Peru GDP Annual Growth Rate

Peru's economy advanced 5.4 percent year-on-year in the second quarter of 2018, quickening from a downwardly revised 3.1 percent in the previous period. It was the fastest growth since the last quarter of 2013 (6.3 percent), mainly boosted by gains in: internal trade (3.2% vs 2.7%); transportation and storage (6.5% vs 5.1%); telecommunications (5.5% vs 4.6%); finance and insurance (7.1% vs 4.7%); business services (3.5% vs 2.7%); manufacturing (10.8% vs 0.5%); construction (7.4% vs 4.6%); agriculture (10.2% vs 5.7%) and fishing (29.0% vs 6.0%). On the expenditure side, private consumption increased 5.0 percent (vs 3.0% in Q1), whereas government spending climbed at a slower pace of 3.3 percent (vs 7.0%). Meantime, gross fixed capital formation jumped 6.9 percent (vs 5.6%). Finally, exports surged by 7.8 percent (vs 6.3%), led by natural gas (49%) while imports grew at a softer 6.8 percent (vs 8.0%), driven by machinery for industrial use (30%). GDP Annual Growth Rate in Peru averaged 3.45 percent from 1980 until 2018, reaching an all time high of 21.05 percent in the fourth quarter of 1986 and a record low of -20.94 percent in the first quarter of 1989.

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Calendar	GMT		Actual	Previous	TEForecast
2018-02-19	04:00 PM	GDP Growth Rate YoY	2.2%	2.5%	2.6%
2018-05-21	02:45 PM	GDP Growth Rate YoY	3.2%	2.2%	3.4%
2018-08-22	10:25 PM	GDP Growth Rate YoY	5.4%	3.1%	4.8%
2018-11-21	04:30 PM	GDP Growth Rate YoY		5.4%	4.4%

Peru GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.40	2.40	3.00	-0.90	percent	[+]
GDP Annual Growth Rate	5.40	3.10	21.05	-20.94	percent	[+]
GDP	211.39	191.64	211.39	2.57	USD Billion	[+]
GDP Constant Prices	136977.00	127390.00	136977.00	33934.51	PEN Million	[+]
Gross National Product	293760.41	274470.15	293760.41	23859.00	PEN Million	[+]
Gross Fixed Capital Formation	28975.19	26500.04	36668.73	4495.97	PEN Million	[+]
GDP per capita	6172.69	6094.74	6172.69	2615.51	USD	[+]
GDP per capita PPP	12236.71	12082.17	12236.71	5184.97	USD	[+]
GDP From Agriculture	9478.00	6015.00	9478.00	4097.00	PEN Million	[+]
GDP From Construction	7492.00	6981.00	8974.00	3533.00	PEN Million	[+]
GDP From Manufacturing	18808.00	16406.00	18808.00	12009.00	PEN Million	[+]
GDP From Mining	16694.00	15914.00	17438.00	10658.00	PEN Million	[+]
GDP From Public Administration	6351.00	6228.00	7313.00	3225.00	PEN Million	[+]
GDP From Services	13793.00	12531.00	14660.00	7351.00	PEN Million	[+]
GDP From Transport	7469.00	7439.00	7469.00	3870.00	PEN Million	[+]
GDP From Utilities	2451.00	2419.00	2451.00	1349.00	PEN Million	[+]

Peru is one of the fastest growing economies in Latin America. The services sector is the most important and accounts for 60 percent of GDP. The biggest segments within services are: wholesale and retail trade (17 percent of total GDP); other services (11 percent); transport and communications (10 percent); services provided to companies (8 percent) and government services (6 percent). Manufacturing creates 16 percent of the wealth and construction and water, gas and electricity distribution 10 percent. The agriculture and fishing sector fuels 9 percent of the GDP and the mining sector accounts for the remaining 5 percent. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.40	3.10	21.05	-20.94	1980 - 2018	percent	Quarterly	2007=100

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly