Peru's economy grew 1.2 percent year-on-year in the second quarter of 2019, following an upwardly revised 2.4 percent advance in the previous three-month period. That was the weakest rate of expansion since the third quarter of 2009 as household consumption rose at a softer pace (2.5 percent vs 3.2 percent) and net external demand contributed negatively to the GDP growth, with exports slumping 2.9 percent (vs 0.8 percent in Q1) and imports increasing 0.6 percent (vs 0.5 percent in Q1). Meanwhile, fixed capital investment jumped 5.8 percent (vs 1.5 percent in Q1) and government spending advanced 3.8 percent (vs 1.9 percent in Q1). GDP Annual Growth Rate in Peru averaged 3.43 percent from 1980 until 2019, 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 3.00 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 3.90 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
2018-11-21 10:00 PM GDP Growth Rate YoY Q3 2.3% 5.5% 4.4%
2019-02-21 04:00 PM GDP Growth Rate YoY Q4 4.8% 2.4% 3.9%
2019-05-27 02:30 PM GDP Growth Rate YoY Q1 2.3% 4.8% 2.4%
2019-08-22 10:00 PM GDP Growth Rate YoY Q2 1.2% 2.4% 1.5%
2019-11-21 10:00 PM GDP Growth Rate YoY Q3 1.2% 3%


Peru GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 -1.20 3.90 -1.20 percent [+]
GDP Annual Growth Rate 1.20 2.40 21.05 -20.94 percent [+]
GDP 222.24 210.70 222.24 2.57 USD Billion [+]
GDP Constant Prices 137267.30 127388.50 141204.83 33934.51 PEN Million [+]
Gross Fixed Capital Formation 30684.11 26931.80 36668.73 4495.97 PEN Million [+]
GDP per capita 6453.92 6314.67 6453.92 2589.34 USD [+]
GDP per capita PPP 12794.21 12518.16 12794.21 5133.10 USD [+]
GDP From Agriculture 9660.00 6377.00 9660.00 4097.00 PEN Million [+]
GDP From Construction 8072.00 7164.00 9460.00 3533.00 PEN Million [+]
GDP From Manufacturing 17876.00 16072.00 19154.00 12009.00 PEN Million [+]
GDP From Mining 16312.00 15844.00 17438.00 10658.00 PEN Million [+]
GDP From Public Administration 6639.00 6508.00 7644.00 3225.00 PEN Million [+]
GDP From Services 14252.00 12889.00 15081.00 7351.00 PEN Million [+]
GDP From Transport 7698.00 7683.00 7698.00 3870.00 PEN Million [+]
GDP From Utilities 2557.00 2571.00 2571.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 2.40 21.05 -20.94 1980 - 2019 percent Quarterly
2007=100




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19
Argentina -5.80 Mar/19


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