Peru’s economy grew by 9.7 percent year-on-year in September of 2021, easing from an 11.8 percent expansion in August and missing market forecasts of 10.2% rise. It was the fifth consecutive month that the economic growth slowed, largely due to fading low-base effects from the pandemic last year. Output rose at a slower pace for manufacturing (7% vs 11.5% in August); accommodation & restaurants (85.1% vs 96.5%); construction (12.6% vs 25.5%) and trade (7.4% vs 9.9 percent). In addition, fishing activity fell further (-39.2% vs -29.9%). Conversely, faster growth was recorded in mining (11.1% vs 3.1%); telecommunications (7.6% vs 6.5%) and agriculture (11.5% vs 6%), boosted by wheat (55.5%), avocado (46.1%), oil palm (38.0%), artichoke (36.9%), hard yellow corn (29.4%), asparagus (20.2%) and paddy rice (4.4%), that benefited from larger production area in some regions of the country and favourable weather conditions. source: Instituto Nacional de Estadística e Informática (INEI)

Monthly GDP YoY in Peru averaged 4.34 percent from 2008 until 2021, reaching an all time high of 58.49 percent in April of 2021 and a record low of -39.19 percent in April of 2020. This page includes a chart with historical data for Peru Monthly GDP YoY. Peru Monthly GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

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Peru Monthly GDP YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-10-15 03:15 PM Aug 11.83% 12.94% 10% 10%
2021-11-15 01:15 PM Sep 9.71% 11.83% 10.2% 10%
2021-12-14 03:15 PM Oct 9.71%


News Stream
Peru Economic Activity Slows for 5th Month
Peru’s economy grew by 9.7 percent year-on-year in September of 2021, easing from an 11.8 percent expansion in August and missing market forecasts of 10.2% rise. It was the fifth consecutive month that the economic growth slowed, largely due to fading low-base effects from the pandemic last year. Output rose at a slower pace for manufacturing (7% vs 11.5% in August); accommodation & restaurants (85.1% vs 96.5%); construction (12.6% vs 25.5%) and trade (7.4% vs 9.9 percent). In addition, fishing activity fell further (-39.2% vs -29.9%). Conversely, faster growth was recorded in mining (11.1% vs 3.1%); telecommunications (7.6% vs 6.5%) and agriculture (11.5% vs 6%), boosted by wheat (55.5%), avocado (46.1%), oil palm (38.0%), artichoke (36.9%), hard yellow corn (29.4%), asparagus (20.2%) and paddy rice (4.4%), that benefited from larger production area in some regions of the country and favourable weather conditions.
2021-11-15
Peru Economic Activity Growth Eases Further in August
Peru’s economy grew 11.8 percent year-on-year in August of 2021, easing from a 12.9 percent expansion in July. It was the fourth consecutive month that the economic growth slowed, as the low-base effects of last year's Covid pandemic began to fade. The expansion was driven by accommodation & restaurants (96.5 percent), transportation (32.8 percent), construction (25.5 percent), manufacturing (11.5 percent), other services (11.1 percent), and commerce (9.9 percent). On the other hand, fishing dropped 29.9 percent. Year to date, Peru’s economy grew by 18.6 percent.
2021-10-15
Peru Economy Eases Expansion
Peru’s economy grew 12.9 percent year-on-year in July of 2021, easing from a 23.5 percent expansion in June. It is the fifth consecutive month of growth, as the economy recovers from the heavy contractions of 2020. The expansion was driven by manufacturing (6.7 percent), commerce (13.3 percent), agriculture (11.1 percent), construction (37.4 percent), transport (38.6 percent) and hotels (124.2 percent). On the other hand, mining output went down 0.9 percent. Year to date, Peru’s economy grew by 19.7 percent
2021-09-15

Peru Monthly GDP YoY
In Peru, Monthly GDP YoY measures the change in the value of the goods and services produced by the country economy compared to the corresponding month in the previous year.