Peru's economy expanded 3.5% year-on-year in Q1 2026, accelerating from 3.2% in Q4. The pickup was mainly supported by stronger domestic demand (6.6% vs 4.8% in Q4). Private consumption rose 3.5% (vs 3.4%), driven by higher employment and increased labor income. Government spending accelerated sharply to 7.4% (vs 0.9%), supported by higher expenditures on personnel, social obligations, goods, and services, particularly in public administration and defense, education, and health. Private investment climbed 13.2% (vs 10.1%), linked to housing, non-residential construction, and civil engineering works. Meanwhile, net trade remained a drag on growth, as exports grew just 0.8% (vs 4.9%), while imports rose 11.4% (vs 10.7%). By sector, growth was driven mainly by construction (13.3%), accommodation and restaurants (5.9%), trade (4.9%), and services provided to businesses (3.7%). On a seasonally adjusted quarterly basis, the economy grew 1.0%. source: Instituto Nacional de Estadística e Informática (INEI)

The Gross Domestic Product (GDP) in Peru expanded 3.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Peru averaged 3.28 percent from 1980 until 2026, reaching an all time high of 41.90 percent in the second quarter of 2021 and a record low of -29.60 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 June of 2026.

The Gross Domestic Product (GDP) in Peru expanded 3.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Peru is expected to be 2.80 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 2.80 percent in 2027 and 3.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-23 06:30 PM
GDP Growth Rate YoY
Q4 3.2% 3.4% 2.8%
2026-05-26 12:40 AM
GDP Growth Rate YoY
Q1 3.5% 3.2% 3.0%
2026-08-21 01:00 AM
GDP Growth Rate YoY
Q2 3.5%


Related Last Previous Unit Reference
Full Year GDP Growth 3.44 3.30 percent Dec 2025
GDP Growth Rate YoY 3.50 3.20 percent Mar 2026
GDP from Agriculture 7935.12 9075.97 PEN Million Mar 2026
GDP from Construction 9086.88 12025.83 PEN Million Mar 2026
GDP from Manufacturing 16647.67 18885.13 PEN Million Mar 2026
GDP from Mining 17768.16 18988.59 PEN Million Mar 2026
GDP from Public Administration 8400.00 9743.00 PEN Million Mar 2026
GDP from Services 14719.00 17859.00 PEN Million Mar 2026
GDP from Transport 8177.00 8194.00 PEN Million Mar 2026
GDP from Utilities 2962.00 2921.00 PEN Million Mar 2026
GDP Growth Rate 1.00 0.60 percent Mar 2026


Peru GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.20 41.90 -29.60 1980 - 2026 percent Quarterly
2007=100

News Stream
Peru Economy Grows 3.5% in Q1
Peru's economy expanded 3.5% year-on-year in Q1 2026, accelerating from 3.2% in Q4. The pickup was mainly supported by stronger domestic demand (6.6% vs 4.8% in Q4). Private consumption rose 3.5% (vs 3.4%), driven by higher employment and increased labor income. Government spending accelerated sharply to 7.4% (vs 0.9%), supported by higher expenditures on personnel, social obligations, goods, and services, particularly in public administration and defense, education, and health. Private investment climbed 13.2% (vs 10.1%), linked to housing, non-residential construction, and civil engineering works. Meanwhile, net trade remained a drag on growth, as exports grew just 0.8% (vs 4.9%), while imports rose 11.4% (vs 10.7%). By sector, growth was driven mainly by construction (13.3%), accommodation and restaurants (5.9%), trade (4.9%), and services provided to businesses (3.7%). On a seasonally adjusted quarterly basis, the economy grew 1.0%.
2026-05-26
Peru Economy Grows for 8th Consecutive Quarter
Peru's economy expanded 3.2% year-on-year in Q4 2025, down from 3.8% in Q3 and marking the eighth consecutive yearly expansion, supported by strength in domestic demand (5.2%). Private consumption rose (3.1% vs 3.6% in Q3), driven by higher employment and increased labor income. Government spending slowed (1.5% vs 4.7%), fueled by higher expenditures on public administration and defense, as well as on public education and public health. Gross fixed investment increased faster (10.8% vs 10.7%), with public and private investment rising by 5.8% and 12.3%, respectively. Meanwhile, net trade contributed modestly to GDP, as exports rose 5.3% and imports increased 11.6%. By sector, output grew mainly in transformation (4.7%), services (3.4%), and extractive industries (0.0%). On a seasonally adjusted basis, the economy grew by 0.6%.
2026-02-23
Peru Economy Expands for 7th Straight Quarter
Peru's economy expanded 3.4% year-on-year in Q3 2025, up from a downwardly revised 2.6% in Q2 and marking the seventh consecutive yearly expansion, supported by strength in domestic demand (6.6%). Private consumption rose (3.2% vs 2.9% in Q2), driven by higher employment and increased labor income. Government spending also accelerated (4.7% vs 3.7%), fueled by higher expenditures on public administration and defense, as well as on public education and public health. Gross fixed investment increased faster (10.1% vs 7.8%), with public and private investment rising by 3.5% and 12.2%, respectively. Meanwhile, net trade contributed modestly to GDP, as exports rose 1.2% and imports increased 11.6%. By sector, output grew mainly in extractive industries (4.7%), services (3.1%), and manufacturing/transformation (2.3%). On a seasonally adjusted basis, the economy grew by 1.2%.
2025-11-21