The Gross Domestic Product (GDP) in Peru contracted 0.10 percent in the third quarter of 2023 over the previous quarter. GDP Growth Rate in Peru averaged 1.13 percent from 2002 until 2023, reaching an all time high of 30.00 percent in the third quarter of 2020 and a record low of -25.90 percent in the second quarter of 2020. source: Instituto Nacional de Estadística e Informática (INEI)

GDP Growth Rate in Peru is expected to be -0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Peru GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate -0.10 -0.10 percent Sep 2023
GDP Annual Growth Rate -0.40 -1.00 percent Dec 2023
Full Year GDP Growth -0.55 2.68 percent Dec 2023
GDP from Utilities 2797.00 2819.00 PEN Million Sep 2023
GDP from Transport 7502.00 7372.00 PEN Million Sep 2023
GDP from Services 15668.00 15423.00 PEN Million Sep 2023
GDP from Public Administration 8117.00 7575.00 PEN Million Sep 2023
GDP from Mining 16818.00 17224.00 PEN Million Sep 2023
GDP from Manufacturing 16224.00 17210.00 PEN Million Sep 2023
GDP from Construction 8547.00 8676.00 PEN Million Sep 2023
GDP from Agriculture 7180.00 9892.00 PEN Million Sep 2023

Peru GDP Growth Rate
Peru is one of the fastest growing economies in Latin America. From 2002 to 2012, the country has been growing at an average rate of 1.5 percent on a quarter over quarter basis due to a rise in exports of commodities. As a result, the national poverty rate fell from 48.5 percent in 2004 to 27.8 percent in 2011, yet inequality remains high. In order to keep the current pace of growth, Peru needs to diversify the economy, improve the infrastructure and provide more funds for the development of non-coastal areas. Peru is the world's third-largest producer of copper, zinc and silver.
Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.10 30.00 -25.90 2002 - 2023 percent Quarterly