Peru's economy advanced 2.3 percent year-on-year in the third quarter of 2018, down from an upwardly revised 5.5 percent growth in the previous period. It was the weakest growth rate since in the first quarter of 2017, as oil & gas extraction shrank further (-2.7 percent vs -0.6 percent in Q2). Additionally, growth slowed in construction (0.7 percent vs 7.4 percent); agriculture (5.4 percent vs 10.7 percent); fishing (4.9 percent vs 29.2 percent); manufacturing (1.6 percent vs 10.8 percent); telecommunication services (4.4 percent vs 5.6 percent); transportation & storage (4.5 percent vs 6.4 percent); and finance & insurance (4.9 percent vs 7.2 percent). On the expenditure side, private (2.8 percent vs 5.2 percent) and government spending (0.3 percent vs 3.3 percent) rose less. Also, investment grew 0.5 percent, easing from a 6.7 percent expansion in the prior period. Meantime, exports edged up 0.9 percent (vs 5.6 percent in Q2) and imports inched up 0.7 percent (vs 7.5 percent). GDP Annual Growth Rate in Peru averaged 3.44 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.

GDP Annual Growth Rate in Peru is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Peru to stand at 4.00 in 12 months time. In the long-term, the Peru GDP Annual Growth Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Peru GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus 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 10:00 PM GDP Growth Rate YoY 2.3% 5.5% 4.4%
2019-02-19 04:00 PM GDP Growth Rate YoY 4.2%
2019-05-21 02:45 PM GDP Growth Rate YoY 4.4%
2019-08-22 10:25 PM GDP Growth Rate YoY 4.2%


Peru GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 1.40 3.30 -1.60 percent [+]
GDP Annual Growth Rate 2.30 5.50 21.05 -20.94 percent [+]
GDP 211.39 191.64 211.39 2.57 USD Billion [+]
GDP Constant Prices 131738.00 137204.00 137204.00 33934.51 PEN Million [+]
Gross National Product 293760.41 274470.15 293760.41 23859.00 PEN Million [+]
Gross Fixed Capital Formation 29341.00 28328.00 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 6505.00 9484.00 85565.00 4097.00 PEN Million [+]
GDP From Construction 7656.00 7500.00 8974.00 3533.00 PEN Million [+]
GDP From Manufacturing 16732.00 19146.00 19146.00 12009.00 PEN Million [+]
GDP From Mining 16778.00 16681.00 17438.00 10658.00 PEN Million [+]
GDP From Public Administration 6977.00 6326.00 7285.00 3225.00 PEN Million [+]
GDP From Services 14133.00 13860.00 14716.00 7351.00 PEN Million [+]
GDP From Transport 7368.00 7551.00 7551.00 3870.00 PEN Million [+]
GDP From Utilities 2416.00 2452.00 2452.00 1349.00 PEN Million [+]


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. 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 5.50 21.05 -20.94 1980 - 2018 percent Quarterly
2007=100




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