Peru's economy grew 47.8 percent year-on-year in May 2021, following a record 58.49 percent expansion in the previous month, reflecting a low base year and the ongoing economic recovery from the pandemic hit. Almost all sectors posted positive growth, led by trade, manufacturing, mining, construction, and transportation and storage. In May 2020, the economy contracted by 32.59 percent, when its productive industry was shut and consumers were under strict restrictions due to the first wave of COVID-19. source: Instituto Nacional de Estadística e Informática (INEI)
Leading Economic Index in Peru averaged 4.04 percent from 2008 until 2021, reaching an all time high of 58.49 percent in April of 2021 and a record low of -39.19 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 August of 2021.
Leading Economic Index in Peru is expected to be 5.00 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 3.30 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 3.70 percent in 2022, according to our econometric models.