Peru's economy expanded 1.8% year-on-year in May 2026, marking its slowest growth since November 2025, down sharply from 3.73% in April and well below market expectations of 3.2%. Fishing recorded the steepest contraction, plunging 73.1% after a 1.7% increase in the previous month, as warmer surface waters pushed fish into deeper areas due to the El Niño phenomenon. Manufacturing also declined 10.7%, reversing a 2.2% gain in April. Growth further slowed in commerce (6.9% vs. 7.3%), construction (4.7% vs. 12.9%) and public administration (3.7% vs. 4.1%). Offsetting part of the weakness, mining and hydrocarbons returned to growth (2.6% vs. -3.24%), while agriculture edged up 0.1% after a 1.6% decline. In the first five months of 2026, the economy expanded 3.2% from a year earlier, while growth over the 12 months through May stood at 3.54%. source: Instituto Nacional de Estadística e Informática (INEI)

Monthly GDP YoY in Peru decreased to 1.80 percent in May from 3.73 percent in April of 2026. Monthly GDP YoY in Peru averaged 3.76 percent from 2008 until 2026, 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 Economic Activity - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-15 03:15 PM
GDP Growth Rate YoY
Apr 3.73% 3.21% 3.55% 2.9%
2026-07-15 03:00 PM
GDP Growth Rate YoY
May 1.8% 3.73% 3.2% 3.1%
2026-08-14 03:00 PM
GDP Growth Rate YoY
Jun 1.8%


Related Last Previous Unit Reference
Full Year GDP Growth 3.44 3.30 percent Dec 2025
GDP 334.85 291.75 USD Billion Dec 2025
GDP Growth Rate YoY 3.50 3.20 percent Mar 2026
GDP Constant Prices 145609.30 160812.50 PEN Million Mar 2026
GDP from Agriculture 7935.12 9075.97 PEN Million Mar 2026
GDP from Construction 9086.88 12025.83 PEN Million Mar 2026
GDP from Manufacturing 16647.67 18885.13 PEN Million Mar 2026
GDP from Mining 17768.16 18988.59 PEN Million Mar 2026
GDP from Public Administration 8400.00 9743.00 PEN Million Mar 2026
GDP from Services 14719.00 17859.00 PEN Million Mar 2026
GDP from Transport 8177.00 8194.00 PEN Million Mar 2026
GDP from Utilities 2962.00 2921.00 PEN Million Mar 2026
GDP Growth Rate 1.00 0.60 percent Mar 2026
GDP per Capita 6890.97 6732.28 USD Dec 2025
GDP per Capita PPP 15661.75 15327.58 USD Dec 2024
Gross Fixed Capital Formation 37515.00 45728.39 PEN Million Mar 2026
GDP Growth Rate YoY 1.80 3.73 percent May 2026


Peru Economic Activity
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.
Actual Previous Highest Lowest Dates Unit Frequency
1.80 3.73 58.49 -39.19 2008 - 2026 percent Monthly
Constant prices, NSA

News Stream
Peru Economic Activity Slows in May
Peru's economy expanded 1.8% year-on-year in May 2026, marking its slowest growth since November 2025, down sharply from 3.73% in April and well below market expectations of 3.2%. Fishing recorded the steepest contraction, plunging 73.1% after a 1.7% increase in the previous month, as warmer surface waters pushed fish into deeper areas due to the El Niño phenomenon. Manufacturing also declined 10.7%, reversing a 2.2% gain in April. Growth further slowed in commerce (6.9% vs. 7.3%), construction (4.7% vs. 12.9%) and public administration (3.7% vs. 4.1%). Offsetting part of the weakness, mining and hydrocarbons returned to growth (2.6% vs. -3.24%), while agriculture edged up 0.1% after a 1.6% decline. In the first five months of 2026, the economy expanded 3.2% from a year earlier, while growth over the 12 months through May stood at 3.54%.
2026-07-15
Peru Economic Activity Hits 5-Month High
Peru's economy expanded 3.73% year-on-year in April 2026, marking the highest level in five months, accelerating from 3.21% in the previous month and well above market expectations of 3.55% growth. Economic activity was supported by broad-based gains across several sectors, particularly manufacturing (2.17%), commerce (7.31%), construction (12.88%), transport (1.44%), public administration and defense (4.08%), services (3.27%), financial services (1.01%), restaurants and hotels (4.48%), communications (1.03%), utilities (4.68%) and fishing (1.68%). In contrast, mining and hydrocarbons contracted 3.24%, while agricultural activity declined 1.64%, partially offsetting the gains recorded in other sectors. For the January–April 2026 period, Peru's economy grew 3.58% compared with the same period a year earlier. Over the twelve months through April 2026, economic activity expanded 3.59%.
2026-06-15
Peru's Economy Expands Beyond Forecasts in March
Peru’s economy grew 3.21% year-on-year in March 2026, beating forecasts of 2.2% but easing from 3.68% growth in February. The expansion was driven by strong performances in construction (15.65%), trade (4.13%), other services (3.98%), and manufacturing (3.60%). Additional support came from public administration and defense (4.40%), accommodation and restaurants (4.94%), business services (3.49%), transportation (1.77%), telecommunications (1.08%), and utilities (1.33%). In contrast, mining and hydrocarbons contracted 4.56%, while fishing (-12.51%), financial services (-0.79%), and agriculture (-0.48%) also posted declines. Peru’s economy expanded 3.53% in the January-March period and grew 3.40% over the twelve months through March 2026.
2026-05-15