 percent) and investment (1.4 percent vs 5.3 percent) eased. Additionally, net trade contributed negatively to the GDP, as exports fell 0.7 percent (vs 2.2 percent) and imports rose 1.2 percent (vs 0.9 percent).
2019-05-27
Peru Economy Expands 4.8% YoY in Q4
Peru's economy advanced 4.8 percent year-on-year in the last quarter of 2018, following an upwardly revised 2.4 percent expansion in the previous period. Output rose further for fishing (150.7 percent vs 3.4 percent in Q3); manufacturing (11.4 percent vs 1.7 percent); construction (7.9 percent vs 1.1 percent); utilities (6.3 percent vs 3.9 percent); telecommunication services (6.2 percent vs 5.5 percent); public administration (4 percent vs 3.8 percent); and trade (2.5 percent vs 2.2 percent). On the expenditure side, private consumption (3.8 percent vs 2.9 percent); government spending (3.3 percent vs 0.3 percent) and investment (5.3 percent vs 0.6 percent) increased at a faster pace. Also, exports went up 2.2 percent (vs 2.1 percent) and imports increased 0.9 percent (vs 1.1 percent). Considering full 2018, the GDP expanded 4 percent compared to a 2.5 percent growth in 2017.
2019-02-21

Peru GDP Annual Growth Rate
Peru is one of the fastest growing economies in Latin America. The services sector is the most important and accounts for 60 percent of GDP. The biggest segments within services are: wholesale and retail trade (17 percent of total GDP); other services (11 percent); transport and communications (10 percent); services provided to companies (8 percent) and government services (6 percent). Manufacturing creates 16 percent of the wealth and construction and water, gas and electricity distribution 10 percent. The agriculture and fishing sector fuels 9 percent of the GDP and the mining sector accounts for the remaining 5 percent.