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.

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Peru GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
47.80 58.49 58.49 -39.19 2008 - 2021 percent Monthly
Constant prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 03:00 PM Feb -4.18% -0.98% 0.2%
2021-05-15 07:00 PM Mar 18.21% -4.18% -5.4%
2021-06-15 03:20 PM Apr 58.49% 18.21%
2021-07-15 03:30 PM May 47.8% 58.49% 50%
2021-08-16 06:00 AM Jun 47.8% 25%
2021-09-15 03:00 PM Jul
2021-10-15 03:15 PM Aug
2021-11-16 01:20 PM Sep


News Stream
Peru Economy Grows 47.8% in May
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.
2021-07-15
Peru Economic Activity Expands at Record Pace
Peru's economy advanced 58.49 percent year-on-year in April of 2021, following an 18.21 percent expansion in the previous month. It was the fastest-growing pace ever recorded since the beginning of the series, supported by the positive results of all the sectors of the economy, except for agriculture, which showed a decrease.
2021-06-15
Peru Economic Activity Expands at Record Pace
The economy of Peru expanded 18.2 percent year-on-year in March of 2021, following a 4.2 percent contraction in the previous month. It was the fastest growing pace ever recorded since the beginning of the series, driven by low baseline effects from last year’s pandemic outbreak, but also because productive industry was not suspended despite the country being currently engulfed in a worse second wave of the pandemic. Main increases in output were recorded in manufacturing (50.3 percent), construction (133.1 percent), mining (15.4 percent) and internal trade (6.8 percent). In the first quarter of the year, economic activity was 3.8 percent above the level recorded a year earlier.
2021-05-17
Peru Economic Activity Shrinks the Most in 5 Months
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.
2021-04-15

Peru GDP YoY
In Peru, Leading Economic Index refers to a year on year GDP growth change.