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.

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 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 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 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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