Peru’s economy expanded by 3.3 percent year-on-year in the second quarter of 2022, easing from the 3.8 percent growth seen in the three months leading to March. It was the sixth consecutive quarter of growth in the Peruvian economy, supported by a 4.6 percent expansion in household consumption as the surge in employees working from home supported consumer activity. At the same time, fixed capital formation rose by 1.2 percent, amid a 3.7 percent gain in construction activity. On the other hand, government expenditure contracted by 2.8 percent, as lower spending in healthcare and defence more than offset higher expenditure for public education. source: Instituto Nacional de Estadística e Informática (INEI)
GDP Annual Growth Rate in Peru averaged 3.37 percent from 1980 until 2022, reaching an all time high of 41.90 percent in the second quarter of 2021 and a record low of -29.60 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 October of 2022.
GDP Annual Growth Rate in Peru is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru GDP Annual Growth Rate is projected to trend around 2.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.