The Gross Domestic Product (GDP) in Peru contracted 5 percent in the first quarter of 2020 over the previous quarter.

GDP Growth Rate in Peru averaged 1.14 percent from 2002 until 2020, reaching an all time high of 3.20 percent in the second quarter of 2008 and a record low of -5 percent in the first quarter of 2020. This page provides the latest reported value for - Peru GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Peru GDP Growth Rate - values, historical data and charts - was last updated on August of 2020.

GDP Growth Rate in Peru is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Peru to stand at 1.80 in 12 months time. In the long-term, the Peru GDP Growth Rate is projected to trend around 2.30 percent in 2021 and 2.60 percent in 2022, according to our econometric models.

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Peru GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-5.00 0.10 3.20 -5.00 2002 - 2020 percent Quarterly
2007=100

Peru GDP Last Previous Highest Lowest Unit
GDP Growth Rate -5.00 0.10 3.20 -5.00 percent [+]
GDP Annual Growth Rate -3.40 1.80 21.05 -20.94 percent [+]
GDP 226.85 222.04 226.85 2.57 USD Billion [+]
GDP Constant Prices 123111.36 143698.53 143698.53 33934.51 PEN Million [+]
Gross Fixed Capital Formation 23520.41 35412.03 36668.73 4495.97 PEN Million [+]
GDP per capita 6486.63 6453.56 6486.63 2589.34 USD [+]
GDP per capita PPP 12847.89 12782.38 12847.89 5128.64 USD [+]
GDP From Agriculture 6567.00 6777.00 9681.00 4097.00 PEN Million [+]
GDP From Construction 6194.00 9027.00 9467.00 3533.00 PEN Million [+]
GDP From Manufacturing 14454.00 18460.00 19138.00 12009.00 PEN Million [+]
GDP From Mining 15036.00 17484.00 17484.00 10658.00 PEN Million [+]
GDP From Public Administration 6837.00 8037.00 8037.00 3225.00 PEN Million [+]
GDP From Services 12057.00 15557.00 15557.00 7351.00 PEN Million [+]
GDP From Transport 7284.00 7715.00 7722.00 3870.00 PEN Million [+]
GDP From Utilities 2518.00 2598.00 2598.00 1349.00 PEN Million [+]


Peru GDP Growth Rate
Peru is one of the fastest growing economies in Latin America. From 2002 to 2012, the country has been growing at an average rate of 1.5 percent on a quarter over quarter basis due to a rise in exports of commodities. As a result, the national poverty rate fell from 48.5 percent in 2004 to 27.8 percent in 2011, yet inequality remains high. In order to keep the current pace of growth, Peru needs to diversify the economy, improve the infrastructure and provide more funds for the development of non-coastal areas. Peru is the world's third-largest producer of copper, zinc and silver.