Peru Economy Grows 3.5% in Q1

2026-05-26 00:55 By Kyrie Dichosa 1 min. read

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%.



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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%.
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