Peru GDP Annual Growth Rate

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.

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Calendar	GMT		Actual	Previous	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 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

Export Data API

Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
Spain	2.10	Jun/19	2.1	5.4 : -4.3	%
Netherlands	2.00	Jun/19	1.7	6.1 : -4.6	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
United Kingdom	1.20	Jun/19	1.8	9.7 : -6.1	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%
Argentina	-5.80	Mar/19	-6.2	16.2 : -16.3	%