Markets Actual Q2 Q3 Q4 Q1 2022
Currency 3.89 3.9 3.92 3.93 3.95 3.98
Stock Market (points) 19809.58 19659 19338 19020 18708 18084
Government Bond 10Y (%) 0.00 5.43 5.43 5.43 5.43 5.43

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.00 1.8 2.1 2.3 2.3 2.6
GDP Annual Growth Rate (%) 3.80 28 8 6 2.7 5.4
Unemployment Rate (%) 15.10 15.6 15.3 14.9 14.4 13
Inflation Rate (%) 2.45 2.6 2.8 2.4 2.3 2.2
Interest Rate (%) 0.25 0.25 0.25 0.5 0.5 1.5
Balance of Trade (USD Million) 423.90 1130 850 1130 1130 1130
Current Account (USD Million) -1816.15 -1250 -1250 -120 -120 -80
Current Account to GDP (% of GDP) 0.70 -2.1 -2.1 -2.1 -2.1 -1.9
Government Debt to GDP (% of GDP) 35.40 39 39 39 39 38
Government Budget (% of GDP) -8.90 -5.5 -5.5 -5.5 -5.5 -3.5
Business Confidence (points) 51.20 51.5 52 52.5 48 51.3
Corporate Tax Rate (%) 29.50 29.5 29.5 29.5 29.5 29.5
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.00 1.8 2.1 2.3 2.3 2.6
GDP Annual Growth Rate (%) 3.80 28 8 6 2.7 5.4
GDP (USD Billion) 226.85 219 219 219 219 232
GDP Constant Prices (PEN Million) 127705.52 123086 135877 149659 145000 157740
Gross Fixed Capital Formation (PEN Million) 32474.72 15894 30667 40999 39723 43213
GDP per capita (USD) 6486.63 6300 6300 6300 6300 6400
GDP per capita PPP (USD) 12847.89 12400 12400 12400 12400 12720
GDP From Agriculture (PEN Million) 6616.00 12652 7122 7192 6968 7580
GDP From Construction (PEN Million) 8920.00 3672 8224 11459 11102 12077
GDP From Manufacturing (PEN Million) 16761.00 14674 17351 19870 19251 20943
GDP From Mining (PEN Million) 14909.00 13731 16365 17743 17191 18701
GDP From Public Administration (PEN Million) 7054.00 8705 8096 8742 8470 9214
GDP From Services (PEN Million) 11826.00 9708 14394 15993 15495 16857
GDP From Transport (PEN Million) 6300.00 4705 5897 6462 6261 6811
GDP From Utilities (PEN Million) 2606.00 2657 2646 2758 2672 2907

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 15.10 15.6 15.3 14.9 14.4 13
Employed Persons (Thousand ) 4109.50 4020 4250 4760 4760 5000
Unemployed Persons (Thousand ) 731.60 645 630 620 620 600
Wages (PEN/Month) 1557.20 1700 1700 1700 1700 1700
Minimum Wages (PEN/Month) 930.00 930 930 970 970 970
Population (Million) 32.63 32.82 32.82 33.15 33.15 33.48
Employment Rate (%) 84.70 84.9 90.1 91.7 91.7 91.7

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.45 2.6 2.8 2.4 2.3 2.2
Consumer Price Index CPI (points) 137.52 137 138 139 140 142
Core Consumer Prices (points) 139.90 134 134 134 134 134
Core Inflation Rate (%) 1.82 2.2 2.2 2.2 2.2 2.4
Producer Prices (points) 115.86 109 109 109 109 109
Export Prices (points) 143.27 112 113 115 115 117
Import Prices (points) 131.77 118 120 121 121 122
Inflation Rate Mom (%) 0.27 0.3 0.3 0.4 0.4 0.3
Food Inflation (%) 2.06 2 2 2.2 1.8 2.2
CPI Housing Utilities (points) 141.74 136 138 141 145 144
CPI Transportation (points) 127.88 124 128 127 129 130

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.25 0.25 0.25 0.5 0.5 1.5
Interbank Rate (%) 0.86 0.68 0.68 0.93 0.93 1.68
Foreign Exchange Reserves (USD Million) 73120.00 76500 76500 78000 78000 78000
Loans to Private Sector (PEN Million) 240810.60 295874 261599 258194 247650 272136
Deposit Interest Rate (%) 1.86 1.86 1.86 2.11 2.11 2.86

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 423.90 1130 850 1130 1130 1130
Current Account (USD Million) -1816.15 -1250 -1250 -120 -120 -80
Current Account to GDP (% of GDP) 0.70 -2.1 -2.1 -2.1 -2.1 -1.9
Imports (USD Million) 3975.10 3800 3800 3710 3710 3710
Exports (USD Million) 4399.00 4650 4650 4650 4650 4750
External Debt (USD Million) 93271.00 83900 83900 83900 83900 83649
Remittances (USD Million) 750.79 940 940 940 940 940
Tourist Arrivals 896523.00 2700000 2700000 2700000 2700000 3510000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 35.40 39 39 39 39 38
Government Budget (% of GDP) -8.90 -5.5 -5.5 -5.5 -5.5 -3.5
Government Budget Value (PEN Million) -508.03 1150 1150 1150 1150 1150
Government Spending (PEN Million) 14530.82 16415 16687 24899 24124 26244
Military Expenditure (USD Million) 2720.00 2670 2670 2690 2690 2690

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 29.50 29.5 29.5 29.5 29.5 29.5
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 18.00 18 18 18 18 18

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 51.20 51.5 52 52.5 48 51.3
Industrial Production (%) 50.22 8.6 5.5 3.8 3.8 3.2
Leading Economic Index (%) 18.21 12 5 3.2 3.2 3.7
Copper Production (Tonnes) 182755.58 205000 221000 225000 225000 225000

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (PEN Million) 85173.31 90344 88140 91596 88745 96543
Consumer Credit (PEN Million) 72330.05 98518 80735 79255 75873 83535
Bank Lending Rate (%) 0.64 0.66 0.66 0.91 0.91 1.66
Gasoline Prices (USD/Liter) 0.90 0.74 0.7 0.76 0.64 0.6


This page has economic forecasts for Peru including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Peru economy.