Peru's gross domestic product expanded by 0.22% year-on-year in March, recovering from two consecutive months of contraction helped by the mining and hydrocarbon industry, which expanded 9.28% this year as the country's mines resumed operations and increased their output after stoppages caused by blockades. source: Instituto Nacional de Estadística e Informática (INEI)

Monthly GDP YoY in Peru averaged 3.93 percent from 2008 until 2023, 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 includes a chart with historical data for Peru Monthly GDP YoY. Peru Monthly GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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Peru Monthly GDP YoY

Calendar GMT Actual Previous Consensus TEForecast
2023-04-15 04:00 PM Feb -0.63% 1.12% -0.9% 0.1%
2023-05-15 03:15 PM Mar 0.22% -0.63% -0.3%
2023-06-15 03:00 PM Apr 0.22% 0.5%

Peru Monthly GDP YoY
In Peru, Monthly GDP YoY measures the change in the value of the goods and services produced by the country economy compared to the corresponding month in the previous year.
Actual Previous Highest Lowest Dates Unit Frequency
0.22 -0.63 58.49 -39.19 2008 - 2023 percent Monthly
Constant prices, NSA

News Stream
Peru Economic Activity Shrinks for 2nd Month, Less than Forecast
Peru's economic activity decreased by 0.63% year-on-year in February 2023, compared with market forecasts of a 0.90% fall. It was the second successive contraction, in the wake of violent nationwide anti-government protests that began in December following the ouster and arrest of former President Pedro Castillo. Several sectors recorded declines, mostly construction (-10.15%), telecommunications (-9.15%), as well as finance and insurance (-7.95%). Meanwhile, other activities such as utilities (+4.09%), hotels & restaurants (+4.07%), commerce (+2.37%) and transportation & storage (+2.30%) registered growth.
Peru Economy Contracts for First Time in Almost Two Years
Peru's gross domestic product contracted by 1.12 percent year-on-year in January of 2023, accelerating from a 0.88 percent gain in the previous month. It was the first contraction in economic activity after 22 months of uninterrupted growth amid social conflicts. Among sectors, mining & hydrocarbons (-3.61 percent), construction (-11.7 percent), transport, storage & messaging (-2.94 percent), financial (-5.95 percent), and telecommunications (-9.26 percent) were the main drag on the economy.
Peru Monthly Economic Performance Disappoints
Peru's economy advanced by 0.86% year-on-year in December 2022, slowing from a 1.86% rise in November and defying market forecasts of a 1.25% expansion. It was the weakest growth rate since a 4.18% contraction was recorded in February 2021, amid ongoing social tensions that began in early December. Most economic sectors saw recorded growth; with the exception of agriculture (-0.96%), fishing (-2.81%), manufacturing (-4.65%), telecommunications (-7.95%) and finance (-8.37%). Considering the full year of 2022, the country's economic activity increased by 2.68%, down sharply from the 13.61% jump in 2021.