The economy of Peru shrank by 11.71 percent year-on-year in July 2020, following an 18.06 percent decline in the previous month and below market expectations of a 12.2 percent decrease. It was the fifth consecutive contraction in economic activity amid the coronavirus crisis. Output continued to shrink for trade (-11.53 % vs -27.98% in June); manufacturing (-10.39% vs -6.83%); construction (-12.78% vs -44.64%); mining (-6.22% vs -14.44%); transport & storage (-31.41% vs -44.23%); restaurants & lodging (-71.82% vs -84.35%); business services (-25.45% vs -35.77%); other services (-13.11% vs -18.35%); and agriculture & livestock shrank (-6.52% vs -1.61 percent). Meanwhile, growth was seen in fisheries (33.34% vs 48.05%); telecommunications (4.6% vs 4.43%); finance & insurance (15.96% vs 15.51%); and public administration (3.82% vs 3.71%).

Leading Economic Index in Peru averaged 3.66 percent from 2008 until 2020, reaching an all time high of 14.08 percent in April of 2008 and a record low of -39.30 percent in April of 2020. This page provides the latest reported value for - Peru GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Peru GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Instituto Nacional de Estadística e Informática (INEI)

Leading Economic Index in Peru is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Peru to stand at 12.00 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 3.20 percent in 2021 and 3.70 percent in 2022, according to our econometric models.

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Peru GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-11.71 -18.06 14.08 -39.30 2008 - 2020 percent Monthly
Constant prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 04:00 PM Apr -40.49% -16.26% -34% -30%
2020-07-15 03:30 PM May -32.75% -40.49% -30.25% -30%
2020-08-16 06:00 AM Jun -18.06% -32.72% -23%
2020-09-15 03:00 PM Jul -11.71% -18.06% -12.2% -10%
2020-10-15 06:00 AM Aug -11.71% -5%
2020-11-16 02:00 PM Sep -3%
2020-12-14 03:15 PM Oct


News Stream
Peru Economic Activity Shrinks for 5th Month
The economy of Peru shrank by 11.71 percent year-on-year in July 2020, following an 18.06 percent decline in the previous month and below market expectations of a 12.2 percent decrease. It was the fifth consecutive contraction in economic activity amid the coronavirus crisis. Output continued to shrink for trade (-11.53 % vs -27.98% in June); manufacturing (-10.39% vs -6.83%); construction (-12.78% vs -44.64%); mining (-6.22% vs -14.44%); transport & storage (-31.41% vs -44.23%); restaurants & lodging (-71.82% vs -84.35%); business services (-25.45% vs -35.77%); other services (-13.11% vs -18.35%); and agriculture & livestock shrank (-6.52% vs -1.61 percent). Meanwhile, growth was seen in fisheries (33.34% vs 48.05%); telecommunications (4.6% vs 4.43%); finance & insurance (15.96% vs 15.51%); and public administration (3.82% vs 3.71%).
2020-09-15
Peru Economic Activity Shrinks the Least in 3 Months
The economy of Peru contracted 18.06 percent year-on-year in June 2020, following a marginally revised 32.72 percent contraction in the previous month. It was the fourth contraction in economic activity but the smallest fall since March, amid the coronavirus crisis. Output shrank less for trade (-27.98% vs -49.76% in May); manufacturing (-6.83% vs -41.51%); construction (-44.64% vs -66.43%); mining (-14.44% vs -45.79%); transport & storage (-44.23% vs -56.40%); restaurants & lodging (-84.35% vs -90.58%); business services (-35.77% vs -40.84%); utilities (-10.57% vs -21.68%). In addition, output rebounded sharply for both fisheries (48.05% vs -46.99%) and telecommunications (4.43% vs -0.31%), while finance & insurance production expanded more (15.51% vs 7.98%). Conversely, output of agriculture & livestock shrank (-1.61 percent vs 1.55 percent.
2020-08-16
Peru Economic Activity Shrinks at Second Fastest Pace on Record
The economy of Peru shrank 32.75 percent year-on-year in May 2020, following a record 40.49 percent contraction in the previous month and compared with market forecasts of a 30.25 percent slump. It was the second sharpest contraction in economic activity on record, amid the coronavirus crisis. Output continued to shrink in trade (-49.76 percent vs -65.41 percent in April); manufacturing (-41.51 percent vs -54.91 percent); construction (-66.43 percent vs -89.72 percent); mining (-45.79 percent vs -42.29 percent); transport & storage (-56.4 percent vs -69.11 percent); restaurants & lodging (-90.58 percent vs -94.55 percent); business services (-40.84 percent vs -61.75 percent); utilities (-21.68 percent vs -25.58 percent); fisheries (-46.99 percent vs -57.82 percent) and telecommunications (-0.31 percent vs -1.62 percent). Meanwhile, growth was recorded in agriculture & livestock (1.55 percent vs 0.57 percent); and finance & insurance (7.98 percent vs 4.60 percent).
2020-07-15
Peru Economic Activity Shrinks at Record Pace
The economy of Peru shrank 40.49 percent year-on-year in April 2020, following a 16.26 percent decline in the previous month. It was the sharpest contraction in economic activity on record, amid business closures and lockdowns due to the coronavirus pandemic. Output shrank further in trade (-65.41 percent vs -22.35 percent in March); manufacturing (-54.91 percent vs -32.23 percent); construction (-89.72 percent vs -46.28 percent); mining (-42.29 percent vs -21.82 percent); transport & storage (-69.11 percent vs -24.4 percent); restaurants & lodging (-94.55 percent vs -42.35 percent); business services (-61.75 percent vs -10.21 percent); utilities (-25.58 percent vs -11.89 percent); and fisheries (-57.82 percent vs -21.43 percent). Also, output contracted in telecommunications (-1.62 percent vs 3.44 percent) while growth slowed in agriculture & livestock (0.57 percent vs 0.68 percent). In contrast, output rose at a faster pace in finance & insurance (4.60 percent vs 3.95 percent).
2020-06-15

Peru GDP YoY
In Peru, Leading Economic Index refers to a year on year GDP growth change.