The economy of Peru contracted 4.18 percent year-on-year in February of 2021, following a 0.98 percent decline in the previous month. It was the steepest downturn in economic activity since last September, amid a deterioration in the country's pandemic situation. Main decreases were seen in transport & storage (-25.07 percent); hotels & restaurants (-56.15 percent); business services (-12.02 percent); internal trade (-5.68 percent); mining (-5.34 percent); manufacturing (-1.27 percent) and utilities (-4.60 percent). In the first two months of the year, economic activity shrank 2.57 percent over a year earlier. source: Instituto Nacional de Estadística e Informática (INEI)
Leading Economic Index in Peru averaged 3.33 percent from 2008 until 2021, reaching an all time high of 14.08 percent in April of 2008 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 May of 2021.
Leading Economic Index in Peru is expected to be 12.00 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 3.20 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.