Peru's economy advanced 41.9 % year-on-year in the second quarter of 2021, strongly picking up from an upwardly revised 4.5% expansion in the previous period. It was the strongest growth in the GDP since the series began in 1980, amid gradual softening restrictions and a low base effect from last year. Main contributor to the GDP came from significant fast-paced increases in manufacturing (61.0 percent vs 17.1 percent in Q1), construction (231.9 percent vs 42.0 percent) and oil, gas and minerals extraction (25.2 percent vs 2.7 percent). In addition, output rebounded sharply in transport & storage (83.8 percent vs -14.2 percent), accommodation & food services (423.0 percent vs -32.7 percent) and business services (62.6 percent vs -5.5 percent). On a seasonally adjusted quarterly basis, the GDP stalled, after an upwardly revised 0.6 percent growth in the previous period. source: Instituto Nacional de Estadística e Informática (INEI)
GDP Annual Growth Rate in Peru averaged 3.31 percent from 1980 until 2021, reaching an all time high of 41.90 percent in the second quarter of 2021 and a record low of -29.80 percent in the second quarter of 2020. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Annual Growth Rate in Peru is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru GDP Annual Growth Rate is projected to trend around 5.40 percent in 2022 and 4.20 percent in 2023, according to our econometric models.