Peru's economy expanded 3.8% year-on-year in the first quarter of 2021, following a 1.7% decline in the previous period. It was the first expansion in a year boosted by public measures to help companies and households but a new surge in COVID-19 cases during the spring is threatening a smooth and robust recovery. Main upward pressure came from significant fast-paced increases in manufacturing (16.1 percent vs 1.0 percent in Q4) and construction (41.9 percent vs 19.0 percent). In addition, output fell less in oil, gas and minerals extraction (-0.1 percent vs -3.8 percent), transport & storage (-14.6 percent vs -21.5 percent), accommodation & food services (-30.6 percent vs -37.8 percent) and business services (-5.2 percent vs -11.6 percent). On a seasonally adjusted quarterly basis, the GDP stalled, following a downwardly revised 7.5 percent rise in the previous period. source: Instituto Nacional de Estadística e Informática (INEI)
GDP Annual Growth Rate in Peru averaged 3.07 percent from 1980 until 2021, reaching an all time high of 21.05 percent in the fourth quarter of 1986 and a record low of -30 percent in the second quarter of 2020. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
GDP Annual Growth Rate in Peru is expected to be 28.00 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 2.70 in 12 months time. In the long-term, the Peru GDP Annual Growth Rate is projected to trend around 5.40 percent in 2022 and 4.20 percent in 2023, according to our econometric models.